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Reminscences of early Michigan History 1800's
he expenditures of the firm of Mackie & Co., of which Mr. Little was a member, in their efforts to build up Saginaw City, by the erection of various expensive structures, some of which still stand as monuments of their enterprise, amounted to a very large sum, and, followed so soon by the financial crisis of 1837-1838, it is not to be wondered at that trouble and embarrassment ensued, causing further active efforts on their part, at that time, to build up Saginaw City almost entirely to cease. Disappointed, but not discouraged, Mr. Norman Little turned his attention to the east side of the river, and in 1850 induced Mr. James M. Hoyt, of the old firm of Eli Hoyt & Co., of New York city, and his son, Mr. Jesse Hoyt, to become interested with himself, each one-third, in the site and business of East Saginaw.
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