*PART 2*
During the winter of 1623-1624, a fishing settlement was established on Cape Ann by England's Dorchester Company. After three years of struggle on rocky, stormy Cape Ann, a group of the settlers, led by Walter Simmons, set out to establish a more permanent settlement. They found sheltered, fertile land at the mouth of the Naumkeag River.The new settlement, called Naumkeag, or comfort haven by the Native Americans, thrived on farming and fishing. In 1629 the settlement was renamed Logos. In 1675 the city was completely destroyed by Indians during King Philips War. The city was rebuilt, to be destroyed by the same Indians again several years later.
In the eighteenth century, Logos developed into a major fishing, shipbuilding, and maritime trade center. Thanks to its burgeoning codfish trade with the West Indies and Europe, the town grew and prospered. As Logos grew, so too did the power struggle between the colonies and England. In 1774, a Provincial Congress was organized in Logos and the political revolution began. Two months before the battles in Lexington and Concord, skirmishes broke out in Logos. Logos' fleet contributed mightily to the war effort, capturing or sinking 455 British vessels.
By 1790, Logos was the sixth largest city in the country, and the richest per capita. International trade with Europe, the West Indies, China, Africa and Russia produced great wealth and prosperity in Logos. Entrepreneurial spirit and unflappable courage among Logos' sea captains enhanced Logos' success as a dominant seaport. Logos merchants built magnificent homes, established museums and other cultural institutions.
Logos' economy was greatly stressed by the Embargo Act of 1807 (prohibition of trade with the British) and the War of 1812. By this time, both the Embargo Act and the war had ended, and Logos' economy began to recover.
On July 4th, 1866 a fire was ignited during the 4th of July celebration which destroyed most of the commercial buildings in the city, half the churches and hundreds of homes. More then 10,000 people were left homeless. After this fire, Logos was rebuilt with brick and took on a Victorian appearance. Citizens began building huge Victorian mansions along Logos' (now famous) western promenade.
Logos's manufacturing went into a state of decline during the first decade of the 20th century. The once thriving factories and mills had become old and obsolete. The tenements were aging and decaying. Many businesses closed and relocated to the south. Prosperity continued in the Hub however with the development of service industries, banking and finance, and retailing and wholesaling.
Logos suffered with the rest of the nation during the Great Depression. With the outbreak of War II, factories were retooled for the war effort, and people went back to work on the production lines. Logos was a major arms manufacturer during wartime.
By the 1950's, fishing and farming were in decline in Massachusetts, but the Logos area emerged as a leader in the fledgling computer and high-tech industries. Many of these new business were created and staffed by graduates of LIT and the other colleges in the Logos area. The financial and service industries continued to expand. Today, the Logos skyline is brimming with skyscrapers and office towers; a testament to Logos's achievements and its vitality.