Preston was a frontier town on the high bluff in the Washita Bend of the Red River, a site near modern Pottsboro, Grayson County. The community grew up around a trading post established by Silas Cheek Colville and Holland Coffee about 1837. The town plat was surveyed by William H. Hunt in 1845. It was long thought that a Capt. William Gilwater Preston accompanied the Military Road expedition of 1840–41 and established a Fort Preston. This now seems in doubt, and the origin of the name is obscure.
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