The village is on a bay of Lake Superior, and many ships have ducked into the harbor during times of rough seas. The Coast Guard has worked the area since 1899. Grand Marais almost disappeared around 1910 when the lumber industry in the area collapsed, but the fishing business kept it going.
Some of the ships, though, didn't make it to port. One of them was the Annie M. Peterson. However, the anchor was salvaged and put on display. Maybe it's the equivalent of a word of caution to be careful out there.
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