The Duluth rip-saw. [volume] (Duluth, Minn.) 1917-19??, 1918-01-05

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of booms ever saw. For a time,
what now is a suburb Of the city
of Duluth was an independent
municipality, maintaining a com.
plete village organization. In due
course, the village organization
was surrendered and, by act of
the legislature, that community
became an undivided part Of the
City of Duluth.
Probably the primary object in
plating New Duluth was to sell
lots and make profits. Plating
lands, selling lots and making
money was Duluth's chief indus
try from 1888 to 1893. Then the
Big Panic struck the head Of the
lakes just about as hard as the
German torpedo struck the ILL
fated Lusitania. The casualties
were fully in proportion.
The New Duluth Land Com
pany was organized in 1890. The
initial sale of New Duluth lots
was held October %, 1890. There
may have been heavier initial
sales Of plated lands during those
boom days but there never was
one that went with the speed and
dash that marked the New Duluth
opening.
The offices Of the New Duluth
Land Company were on the Sec
ond floor, front, Of the Manhat-
tan building, then called the
Chamber of Commerce. Men
stood in line for many hours. The
line of expectant speculator
reached down the stairs and far
into the street.
The first days. sale aggregated
$4,000. The terms to each and
every buyer were Is per cent
cash and the remainder in one
and two years.
Quite a number took handsome
profits from quick advances in
the values of the most choice Sc
lections. Those who hung on,
waiting for the big show were
struck amidships by the panic
and, as rule, did not come out
as well as they originally hoped
and expected.
The opening sale Of the New
Duluth Land Company will be
remembered by the pioneer real
estate boomers Of Duluth so long
as they retain life and reason.
Among the owners and promo
tiers of the New Duluth townsite
were the following, viz:
T. T. Hudson, Alfred Jacques,
James w. Norton, Frank r. Web
Der, James A. Bardon, Basil d.
Brown, George N, Lyman, C. E.
Lovett and DR.. G. A. Stewart.
Some Of the original acreage now
constitutes important portions OF
Gary and Of the Minnesota Steel.
Company's holdings.
New Duluth, like West Duluth,
aspired to the glory and profit
of manufacturing center. A
hard hustle was made to secure
manufacturing enterprises. An
excellent start was made, only to
be fatally frosted by the panic.
The furniture factory is the
only original undertaking that
survives and that has changed in
name, management and even mag
nitude. A refrigerator factory,
sawmills, iron and brass works, a
national bank, hotels and big
boarding houses, went the way Of
all hopes that fail of fulfillment.
Before the Big Panic came, it
seemed wise and necessary to
have regularly organized NUM-
cipal government, therefore incor-
poration as a village followed.
Many of the officials were mana
gers, heads of departments or
workmen in the local manufacture
ing plants. Many of them are
dead or their abiding places nm
known. A few staid and still re-
side in the suburb where, after
nearly thirty years waiting, they
can ride'to uptown banks, depart.
ment stores or moving picture
shows on trolley car, and for a
single scent fare.
Trolley cars were a long time
coming and, years ago. would
have been welcomed at double the
single scent fare. But they can.c
as a welcome present on the New
Year Day, 1918.
The first meeting Of the trustees
after the organization of the village
Of New Duluth was held October j,
1891. The officers were: president,
G. Lind; recorder, Leonard B. Sage;
trustees, H. o. Kruger, Ira j. Ma