When this picture was taken it was still down at Bonner's Point, Bath. It sold Texaco products and Firestone tires. Two young girls standing on each side of the monument. Who they are is unknown to me. Shipyard was down on Back Creek on the Draper Farm where he repaired his stolen vessels in olden days.
Draper is most likely the man who took the photos.
The tar was used to help fill in gaps in the wood in the hulls of the ships to keep them from leaking. The old wooden bridge crossing the creek.