The cooperage was founded here in 1874 by Jonas Spaulding, Jr. After his death in 1900, his sons, two of whom became New Hampshire governors, served as company officers, and Stephen Frost, who bought into the firm in 1893, served as manager. Rebuilt after devastating fires in 1921 and 1973, Spaulding and Frost Cooperage is now the oldest white pine cooperage in the United States.