The iron furnace was established here in 1805, by owners of another nearby furnace whose ore sources were played out. The success of this location was such that the town of Bennington was forced to improve its roads to the area, and at its peak the operators employed 150-200 workers. At its 1831 peak, the two active blast furnaces produced 7 tons of pig iron daily, and also had a smaller cupola furnace capable of further refining pig iron into a product suitable for producing utilitarian iron products, such as cauldrons, fireboxes, cooking stoves, plow points, and machinery parts. The furnace closed in 1842, unable to compete with larger and more advantageously placed businesses, and hampered by issues with its ore sources. In the second half of the 19th century, the property was transformed into a summer country retreat.
