Chester Congdon (1853-1916)
Chester Congdon, a lawyer and businessman, earned most of his wealth from iron mining. Originally from Upstate New York, Congdon moved to Minnesota as a young lawyer. He was then working as a real estate lawyer in St. Paul when the Mesabi Iron Range was discovered in 1890. This discovery sparked a boom in land deals and contracts, creating high demand in Duluth for lawyers like Congdon. Congdon and his family moved to Duluth in 1892.
Congdon became the lawyer for the Oliver Mining Company. The company was soon backed by Andrew Carnegie and became the biggest producer of ore in the country. In 1901, a majority of the steel industry, including the Oliver Mining Company, was absorbed into the massive U.S. Steel Corporation. In the years following, Congdon and his associates focused on the speculation of lower-grade iron ore on the Mesabi. Congdon’s investment paid off, resulting in million-dollar deals.
Throughout his career, Chester Congdon made many investments in Duluth and across North America. His ventures included copper mining, oil, banking, and agriculture. He died in 1916 at the age of 63.