The main industry in the 1890s was a pressed brick yard which closed in 1896, a victim of the deep recession of 1893.
Operations ceased due to a financial panic in the United States and a fatal mining accident.
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After the Panic of 1893 a private utility monopoly run by stalwart Republican party bosses Charles F. Pfister and Henry C. Payne, the Milwaukee Electric Railway and Light Company (TMER&L), revoked commuter passes and raised utility rates during the depression.
During a severe depression (the Panic of 1893), the Pullman Palace Car Company cut wages as demand for new passenger cars plummeted and the company's revenue dropped.