In 1837 the Barber brothers, including William and James, purchased land and the woolen mill and foundry from Kennedy in 1837; they renamed the settlement Georgetown. The brothers started the paper-making industry in 1854, using electricity produced by a dynamo at the Credit River. Their products included large volumes of wallpaper. John R. Barber's home, Berwick Hall, still stands at Main and Park Streets. The business prospered for over 100 years. Other entrepreneurs arrived including Philo Dayfoot in the early 1840s, who started the local leather industry. In the 1850s, George Kennedy subdivided his land into small lots for sale to new settlers.