In 1833, Samuel B. Lee and James Gould built the furnace as part of an ironworks that employed hundreds. They located here due to the proximity of the raw materials needed to produce iron - iron ore, limestone, sand, wood for charcoal to fuel the furnace and water to power the air blower that intensified the heat. In 1835 it ceased operation due to a shortage of economical iron ore. The furnace stands as a reminder of an early industry that employed many Hickman Countians. Interstate 40 runs right behind this furnace on the National Register of Historic Places and is accessible from the Bucksnort exit along highway TN230.
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