Founded in 1877 as part of the development of the Calumet area in conjunction with the mining of the Calumet conglomerate lode, Laurium was a residential community for managers of the Calumet and Hecla Mining Company and for bankers, professional people, and merchants in Red Jacket, now Calumet. Neither the mining company nor the village of Red Jacket could adequately supply the need for houses.
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