Frankston is located in the far northeastern of Anderson County. The town was founded when the Texas and New Orleans Railroad was built through the area in January 1902. Originally called Ayers, the town was renamed after Miss Frankie Miller, who donated land. The main source of income was cotton, lumber, and agriculture products. The railroad station, south of the square, was a center of town activity. By the 1980s the town was incorporated with the mayor-council form of city government. Tourism has become increasingly important to Frankston in recent years and the former depot has become a library.
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