Town of Deposit, NY Website
Town of Deposit, NY Website

Deposit is situated in the valley of the Delaware, sixty miles from its source, nestled among mountains which surround it on all sides, with their summits nearly a thousand feet above the bed of the river. (Illustrated History of Delaware County 1880).

The name Deposit was logical because in early times vast quantities of pine lumber were drawn in winter on sleighs, from as far away as the Susquehanna, and deposited on the banks of the river here to await the Spring high waters when the logs were fashioned into rafts sometimes as large as 200 feet in length, and taken to Philadelphia's market. This was in most cases the only cash income for these early settlers, who did business the rest of the year by bartering and the giving of notes of promise to pay.

http://www.villageofdeposit.org