Duluth in St. Louis County, Minnesota — The American Midwest (Upper Plains)
One of Cooke's earliest achievements was bringing the Lake Superior & Mississippi Railroad from St. Paul to Duluth. The L.S. & M. had been chartered by the state in 1857, but it wasn't until after Cooke visited the area in 1866 that construction on the "paper" railroad began. The L.S. & M. was completed from St. Paul into Duluth in August 1870 with its terminus on the Lake Superior shoreline about six blocks to the right.
Cooke also financed construction of grain elevators at both ends of the railroad, beginning in 1869. Duluth's Elevator "A", the first of its kind in the Twin Ports, stood immediately adjacent to the railroad's terminus.
Cooke's influence was felt elsewhere in the community as he financed the city's first church and personally backed its first bank. Finding himself overextended at an inopportune time, however, Cooke's financial empire began to crumble when his own banks failed causing the Panic of 1873.
Perhaps Jay Cooke's greatest legacy to Duluth was his vision for the large natural harbor inside Minnesota Point. His financial
This statue in Jay Cooke Plaza shows him in a relaxed manner holding his characteristic low crowned, broad brimmed gray hat and overlooking Lake Superior and the ship canal – a vision fulfilled – and a vision better understood in the late 1980's. Duluth citizens have forged the Downtown Waterfront Plan and Development Strategy and are dedicated to its success.
This informational marker is presented as a gift from St. Mary's Medical Center in celebration of its Centennial Year, 1888 – 1988
Erected 1988 by St. Mary's Medical Center.
Location. 46° 47.707′ N, 92° 5.237′ W. Marker is in Duluth, Minnesota, in St. Louis County. Marker is on North Shore Scenic Drive/East Superior Street south of North 9th Avenue East, on the right when traveling north. Click for map
Other nearby markers. At least 8 other markers are within one mile of this marker, measured as the crow flies. Leif Erikson (approx. 0.3 miles away); The History of the Duluth Rose Garden (approx. 0.4 miles away); Clayton Jackson McGhie Memorial (approx. 0.6 miles away); Determined Mariner (approx. one mile away); Trotman Folding Stock Anchor (approx. one mile away); Modern Ship Anchor (approx. one mile away); Modern Ship Propeller (approx. one mile away); Capstan (approx. one mile away). Click for a list of all markers in Duluth.
Also see . . .
1. Jay Cooke. "Jay Cooke (August 10, 1821-February 8, 1905), American financier, was born at Sandusky, Ohio, the son of Eleutheros Cooke (1787-1864), a pioneer Ohio lawyer, and Whig member of Congress from that state in 1831-1833." (Submitted on March 19, 2008.)
2. Grain Elevators, A History. (Submitted on March 20, 2008.)
3. About the Lake Superior and Mississippi Railroad. (Submitted on March 20, 2008.)
Categories. • Notable Persons • Railroads & Streetcars • Waterways & Vessels •
Credits. This page originally submitted on , by Keith L of Wisconsin Rapids, Wisconsin. This page has been viewed 2,239 times since then and 125 times this year. Photos: 1, 2, 3, 4. submitted on , by Keith L of Wisconsin Rapids, Wisconsin. • J. J. Prats was the editor who published this page. This page was last revised on June 16, 2016.