Marcus L. Fay, prominent in business and financial circles of Duluth, Minn., was born at Woodstock, Canada, in 1848, and is a son of Israel and Eveline (Webster) Fay, the former a native of New York and the latter of Ohio. After the birth of our subject they moved to Michigan and he was reared and acquired his education there. Later he went to Wisconsin and lived at Tomahawk and Hazel, and for some years was engaged in the lumber business.
Mr. Fay took up his permanent residence in Minnesota in 1894, settling at Virginia, in St. Louis county, and it was largely through his work, associated with Mr. D. D. Keeney, that the place was rebuilt after the destructive fire of 1900. As mayor of Virginia City he inaugurated and carried to completion numerous public improvements for the betterment of the place, and it was during his administration that occurred the dynamite outrages growing out of his efforts to enforce the laws in relation to closing the saloons. Mr. Fay is widely known as an authority on mines and mining operations, in which he has been especially interested and active for many years, and he is credited with the discovery of the following named mines, to wit., the Minorca, the Chisholm, the Pearce, the Laura, the Winnifred, the Webb, the Cass, the Tisora and the Kellogg, the two last named now belonging to the Nyosk Steel Company, of Buffalo, N. Y.; Enterprise and Alpena and the State and Sec. 15 mines.
He is now, 1909, president and treasurer of the Tisora Mining Company, organized in 1903, with a capital of $114,000, and in five years produced $3,000,000, and which was sold in 1908 for $3,000,000, the stock being now held by Mr. Fay and Mr. W. H. Yawkey, of New York, each owning a half interest. Mr. Fay is also president of the Fay-Cananea Mining Company, organized February 12, 1907, other officers being Mr. James H. Daugherty, vice-president, and Mr. George M. Fay, secretary.
Mr. Fay took up his residence in Duluth in 1907 and both there and in Virginia City has been active in political matters.
He is a Democrat, and as the opponent of Mr. J. Adam Bede the usual Republican majority of 18, 000 was reduced to 5, 000.
In this contest he took a decided stand against placing wheat, iron ore and lumber on the free list. Under the administration of President Cleveland he was appointed postmaster at Hazel.
In 1871 Mr. Fay married Miss Sara J. Griffiths, of New Brunswick. Of three children born to them Charles E., the eldest, is deceased; George M. is secretary of a mining company of which Mr. Fay is president; and Clara E., the youngest, is married to Mr. W. J. Shulze and lives at Virginia.