Alvaro Adsit, a Burlington Merchant of renown, placed his second home on the high bluff on the north side of the Point. His first choice of lots was on the south side of the Point, more conducive to his grand style of building and racing sailboats, the largest of which was the beautiful "Sandalon". his fine work as an amateur photographer and as the Commodore has preserved the history of the Lake Champlain Yacht Club. His choice of builders was superb as Clayton Gove, the son of Moses Franklin Gove of East Charlotte, had built several houses at Cedar Point where all the Goves spent their summers.
Alvaro was said to have tested the entire Point for the "good wind" and selected a two-lot location adjacent to the Atwoods (presently Illicks). The Adsit family continued ownership until 1947 when Col. Elbridge Colby and wife Margaret purchased the property. In the later Adsit years, Guy Cheng, a Davis Cup entrant from China, occupied a small outbuilding which is still on the property. He provided volunteer tennis instruction to Point youngsters, instilling a sense of joy in his - and their - work.
The Colbys came up from "Bonnie View" on the south shore, a camp built by Professor Charles Colby of New york City. Having spent summers at the point, and himself and excellent swimmer, Elbridge Colby was inspired to hold swimming races. He also organized the now traditional Fourth of July parade, using the story of a small boy at independence Hall. "Ring, Grandpa, Ring" was the rallying call for son William Egan Colby and daughter-in-law Barbara and their five children, and, in time, a host of the Pointers. The march, starting at the Clubhouse, goes down Colby path and along the shore to the old Ti dock where celebrants hear a speech and try group singing, all with the waving of flags ad the sounds of a variety of noisemakers.
The Colonel led a formidable battle to insure retention of the apostrophe in "Thompson's Point". He won a favorable ruling from the State Library Board over U.S. Coast and Geodetic Survey bureaucrats where were striking out all kinds of grammatically correct designations. So high was the fever, so well publicized the issue in the early 1970's, that a sign on Greenbush Road read "WORM'S".
Paul Tetor, a one time State's Attorney in Addison County and later in Washington DC, and his wife bought the house in 1973. They enjoyed aquatic adventures on their Alcort Sailfish and organized Sunday races which attracted many small craft sailors from the area.