Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-03-17
DOWN the RIvER.
curse Of the C1sy's Fortunes and Pro
gEess Memphis AfsOat And
Going Down South.

Messrs. Stewart Brothers & Gwynne
have been gobbling all the real estate that
lies around loose in their vicinity. Yes
terdsy they closed 9 purchase Of the seVe-
raj lots on the west side Of Shelby, and
between the alley south OF and parallel
have q depth, from shelby to Clinton
street, Of 23S feet, the alley between the
two streets having bsen closed by q decree
of the city council. There are seven
houses, relics OF 3 former age Of civiliza-
ton, on the property. These are TO be
swept away, and in substitution the finest
business houses In the city viii be
erected. The salesrooms viii extend
from Shelby TO Clinton street. Messrs.
FsrgasOn & Clay viii erect & magnificent
building on the northwest corner OF
Geyoso and Shelby streets, aud next to
this Messrs. Brooks & Nicely viii have
their establishment. These two houses
viii go up simultaneously, and undsr q
single contract. Other strong firms, now
further up Front street, are negotiating
for lots next north Of that bought up BY
Brooks & Nselsy, and If these be sold, as
they doubtless viii, the whole square,
from the alley 10 Gsyoso street, viii be
covered by b most attractive mercan-
tile establishments in Memphis. II the
lots be not sold, MesErs. Stewart Brothers
& Gwynne viii themselves erect costly
buildings on them, ike that they occupy
on b east side Of Shelby.
The reason assigned for this migration
southwardof soms ofthe staunehest houses
on Front street, consists in the fact that
they are all anxious TO get as near a. pos
slble to the elevator, and, moreover, since
the nsYy-yard Is not to become the point
Of concentration for all the railroad
freights from the West, Of course drawing
to the same point all Eastern roads, IL is
necessarily concluded that GrsenlaW and
Tom Scott viii have their depository for
freights and landing for railway steamers
below the city.
There are only thres owners now 81 AL
the lots from the alley south of Union
to Mccall street. These gentlemen viii
add fifteen feet to the width OF Shelby
making it, in front OF their property, Of
| equal width with Main street. Again,
our friends in the northern portion OF the
cisy viii discover in this tact the sbsolute
necessity for the rapid diversion of trade
and pc ulation toward the southern dis
tricts Of Memphis. Only yesterday one
Of the largest and most success
full grocery houses shove Mad,
ison street rented az $500, the cor
nsr of the Msguolis block on Union and
Front. Doesn't Pinch see the seeptrl
departing from Judah, and thaG nothing
but the concentration of railroads in thl
nav ~ - RA1N14A ALO AL1AGA u AAAz
center of population TO South street.
Messrs. Cloth Il Katman have contracted
for 3 superb building on Shelby ,immedis
tely opposite the lot bought by Brooks &
Medley. Do not these facts convince
Pinch that 1t should have the navy-yard
appropriated sssswe hsYe sdvisedf E.. Il
Cossett, of New York, owns lis on the
east Of Shelby, from Gsyoso street
south to the Gsyoso hotel. He
IL having plans and specifications
made for q magnificent strUcturE
or this property. Do representatives o
northern wards of the city see nothing II
these facts calculated to make them sdOpt
measures which will insure the concsn,
trstion Of the wealth of Memphis about
the navJsysrd7 Memphis is going dOWI
ths river with q rapidity not known fol
for fifteen years past; and yet while the
/ center Of wealth and population is thus
moving away from Pinch and Chelses
representatives from those districts arS
hstless and inactive. The Exchange
Building in five years will be- 80 far from
Memphis thst an inhsbitsnt of the city
prOpsr cannot see il with Lord Ross's tel
l escope.