Growth was very slow during the nineteenth century, and by 1890 Argyle only had a population of 148. The town did boast several agriculture-related industries, such as grist mills, general stores, and a cotton gin. In 1885 Argyle built a two-story brick school, and population grew until it reached 238 in 1930. A bank was also established in 1906, a little red brick building with a drugstore in the front. The bank wasn't around long before it was robbed in 1912. The robbers made away with $1700 and were never caught. Electricity and telephone service became available in the mid-1930s.