Built c. 1830, this unpretentious frame structure is probably Bridgewater's oldest extant office building. It has significant historical associations with Carver, Washburn and Co., a leading 19th century cotton gin manufacturer. During the first half of the 19th century, this company's influence was world-wide in scope. Its founders, Eleazer Carver, Nathaniel Washburn and Artemas Hale were among the town's leading businesses and political figures.

Eleazer Carver was born in Bridgewater in 1785. During the early 1800's he travelled extensively throughout the South—in the course of his travels he acquired a knowledge of the cotton business and "examined a model of the Whitney Cotton Gin in
Washington before the burning of the Capital." He returned to Bridgewater in 1817, worked briefly for the Lazell, Perkins Iron Works and greatly improved the cotton gin. In 1820, he became associated with Artemas Hale and Nathaniel Washburn in the enterprise which became known as Carver, Hale and Nathaniel Washburn & Co. By the 1830's the Carver gin had become "the leading machine throughout the South." The company's main building was located near Carver Pond. Its "in-town" offices were conveniently located next to the Bridgewater Inn—known for many years as "Squire Hale's store" this structure is labeled C. & W. Co. on an 1852 map—4 years after the company was dissolved by Eleazer Carver. In 1879 B.T. Crocker's Drugstore was housed in this building. An 1896 insurance map indicated that this building contained a "Drug store, office and express offices." During the early 1900's, Hosea Kingman, an influential attorney and landowner owned this property. By 1910 the Cholerton Insurance Agency was located here.