Hoorn's heyday as a shipping centre is long gone, but the imposing statue of Jan Peterszoon Coen , founder of the Dutch East India Company, still watches over the Rode Steen (Red Stone or Fortress), the square named for the blood that once flowed from the gallows. On the northeastern side of the square, the Waag , the 17th-century weigh house, has a carved unicorn, the town symbol.