
In 1851, Eli Terry built a dam on the Pequabuck River to supply water power for a new factory, the Terryville Manufacturing Company.
Located on Canal Street, the shop made clocks and clock parts. Water from the pond was diverted down a canal to turn a water wheel that generated 35 horsepower at full speed. In 1864, the factory became the Eagle Bit and Buckle Company, manufacturers of harness bits and buckles for the Union Army during the Civil War. Eventually, locks for mailbag pouches were made here. Later a sawmill occupied the site, and by 1908, it was a woodturning plant.

