The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-07-15
MEMPHIS CAPITAL
IS COMING HERE
viii Build Mountain Terrace
Residence Section
.PRETTIEST IN THE SOUTH
Memphis Players Discuss the Deael
Which Interests Three of Their
Prominent Men In Blr-
mineham Dirt.
.PRETTlEST IN THE SOUTH

As an evidence OF this, X. Brinkley
snowden, ]. Bayard snowden and T. o.
Yinton, capitalists and prominent men
of Memphis. will spend about 100000
in making Mountain Terrace, a new
residence section on Red mountain near
the Country club.
1t is considered quite a feather In
the cap of Birmingham that they should
leave their own city with such a sum
of money and come to Birmingham to
| invest it. They are interested with
Robert Jemison, Jr, president of the
Commercial club, and w. Hill Fergu-
son, both young men who are attract
ing considerable attention in the bust
ness world of Birmingham.
One of the Memphis papers has the
following to say about the matter:
Memphis End.
The most prominent real estate move
ment in the south this week is the def
mite announcement that over 100000 of
Memphis capital will be spent this sum-
mer in completing and finishing the
highest grade park place subdivision yet
undertaken In this section at Birming-
ham.
The Memphis operators are r. Brlnkley
Snowden, ]. Bayard Snowden, T. o. Vim
ton and others. Associated with them are
Robert Jemson, Jr.. Hill Ferguson and
prominent citizens of Birmingham.
They have organized the Mountain Ter
race Land company and chartered 1t
under the laws of Alabama, with a cap
ital stock of $4,000 for developing and
completing Mountain Terrace, rugged
gem of beauty that nature planted on
slope of Red Mountain, an eminence
overlooking Birmingham. The spot revels
and riots in attractions that need but
little finish to make 1t one of the most
exclusive resident parks Of America And
for months past the Memphis men, who
have a national reputation as subdivision
experts, have been planning to convert
this beautiful place into a fairyland of
residence charm. When finished this fall,
Mountain Terrace will represent an out
lay of over 100000. And Memphis, which
has been improved and beautified by two
splendid subdivisions of these two ex-
pert operators at a cost of some $4,000
will certainly envy Birmingham this de-
velopment and the latter city will derive
results that are simply incalculable from
this model place,
Their Work In Memphis.
The officers of the Mountain Terrace
Land company are Robert Jemison, Jr.,
president; T. o. Vinton, vice president and
general manager; Hill Ferguson, secre-
tary r. Brlnkley snowden and J. Bayard
Snowden are directors. Mr.. Jemison is one
of the prominent men Of Birmingham,
identified with the Commercial club and
heart and soul in many legitimate under
takings for the development of Birming-
ham.
As to Messrs. Snowden and Vinton,
they are men of large wealth. great bust
ness ability, and unquestionably the most
thorough subdivision experts in the
south. They pioneered here the first of
the great residence subdivisions at An
nesdale park, making from its gullies and
ravines the park which is now the swell
est residence district of Memphis at
cost of about $16S, 600. Where three years.
ago were taxable values of only $4,000,
there Is today a representation of over
$780, 900 betterment for Memphis, besides
the addition of the splendid class OF citi-
zenship and model conditions. Last year
they followed this up with South Annes-
dale Park. completed at a cost of $4,000,
and even eclipsing Annesdale. Directly and
Indirectly with these subdivisions, and
their imitators. they contributed at least
several millions betterment for the city of
Memphis. And Birmingham can expect
the same results.
Mountain Terrace contains some forty
acres similar In size to Annesdale Park.
located on a continuation of Highland
avenue which is said to be one of the
SWEETEST residence streets In the country,
paved with bitulthic. 1t is right on the
side of Red mountain. adjoining the fam
Gus Birmingham Country club, one of
the finest in the south. The slope is
rugged, with outcroppings OF rock. and
covered with such a wealth of second
growth woodland that over thousand
trees will be culled from the park
Perfect improvements.
The gem of the place Is a magnificent
spring which has a straight fall of over
twenty feet, and is a picturesque scene.
This beauty will be treasured in little
park of its own for the delight of the
future residents of Mountain Terrace. The
two-mile circle drawn from the center
of the city runs through the middle of 1t.
1t is about as far out as Annesdale park.
The men will incorporate In finishing
the following improvements:
Every street paved with bithulitic pave
ment No other subdivision in the south
can boast such paving.
Magnificent private system of street
lighting, since Birmingham is deficient in
this matter Granolith surbs, cutters, side
walks.
Street car line through the park.
City water.
Gas and electricity
First-class sewerage.
Every modern improvement that art
suggests.
A great winding street eighty feet wide,
will traverse the full length of the prop
erty, with cross streets sixty feet in
width. The park will be so arranged that
the streets will be private for Its resi-
dents.
The lots will be larger than regular size
on account of the parking. The park has
already been surveyed and plated. as the
preliminary work was begun in February.
This was done under the direction of an
expert landscape artist from New York,
who spent month in Birmingham with
the local engineers in charge.
Large Contracts to Be Let.
In the expenditure of this immense sum
some large contracts will be let. The
managers have been requested by paving,
granolith and other contractors from
Birmingham and outside cities for specifi-
cations in order to bid
Mountain Terrace will be made as near
perfect as money. brains and human IN
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