Conventional history records that Wagon Valley, or Strawberry Valley, the area now known as Mt. Shasta City, was named for wagon parts that were left there in 1849 by Jesse Applegate and members of the Klamath Company. This Klamath Company was supposedly in route to the area to set up a trading post for miners traveling to California during the gold rush. The plan was said to have failed due to the remoteness of the region and the hostility of the local Indians.
A Klamath Company was formed, and commissioned by the Legislature of the Oregon Territory in February of 1849. The Letter of instruction from Oregon's Governor Lane, gave them permission to form a settlement in the southern portion of the Oregon Territory. Since it was named the Klamath Company, probably the settlement was planned for the Klamath Lake area on the Applegate Trail.
In an unpublished manuscript of Levi Scott, one of the men who opened the Applegate Trail, Scott says that he was asked to join the Klamath Company, but refused to do so. He further stated that when the Company arrived in the area where Jacksonville, Oregon, was later founded, the Company had some disagreements and disbanded and the men went back home. They never did cross the Siskiyou Mountains into California.
Rumor has it that the metal wagon parts were removed for scrap iron during one of the many later wars.
from The Siskiyou County Museum and Historical Society