Setting up a store and naming the place after himself, Calder reasoned that the rural farmers would much rather do business in Caldersburgh than pay the twenty-five cents for the ferry over to Coshocton.

The Ohio and Erie Canal, which provided cheap transportation for people and goods, granted great economic development for communities along the waterway.

With its status as the fourth largest wheat port on the canal, Roscoe's prosperity ignited a chain of businesses in the area, including a blacksmith, a cooperage, a hotel, a mill, and several stores.

In 1960, the idea of historical restoration in Roscoe came to prominence at the presentation of the Canal Days mural the distinguished American artist Dean Cornwell painted for Coshocton's 1961 Sesquicentennial Celebration.

Fascinated and inspired by the painting, retired Coshocton industrialist Edward E. Montgomery, and his wife, Frances, purchased the 1840 Toll House in August 1968, thus beginning the restoration of Historic Roscoe Village.