The building is sometimes referred to as the Glasgow Bank building but the only reference that can be found is in a book written by Francis A. Cooch, Little Known History of Newark, Delaware and its Environ�s. In his books he admits to the lack of proof that it was ever a bank. �Mute testimony to the effect that it was so used, is given in the form of a copper token which was dug up in Mrs. Frazer's garden about ten years ago. It is about fifteen-sixteenths of an inch in diameter, smooth on the reverse but on the obverse bears the inscription, "J. Randel, Jr., C. & D Canal," surrounding a wreath enclosing the date "1825." These tokens were given to workers on the C&D Canal, to be exchanged for money. There exists today a tradition, that Randel had cached the sum of $100,000 in or about the old Banking House.

The early deeds only refer to the building as �Mechanics Row� or a Taylor Shop. Around the time it was built the area we now call Glasgow was being called Aikentown. Mathew Aiken who�s brother first ran the Tavern called Aiken Tavern, had bought several acres with the hopes of building a planed village. The New Castle and Frenchtown Turnpike was built in 1812 and passed directly in front of Mechanics Row. The Turnpike then made a sharp turn south down the west side of the building. The sharp turn was called the �Devil�s Elbow"