Two newspaper interviews, published 20 years apart, bookend the rise and fall of Alexander Miles — a Duluth barber, elevator innovator and real estate developer who spent the last quarter of the 1800s along Lake Superior.
The first story appeared in 1887 when Miles was 50 and at the top of his game. The Western Appeal, a St. Paul weekly, sent a reporter to Duluth to interview the man widely considered the richest black man in Minnesota. After breakfast at his hillside home, Miles gave the reporter a tour of Duluth in a carriage pulled by Harry G, one of his prized horses.
"Mr. Miles is particularly proud of his horses, which are as fine as any in the city," wrote the reporter, who described Miles' house at 311 W. Fourth Street as "a very comfortable residence on an excellent site overlooking the lake … in a style in accord with his means."
Some estimates put Miles' worth — through his real estate, hair-care business and inventions — at $500,000. But 20 years later, Miles was widowed, broke, cutting hair in a Seattle hotel and living in a nearby rooming house.
A Seattle Daily Times reporter, learning that Miles had lost his fortune, stopped by to interview the barber.
"I started in at my trade, and gradually built it up until I had an establishment of my own of goodly size," Miles told the reporter. "I piled up my money, little by little, and invested it carefully in real estate, getting as much down-town property as I could."
Duluth was a burgeoning town with a busy port near ore deposits, virgin timber and Midwest grain. Its population mushroomed from about 2,000 people when Miles arrived in 1875 to nearly 53,000 by 1900. Miles figured he could cash in on eastern investors pouring money into Duluth.
But the financial panic of 1893 came just as Miles oversaw construction of a dozen Queen Anne-style homes on W. Fourth Street and what is now Mesaba Avenue.