The Colvin and Reece Hardware Store stood two door north of the present day Morganson Frame Shop on Payson's Main Street. It was one of the main businesses on Main Street for many years. It went out of business shortly after the failure of the Payson Savings and Loan in 1924. The Forsey Family purchased the building in 1928 and established the Ben Franklin Store. The name was later changed to Forsey Variety Store. After the building to the north was vacated by the U. S. Post Office, Forsey's opened up their store to include this area. In the early 1970s the two buildings were remodeled and incorporated into one larger building. After Forsey's closed the building later housed a children's clothing store, a gym, and currently a second-hand store.
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