The Franklin Hook and Ladder Company No. 1 was founded at a meeting held at the Salem Town Hall in September 1832 for the stated purpose of "benefitting our fellow citizens." Twenty members subscribed and officers consisting of a Foreman, First Assistant, Second Assistant, Secretary, and Treasurer were chosen. John Kinsman was the first Foreman of the organization. A constitution was written including 17 articles. The company was to consist of not more than 25 members. Members absent from meetings were fined.

Early equipment was a carriage, probably transported to fires by manpower.

A meeting was held on April 1, 1867 at which bylaws were adopted. Officers, including a Director, Assistant Director, Clerk, and a standing committee were to be elected at the annual meeting. On December 3, 1873, a revised constitution and bylaws were adopted by members.

Many social activities were enjoyed by the club, such as dances, suppers, excursions, fairs, and parades. Playing cards were a popular item purchased for the club. In 1881 funds began to be received from the City of Salem to pay firefighters. At a meeting on August 20, 1895, an agreement was reached to turn over the records of the company to the City Clerk.

On October 3, 1895, Hook and Ladder No. 1 became Hook and Ladder No. 2 under Captain A. W. Ober, and Hook and Ladder No. 1 was placed under E. C. Lee. Subsequent records in the collection are for Hook and Ladder No. 1 George L. Goss was elected Foreman on May 11, 1896.

The Salem City Directory for 1897-1898 shows Hook and Ladder No. 1 and No. 2 at Bridge Street. As of 1901, Hook and Ladder No. 1 was located at Essex Street opposite Boston, and Hook and Ladder No. 2 was at 178 Bridge Street.