﻿146 
  History 
  of 
  Durham. 
  

  

  until 
  the 
  panic 
  of 
  1873, 
  when 
  the 
  warehouse 
  was 
  closed, 
  

   the 
  firm 
  losing 
  about 
  all 
  they 
  had 
  made 
  since 
  the 
  opening 
  

   of 
  the 
  house. 
  When 
  operations 
  were 
  again 
  resumed, 
  Mr. 
  

   Lyon 
  concluded 
  to 
  withdraw, 
  and 
  Mr. 
  Parrish 
  became 
  sole 
  

   proprietor, 
  and 
  despite 
  of 
  all 
  opposition 
  soon 
  built 
  up 
  a 
  

   lucrative 
  trade 
  and 
  a 
  name 
  which 
  commands 
  respect 
  and 
  

   confidence 
  in 
  ever}' 
  important 
  tobacco 
  market 
  i-n 
  America. 
  

   In 
  1876 
  the 
  Old 
  Durham 
  Warehouse 
  — 
  the 
  first 
  warehouse 
  

   built 
  — 
  was 
  rented 
  at 
  auction 
  for 
  a 
  term 
  of 
  three 
  years, 
  and 
  

   was 
  bid 
  off 
  by 
  Mr. 
  Parrish 
  at 
  the 
  enormous 
  sum 
  of 
  S2,000 
  

   per 
  annum. 
  During 
  these 
  years 
  he 
  pushed 
  onward 
  with 
  

   great 
  vigor 
  and 
  deserved 
  success, 
  and 
  with 
  the 
  continued 
  

   growth 
  of 
  the 
  town, 
  esteemed 
  it 
  prudent 
  to 
  select 
  a 
  more 
  

   suitable 
  location 
  for 
  his 
  business; 
  hence 
  the 
  establishment 
  

   of 
  the 
  imposing 
  and'commodious 
  brick 
  Warehouse 
  where 
  

   he 
  is 
  at 
  present 
  doing 
  business 
  as 
  the 
  recognized 
  leading 
  

   warehouseman 
  of 
  North 
  Carolina. 
  The 
  building 
  was 
  com- 
  

   pleted, 
  and 
  the 
  opening 
  sale 
  occurred 
  August 
  29th, 
  1879. 
  

   This 
  was 
  one 
  of 
  the 
  most 
  important 
  occasions 
  in 
  the 
  history 
  

   of 
  the 
  town 
  — 
  giving 
  Durham 
  a 
  new 
  and 
  powerful 
  impetus 
  

   on 
  the 
  highway 
  of 
  prosperity 
  and 
  commercial 
  importance 
  

   as 
  a 
  tobacco 
  market. 
  About 
  80,000 
  pounds 
  of 
  tobacco 
  were 
  

   sold 
  by 
  this 
  warehouse 
  on 
  that 
  auspicious 
  day, 
  Mr. 
  Parrish 
  

   paying 
  out 
  to 
  planters 
  the 
  aggregate 
  sum 
  of 
  $15,000, 
  and 
  

   the 
  happpy 
  fortune 
  and 
  favorable 
  impressions 
  then 
  engen- 
  

   dered 
  have 
  never 
  deserted 
  the 
  house. 
  On 
  April 
  1st, 
  1880, 
  

   Mr. 
  J. 
  W. 
  Blackwell 
  was 
  admitted 
  as 
  a 
  partner 
  in 
  the 
  busi- 
  

   ness, 
  which 
  was 
  conducted 
  under 
  the 
  name 
  and 
  style 
  of 
  

   Parrish 
  & 
  Blackwell 
  until 
  the 
  1st 
  of 
  January, 
  1884, 
  when 
  

   Mr. 
  Parrish 
  bought 
  out 
  Mr. 
  Blackwell's 
  interest, 
  paying 
  for 
  

   the 
  same 
  the 
  sum 
  of 
  eighty 
  thousand 
  dollars 
  cash. 
  In 
  1881 
  

   the 
  firm 
  built 
  a 
  large 
  three-story 
  brick 
  Prize 
  House, 
  44x120 
  

   feet, 
  and 
  since 
  the 
  purchase 
  of 
  Mr. 
  Blackwell's 
  interest 
  Mr. 
  

   Parrish 
  has 
  found 
  it 
  necessary 
  to 
  erect 
  another 
  large 
  Prize 
  

   House 
  50x120 
  feet, 
  thus 
  giving 
  him 
  a 
  combined 
  Prize 
  House 
  

   area 
  of 
  39,840 
  feet, 
  which, 
  with 
  his 
  warehouse 
  56x225 
  and 
  

  

  