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The company advertised this new development across the
Northeast and Midwestern United States as "the healthiest city in the South," following the installation of a modern water and drainage system, which was thought to ward off disease. The new city saw an initial boom, but slowed soon after due to
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M.D. of New York. Together they and others invested $ 7.5 million toward purchase and development of 5,600 acres (2,300 ha) of land southeast of the city. The company formed a new city as a means of reinventing
Decatur as a progressive manufacturing and transportation center following the war. They
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and gave it the nickname "The
Chicago of the South," referencing its status as a transportation hub, and as a marketing tool toward Midwesterners. New Decatur was designed as a planned community with the help of famed landscape architect
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The founders together and separately were also involved with starting other businesses mills, banks insurance companies in
Decatur and the region. Hiram Bond later became Chief Operating Officer of the
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deteriorating economic conditions. Eventually, though, because of the city's industries and quality of life, many
Americans began to move south to New Decatur and inhabit the city.
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between 1889 and 1891 and was involved in the sale of tens of thousands of acres of resource lands in
Tennessee held as an investment by the Decatur to that corporation.
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was still rebuilding from the destructive results of the war and the outbreak, the
Decatur Land Improvement and Furnace Company, Inc., was founded by Southerners
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was a company which engaged in a planned urban development in the state of
Alabama in the late nineteenth century. On January 11, 1887, as
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New York Times: New life in the old towns of the New South
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125:Decatur Land Improvement and Furnace Company, Inc.
61:"Decatur Land Improvement and Furnace Company"
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202:Real estate companies established in 1887
163:Tennessee Coal, Iron and Railroad Company
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50:adding citations to reliable sources
207:Companies based in Decatur, Alabama
192:Decatur metropolitan area, Alabama
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212:1887 establishments in Alabama
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151:Nathan Franklin Barrett
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146:New Decatur
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137:Hiram Bond
102:March 2010
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