Phineas Moulton came to Randolph around 1788, and in 1793 he settled on prime farmland on the east side of the Third Branch of the White River. In 1867 his grandsons, Gilman S. and Clarence F., both New York City financiers, returned to redevelop the property into the Moulton Stock Farm, breeding Messenger trotting horses with some eighty head by 1880. The brothers switched to dairying (though they retained thirty-five horses), and built a creamery and new stock barns for their herd of two hundred Jersey cattle, including one hundred and fifty milk cows. To accommodate the herd, they acquired several neighboring farms, bringing their total acreage to more than one thousand. Organized as the joint stock Green Mountain Stock Farm Company, they produced butter for New York City restaurants. Their products were renowned, winning the first prize and gold medal for butter at both the Exposition Universelle in Paris in 1889 and the World's Columbian Exposition in Chicago in 1893. The farmhouse that the brothers updated, along with a number of the original stock barns, has been remodeled into the Three Stallion Inn on Stock Farm Road. To the north, on one of the farms they acquired, is one of the barns they built for their dairy cattle, with its gable-end hay mow and wagon entrance facing the road. It is trimmed with peaked lintel boards over its windows and doorways and has a triple-arched rooftop ventilator cupola. It stands today as an unaltered high-style example of the two-and-a-half-story, wood-frame bank barn popular east of the Green Mountains.