Atlanta Years
Peters founded the first Atlanta steam factory, the flour mill at the Georgia RR between Butler and Calhoun (the location of today's Sloppy Floyd office building). Lacking a water power source, the mill had to be powered by wood. Peters purchased 405 acres (1.64 km2), the land lots 80 and 47, for $2,000 to serve as a lumber lot for pine wood. This area later developed as midtown, between North Avenue and 8th St. Later development of this land in the city proved to be the key to Peters' future wealth.
Always interested in transportation, Peters had operated a stage coach line between Atlanta and Montgomery, Alabama. After completion of the Atlanta & West Point Railroad, he moved the northern end to West point and extended it to Montgomery.
Also an avid live stock breeder and horticulturist, in 1854 he established a nursery in Atlanta.
Read more about this topic: Richard Peters (Atlanta)
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