The story of those stirring times reads like a bit of romance. The tide still ebbs and flows at Derby Street, lapping the piers much as it did a century ago, when ships four tiers deep lay tied up at the now deserted wharves. The crews were boys, many of them, sons of the merchants, who, from sailing before the mast, rose rapidly to positions of importance, becoming captains of their ships at an age when the lads of to-day are just leaving school. Like a dream seems the life of long ago. No more, save in imagination, do we see the jolly sailor lads with sea legs on, bowling along Derby Street, bound for Kit's Dancing Hall, there to indulge themselves in merry dance or quench their thirst at the flowing bowl. The Old Inn or Ordinary has long since passed away, as has the lumbering stage and jolly drivers, who snapped their whips and cracked their jokes around a cheerful, open fire while waiting for the incoming ships. The large, square homes of yesterday are now degenerated into tenement houses. Three of the most prominent merchants of that day were William Grey, Joseph Peabody, and Elias Hasket Derby. They owned the greater number of the ships that sailed to foreign ports, and their names are household words. On the wharves still stand their old counting-houses, now put to other uses. [Illustration: PLATE II.--Doorway, Oliver House, Salem, Mass. Built in 1802.] With the decline of commerce and the decrease of shipping, the tide of building turned inland. Large, imposing houses were erected in other parts of the town. Elias Hasket Derby chose as a site for his new house what is now known as Derby Square. The estate was a large one, terraced to the water's edge. The house was of wood, three stories in height, and costing eighty thousand dollars. Much of Samuel McIntire's best wood work was used here. Not many months after its completion, the owner died, and his entire estate was sold. The house was torn down, much of the timber being used in other houses that were in the process of building. Captain Cook was at that time erecting for his daughter, who married Henry K. Oliver, a stately home on Federal Street. Into this were introduced some of the best specimens of the wood carving. This mansion was a type that came into prominence at the close of the Revolutionary War, a large, square house, three stories in height, showing in exterior finish many of McIntire's best designs. The gate-posts on either side of the little picket gate were especially carved for the old Derby Mansion, as were the classic columns that support the porch. Not only outside the house but inside as well, one comes across McIntire's wonderful carving. Step over the threshold, enter the spacious hallway, that like most constructed in that day extends entirely through the house and opens on to an old-fashioned garden beyond. Here the door frames and stairway show the master's handiwork. The broad landing is lighted by a window especially designed.