Site of Binkley Hotel
Historical marker location:Site of Binkley Hotel
In the 1870s, a joint stock company was organized to construct a hotel in Sherman. One of the largest stockholders was Judge C.C. Binkley, a community leader for whom the hotel would be named. Binkley was also president of the Merchants and Planters (M & P) Bank, established in Sherman in 1872.
The first two hotels at this site burned, and the second fire was reportedly set to cover an attempted robbery. The next hotel was built by the Sherman Hotel Company and operated by bank president C.B. Dorchester. The bank, then the Merchants and Planters National Bank, served farmers, ranchers, counties, and Indian tribes, becoming a financial hub for Texas and Oklahoma, and the close ties between bank and hotel attracted and accommodated business in the growing community. The Sherman Opera House, which brought in touring dramatic companies, added to the list of popular and prominent men and women who visited the hotel. Ladies would enter on the north, at the carriage entrance, and avoid passing the bar on their way to receptions in the dining room of the three-story hotel. Former president William Howard Taft visited Sherman in 1919 and spoke briefly from a wrought-iron balcony on the hotel's north side.
The hotel's name changed to Texas Hotel in 1947. The third and final Binkley Hotel building burned in 1967. During its many decades of operation, the business contributed to Sherman's development. The hotel, bank and opera house together formed a unique, functionally integrated business, civic and cultural complex. The hotel served the many guests of the bank and opera house and was a popular spot for travelers as well as local residents.
(2002)
As one of the most visible programs of the Texas Historical Commission (THC), historical markers commemorate diverse topics in Texas history, including: the history and architecture of houses, commercial and public buildings, religious congregations, and military sites; events that changed the course of local and state history; and individuals who have made lasting contributions to the state, community organizations, and businesses.
The state of Texas was once an independent country known as the Republic of Texas. It gained independence from Mexico in 1836 and was a separate nation until it was annexed by the United States in 1845.
The county itself was established in 1846 and named after Peter Wagener Grayson, a lawyer who served in the Texas legislature. Grayson County quickly grew as settlers moved into the region, attracted by the fertile land and opportunities for farming and ranching. The county's economy flourished with the arrival of the railroad in the late 1800s, which facilitated transportation of goods and boosted trade in the area.
During the Civil War, Grayson County largely supported the Confederacy, and many residents volunteered to serve in the Southern army. After the war, the county faced challenges as it struggled to rebuild and recover from the economic and social impacts of the conflict. However, the discovery of oil in the early 20th century brought a new wave of prosperity to Grayson County. Oil fields were developed, attracting workers and boosting the local economy.
Today, Grayson County continues to thrive as a vibrant and growing community. It is home to several cities, including Sherman, the county seat, and Denison. The county is known for its natural beauty, including Lake Texoma, which is a popular destination for outdoor activities such as boating, fishing, and camping. Grayson County also boasts a rich cultural heritage, with numerous historical sites, museums, and festivals that celebrate its unique history and traditions.
Grayson County Timeline
This timeline provides a glimpse into the major events and milestones that have shaped the history of Grayson County, Texas.
- 1836 - The Republic of Texas is established, including the area now known as Grayson County.
- 1846 - Grayson County is officially organized and named after Peter W. Grayson, a hero of the Texas Revolution.
- 1850 - The first courthouse is built in Sherman, becoming the county seat.
- 1871 - The arrival of the Missouri, Kansas and Texas Railroad sparks growth in the county.
- 1872 - Sherman is incorporated as a city.
- 1896 - The Red River Bridge, connecting Grayson County to the Oklahoma Territory, is completed.
- 1900 - The population of Grayson County reaches over 40,000 residents.
- 1930s - Grayson County is affected by the Great Depression, but starts recovering through federal programs.
- 1960s - Lake Texoma is created by the Army Corps of Engineers, providing recreational opportunities.
- 1990s - Grayson County experiences rapid growth due to its proximity to the Dallas-Fort Worth metroplex.
- 2006 - The Grayson County Courthouse, built in 1910, undergoes major renovations.