ion of which Blackstone street now extends.
As the enterprise had the confidence of the business community, money for prosecuting the work had been procured with comparative ease.
Such representative men as Oliver Wendell, John Adams, of Quincy, Peter C. Brooks, Andrew Craigie, Ebenezer and Dudley Hall, James Sullivan, and John Hancock were stockholders.
The stock had steadily advanced from $25 a share in the autumn of 1794 to $473 in 1803, the year the canal was opened, touching $500 in 1804.
Then a decline set in, a few dollars at a time, till 1816, when its market value was $300 with few takers, although the canal was in successful operation, and in 1814 the obstructions in the Merrimac had been surmounted, so that canal boats, locking into the river at Chelmsford, and making use of various locks and short canals, had been poled up stream as far as Concord.
Firewood and lumber always formed a very considerable item in the business of the canal.
The navy-yard at Charlestown
in the United States which has got a river in it.)
The Historical Society petitioned the City Council to restore the old name of Ship street, but the petition was dismissed without a hearing. I say, then, that Mr. Turner's ship-yard was located about opposite the westerly end of Cross street, and it was afterwards known as Lapham's ship-yard.
Mr. Turner was esteemed as one of the most skilful draughtsmen, as well as one of the most faithful builders, in New England.
He began business in 1804, and rapidly acquired reputation in his profession.
And here let me proceed at once to mention the location of the ship-yards which were, from first to last, established in Medford, with the names of those who occupied them.
There were ten of them.
I will begin with the one which stood lowest on the river, and will take them in their order, going up the stream:
I. A ship-yard at the foot of what is now Foster's court, off Riverside avenue. It was first used by Sprague & James, in 1817
l R. Shed, were killed in battle.
Another distinguished son of Medford, Alexander Scammell Brooks, eldest son of Governor Brooks, made a good reputation in this war. Born in Medford in 1777, he entered Harvard College in 1801, and leaving it in 1804 entered the merchant service as a mariner.
But the Embargo of 1808, so destructive to the mercantile prosperity of New England, closed that career for a time, but it was renewed soon after, and he returned to his chosen profession.
But when thtering uniforms, and frequently the governor, paraded in all their glory.
The plain in the easterly part of Medford, now covered with streets and houses, was frequently the muster-field.
Such a company existed in Medford as early as 1781.
Until 1804 this company belonged to the First Regiment, First Brigade, and Third Division; then a new regiment was formed, the Fifth, and the company was transferred to it, and from that time I believe that every company formed in Medford, with possibly the