Captain Elijah Barstow, who until about 1846 had been building ships in the old Barstow Yard back of Edmund Q. Sylvester's in Hanover, was approached about that time by George M. Allen of Scituate Harbor with a proposition to build for him a vessel of 250 tons.  On account of the great expense necessary to get the vessels over the shoals below his yard, which would consume the small profits of those days, Capt. Barstow decided it would not pay to build the vessel at his yard, and therefore invited Capt. Thomas Waterman to build her in company at Capt. Waterman's yard, Fox Hill.  He accepted, and they began their partnership which lasted until 1859, when Thomas B. Waterman succeeded his father, and in company with Capt. Barstow, built until 1869, when the last vessel was built at this yard.