David Moffat: Railroad Tycoon and Industrialist

David Moffat

When: 1839-1911

Where: Denver, CO

Why Important: Denver Businessman, Colorado railroad owner


David Halliday Moffat was born in Washingtonville, N.Y. on July 22, 1839. When David was only twelve years old he moved to New York City and became a messenger boy for a bank. He worked so hard that the president of the bank noticed him and gave him the job of assistant teller. David’s older brother Samuel moved to Iowa in 1855 and David soon followed, getting a job at a bank there.

The lure of the West called to David and in 1860 he moved to Denver and opened a bookstore1 on Larimer and 15th Streets. David wasn’t fond of selling books and by 1865 became an agent for the Home Insurance Company.2 Around 1870 David was hired at the First National Bank of Denver as its manager3. The bank was very successful when David was running it and eventually he became the bank’s president.4

Banking was not David’s only interest. He was enthusiastic about railroad transportation in Colorado and co-owned nine railroads.5 He was also very interested in the mines of Colorado and had over 100 claims.6 Success in both these interests made David very wealthy.

First train into the Moffat Tunnel

David wanted to build a railroad through the mountains from Denver to Salt Lake City, Utah. He began to build the railroad in December 1902, which had 33 short tunnels and it went from Denver to Craig, CO. It was called the “Moffat Road.”7 He spent millions of his own money to pay for the railroad. When he started running out of funds, he went to New York City to try to find people who would be willing to help pay for the railroad through the Rocky Mountains. Unfortunately, David became ill while in New York City and died on March 18, 1911.8

Since David died, there was no money to tunnel through the Rocky Mountains; however the goal of the tunnel was not forgotten. After several years of trying to raise the money, the Colorado Senate in 1922 voted to pay for the tunnel.9 It was finished six years later and the first train went through the new tunnel on February 26, 1928.10 It was named the “Moffat Tunnel” after David.

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Arian Osborne
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