Speculator is the only incorporated village within Hamilton County and is within the town of Lake Pleasant.

[1] Archeological evidence of Native Americans has been found in arrowheads and spearheads near the shores of Lake Pleasant.

Many historians believe Speculator was the hunting and fishing grounds of both Mohawk and Algonquin tribes.

These Native Americans would only travel to the Adirondack Mountains to hunt during the warm months, while their villages were located in the Mohawk and Hudson Valley regions.

In 1892, a few ambitious and industrious business leaders felt they needed to update and modernize their facilities.

The village of Speculator purchased a small water system of Dexter Slack and expanded it.

The village had a generating plant and waterwheel installed at Christine Falls, and by 1926 they had electricity.

Entire families spent their summers enjoying the mountain hospitality and fresh air.

Around the 1850s, city sportsmen began to come to the Adirondack Mountains to hunt, fish, and enjoy expeditions into the deep woods.

They hired local men to be guides, who provided food and crude lean-tos for shelter.

After the Civil War, large lumber companies formed and mills were built near the Glens Falls area.

Many local farmers found winter employment as lumberjacks, and also supplied the companies with potatoes, meat, animal feed and dairy products.

[10] Unusually, the village has an exclave in the northern portion of its containing township (Lake Pleasant).

The entire village is located within the Lake Pleasant Central School District.

There is a baseball field, basketball court and large pavilion next to the parking lot.

[citation needed] The Grace Methodist Church Complex was added to the National Register of Historic Places in 2015.