16, 1891, Hunter and Goldsmith managed to sell 300 lots, mainly to teachers, professors, and writers. The real estate boom ended during the Panic of 1893 when the United States went into a five-year depression that began in 1893 and ended in 1897. Sales were stagnant and the Carmel project was losing money. On November 25, 1902, real estate developer James Franklin Devendorf and Frank Hubbard Powers established the Carmel Development Company, which laid the foundation to establish an artists and writers' colony that became Carmel-by-the-Sea in 1903. In the summer of 1902, Devendorf had Goldsmith place four portable houses at specific locations in town. Goldsmith built a shed for his carpenter shop on the southwest corner of Ocean Avenue and San Carlos Street, behind the Carmel Development Company Building. It was one of Carmel City's first businesses. In 1904, Devendorf opened the first public school in the Goldsmith carpenter shop. The school had seven students and a teacher, Mary Westphal from San Jose. In 1905, Goldsmith built a vernacular cabin on Monte Verde Street NW of 9th Avenue, now called the Sinclair Lewis House. Writer and playwright Sinclair Lewis and William Benet rented the home in 1909. In September 1908, Goldsmith was given a surprise party on his 80th birthday. His nickname was announced at the party as "Goldie." In 1910, at age 81, Goldsmith, widowed, rented a house in Oakland, California with Hunter and two other boarders. Death Goldsmith died at the Carmel Peninsula hospital on July 3, 1921, at the age of 92. Funeral services were held on July 5, 1921. After his death, several Carmel lots were left to his surviving son, Wallace H. Goldsmith. See also Timeline of Carmel-by-the-Sea, California Sawyer-Barrow House build by Jonathan Goldsmith References External links Carl Cherry Center for the Arts (Augusta Robertson cottage built by Goldsmith) 1828 births 1923 deaths People from Carmel-by-the-Sea, California People from Monterey, California People from Ohio