Speculator is a village in Hamilton County, New York, United States. The population was 406 at the 2020 census. The Speculator Mountain rises just south of the village.

Speculator is the only incorporated village within Hamilton County and is within the town of Lake Pleasant.

Newton's Corners

The small settlement at the outlet of Lake Pleasant was part of the town of Lake Pleasant. In 1864, Joel Newton built a small store and hotel in the center of town and secured a post office with the name "Newton's Corners". At that time, Page Hill and Page Street were included in Newton's Corners. Joel Newton's structure burned in 1870, and in 1872 the Newton's Corners post office was reopened in Satterlee's store. Henry Dunning built a hotel in 1882, on the former site of Newton's hotel and the post office had moved there, and in 1896, the community received a new name, "Speculator", after the mountain seen across the lake.

Becoming Speculator

In 1892, a few ambitious and industrious business leaders felt they needed to update and modernize their facilities. Speculator was a "booming Mecca" for tourists. With the support of the voters in 1925, the village of Speculator was incorporated with a mayor and two trustees, which later changed to four trustees. The village of Speculator purchased a small water system of Dexter Slack and expanded it. The village had a generating plant and waterwheel installed at Christine Falls, and by 1926 they had electricity.

Age of tourism

Growth escalated in the Victorian era between the mid-1800s and the early 1900s. Entire families spent their summers enjoying the mountain hospitality and fresh air. Several more hotels were built to accommodate them, and eventually more stores, homes and several cottages were built. Around the 1850s, city sportsmen began to come to the Adirondack Mountains to hunt, fish, and enjoy expeditions into the deep woods. They hired local men to be guides, who provided food and crude lean-tos for shelter. Hunting shanties were later widely used. With these sportsmen came their whole families to use the many hotels and boardinghouses in Lake Pleasant and Speculator. Private summer camps and cottages were built and along came the established family and children camps. Camps such as Camp of the Woods, Camp Setag for girls, Kamp Kun-ju-muk for boys, the YMCA Camp Agaming, and Deerfoot Lodge for boys were established around the shores of local lakes.

After World War I, famous athletes came to practice in the isolated communities, such as Gene Tunney, Max Schmeling, and Max Baer, who arrived to train for their heavyweight championship fights at various times.

Age of lumbering

In the beginning, small sawmills provided lumber for local use. After the Civil War, large lumber companies formed and mills were built near the Glens Falls area. At first logging was prevalent along the upper Hudson River which was used to float the logs to the mills. Later, logging operations moved into Lake Pleasant, and the Sacandaga River, the outlet of Lake Pleasant, was used to float logs to Glens Falls as the state of New York designated rivers as public highways for moving logs to the larger companies. Many local farmers found winter employment as lumberjacks, and also supplied the companies with potatoes, meat, animal feed and dairy products. The lumber companies bought large parcels of land for their timber. Some of this land was later abandoned and became state land. This was the beginning of the Adirondack Park as designated in 1892.

Geography

According to the United States Census Bureau, the village has a total area of , of which are land and , or 5.46%, are water.

Unusually, the village has an exclave in the northern portion of its containing township (Lake Pleasant). The exclave is completely inaccessible by road and it is not clear why it exists. The closest roadway to the exclave is NY 28.

Speculator Mountain, with an altitude of , is south of the village.

Lake Pleasant and Sacandaga Lake are west of the village.

As of the census of 2000, there were 348 people, 163 households, and 94 families residing in the village. The population density was . There were 484 housing units at an average density of . The racial makeup of the village was 96.26% White, 1.72% African American, 0.29% Native American, 0.57% Asian, 1.15% from other races. Hispanic or Latino of any race were 1.72% of the population.

There were 163 households, out of which 17.2% had children under the age of 18 living with them, 49.1% were married couples living together, 4.9% had a female householder with no husband present, and 42.3% were non-families. 39.3% of all households were made up of individuals, and 16.0% had someone living alone who was 65 years of age or older. The average household size was 2.00 and the average family size was 2.61. Free parking is available across the street from the beach. There is a baseball field, basketball court and large pavilion next to the parking lot. There is also a nature walk behind the pavilion.

Speculator Mountain, for which the village was named, lies just south of the village on Gilmantown Road, and is visible from most of the village. Oak Mountain is the location of the Oak Mountain Ski Center located just north of the four corners.

Landmarks

The Grace Methodist Church Complex was added to the National Register of Historic Places in 2015.

Education

It is in the Lake Pleasant Central School District.<!--UNI 16530-->

References

Bibliography

  • Lake Pleasant and Speculator in the Adirondacks by Anne Weaver and Beverly Hoffman. Arcadia Publishing, 2010. www.arcadiapublishing.com
  • Village of Speculator official website
  • Speculator Chamber of Commerce
  • Speculator information
  • Gene Tunney at Speculator
  • Brief history of area