Decatur Land Improvement and Furnace Company

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Decatur Land Improvement and Furnace Company, Inc. 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 Decatur, Alabama 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 Eugene C. Gordon, C.C. Harris, and W.W. Littlejohn, and Northerners Hiram Bond and William E. Forest 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 named their new city New Decatur 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 Nathan Franklin Barrett.

Decatur, Alabama City in Alabama, United States

Decatur is a city in Morgan and Limestone counties in the State of Alabama. The city, nicknamed "The River City", is located in Northern Alabama on the banks of Wheeler Lake, along the Tennessee River. It is the largest city and county seat of Morgan County. The population in 2010 was 55,683.

Major Eugene C. Gordon was a railroad construction engineer, Confederate Officer in the Civil War and subsequently founded and led Decatur Land Improvement and Furnace Company, Inc. which developed the area near Decatur, Alabama which was for a period of time a separate municipality Albany, Alabama.

Hiram Bond was born May 10, 1838 in Farmersville, Cattaraugus County, New York and died in Seattle March 29, 1906. He was a corporate lawyer, investment banker and an investor in various businesses including gold mining. His family are descended from William Bond (Massachusetts) an early 17th-century immigrant from Bury St. Edmunds in East Anglia. He was the son of Hiram Bond M.D. and Almeda Slusser and was married to Laura Ann Higgins. He had two children- Louis Whitford Bond born in New York City, New York in 1865 and Marshall Latham Bond born in Orange, Virginia in 1867. He attended Rushford Academy, Rushford, New York, and earned a bachelor's degree from Hamilton College. He earned much of the money for his own education as a distributor of maps and atlases. Among his successes were becoming a publisher, and taking over the rights to a map of the United States which had been prepared by Matthew Fontaine Maury, a Southerner who was a United States cartography officer. Maury, who decided to join the Confederacy, had left the work unpaid for in New York. He matriculated at Harvard Law School, but before graduation he was hired as a law clerk by Chauncey Depew, a friend and neighbor of his father in law Michael Dunning Higgins of Peekskill.

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 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.

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 Tennessee Coal, Iron and Railroad Company 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.

Tennessee Coal, Iron and Railroad Company

The Tennessee Coal, Iron and Railroad Company (1852–1952), also known as TCI and the Tennessee Company, was a major American steel manufacturer with interests in coal and iron ore mining and railroad operations. Originally based entirely within Tennessee, it relocated most of its business to Alabama in the late nineteenth century. With a sizable real estate portfolio, the company owned several Birmingham satellite towns, including Ensley, Fairfield, Docena, Edgewater and Bayview.

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