The Mineral Spring Hotel was in Lynn, bordering the Salem/ Peabody line, where the Fay Mansion later once stood. The tract of land in Lynn, Salem and Peabody was mostly pasture, with some forest, creating an enjoyable retreat on the facing hillsides of Spring Pond. In 1849, Richard Sullivan Fay bought the hotel and converted it into a residence, utilizing the pastures and planting an exotic natural arboretum.
From the Salem Gazette, July 2, 1841
More info on the hotel can be found here.
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Mr. Fay should have planned better and bequethed the area as a park.
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