James Watson, a bookseller and stationer in the High Street, had acquired the ownership of the newspaper company in 1875 but leased the publishing and printing to a professional journalist James Young. Approaches at that time by Allan Smyth to James Watson to enter into joint ownership of the newspaper company were rejected. This led Allan Smyth starting up his own printing business in 1878 and he begn publishing The Peeblesshire Herald, which closed down in 1880 when he eventually became joint owner with James Watson of the Peeblesshire Advertiser.
As can be seen from the notice that subsequently ended the partnership, James Watson's declared interest was 'Bookseller'. It may be assumed that Allan Smyth as 'Printer' was the partner responsible for the development of the newspaper and the expansion of the printing side of business, taking the initiative to established the new printing plant which heralded a major step forward for the publishing company. It was erected on the first floor of T. W. Wallace, an engineering company in the Bridgegate and now the site of the housing complex at Provost Walker Court. In the 1930s there was evidence of the reinforcement made to the floor to take the weight of the printing presses and the ancillary equipment.
When the partnership was dissolved, The Edinburgh Gazette in July 7, 1899, p.67, carried the announcement confirming Allan Smyth as sole proprietor and thereafter the books printed and published carried the imprint 'The Neidpath Press | Allan Smyth | Printer & Publisher | Eastgate | Peebles'. |