While working at Myers, Claghorn and Co., Henry had an offer from the owner of an auction house in Mobile, AL with an opportunity to invest and become a partner if he would move south to Tennessee, which he gladly accepted. Eventually, the partnership he had been promised, was awarded to the son of the owner.

Disappointed and angry at being cheated out of the partnership by the owner, he moved to Pulaski, GA and opened Newhall and Baker, Auctioneers. By this time Henry had 10 years in the Auction business and was a master Auctioneer. He later moved the firm to Nashville, TN. Newhall and Baker also worked as a pawn shop and merchant bankers