Located in Franconia, New Hampshire, the New Hampshire Iron Factory Company was incorporated in 1805 by: Asa Towne, Amos Towne, Solomon Towne, Moses Lewis, Stephen P. Webster, Samuel Hutchings, William Simpson, Joshua Goodale, and Stephen Couch, several of whom were from Salem, Massachusetts. The operation began to be referred to as the "Lower Works". In 1810, a report was published in Salem by Joseph Bray, who had surveyed the company and found that the company owned 5,456 acres (needed to supply logs for making charcoal), a farm, a sawmill, a grist mill, a tavern and cook house, a blacksmith shop, a store in Franconia, and a store in Bath for the sale of its iron products. According to an 1832 report, they produced stoves (cooking and parlor), hollow ware, potash kettles, machinery, and bar iron. In 1865, an article in The Granite Monthly, states that "work at the furnace and mine was suspended". In 1884 fire destroyed all portions of the iron works except for the main blast furnace.