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Around the beginning of the twentieth century, Monterey was a resort town that boasted nine hotels and drew summer people who came to enjoy the cool temperatures and mountain scenery.

The Standing Stone was a 13-foot (4.0 m)-tall rock that once stood upright on a sandstone ledge in the area. It was the legendary boundary between Cherokee and Shawnee territory and marked the Cherokee Tallonteeskee Trail. The 8-foot (2.4 m) remnant of this stone is preserved in Monterey, where a Standing Stone Celebration of Native American Heritage is held each October.

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