The society was founded in 1832 by Ferdinand Keller as a scholarly society of the urban middle class.
In 1897 stones of the ruined building (believed at the time to be those of a medieval castle) were used for the construction of a factory nearby; the dilapidation was stopped by the Antiquarische Gesellschaft in Zürich in order to start archaeological investigations, carried out between 1898 and 1908, and to preserve the walls.
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