The Gilman family began trading as far as the West Indies with ships they owned out of Portsmouth. It was a high-stakes business. In an 1803 voyage, for instance, the 180-ton clipper 'Oliver Peabody,' owned by Gov. John Taylor Gilman, Oliver Peabody, Col. Gilman Leavitt and others, was boarded by brigs belonging to the Royal Navy under command of Admiral Horatio Nelson. Enforcing a blockade against the French, Nelson offered ship Captain Stephen Gilman of Exeter a glass of wine and paid him for his cargo in Spanish dollars. The trip demonstrates how far afield the ambitious merchants of Exeter reached in their trading forays.
Exeter suffered its last Indian raid in August 1723 and by 1725 the tribes had left the area. In 1774 the rebellious Provincial Congress began to meet in the Exeter Town House after Colonial Governor John Wentworth banned it from the colonial capitol at Portsmouth. In July 1775, the Provincial Congress had the provincial records seized from royal officials in Portsmouth and brought to Exeter as well. And so Exeter became New Hampshire's American Revolutionary War capital, an honor it held for 14 years until Concord assumed the role.
In 1827, the Exeter Manufacturing Company was established beside the river, using water power to produce cotton textiles. Other businesses would manufacture shoes, saddles, harnesses, lumber, boxes, bricks, carriages and bicycles. In 1836, the last schooner was launched at Exeter. In 1840, the Boston & Maine Railroad entered the town.
According to former governor Hugh Gregg, the United States Republican Party was born in Exeter on October 12, 1853, at the Squamscott Hotel at a secret meeting of Amos Tuck
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