This stone building was one of many inns on Water Street in the days of the forwarding trade. The property was built after Samuel Glasgow bought the land from Ebenezer Bacon, a prominent tanner, for 75 pounds, in 1843. The next year Alexander Smyth, a merchant like Samuel Glasgow, bought the eastern half of the lot from Mr. Bacon. Together, both men built the Water Street property, which is now a designated heritage site.