The Palace Saloon claims the title of the oldest bar in Florida and the last American tavern to close during Prohibition. Josiah Prescott built the structure, which opened in 1878 as a haberdashery. But, Louis G. Hirth purchased the structure in 1903 and converted it to the Palace Saloon. The establishment was apparently a favorite haunt of famous socialites, including the Carnegies and the Rockefellers. On the eve of Prohibition began, the bar apparently reported $60,000 in bar receipts, supposedly the most profitable day for the establishment. The establishment survived the dry era as an ice cream parlor until 1931 when the booze began flowing again,