Richard Peters (Atlanta)
Richard Peters was the son of Richard (1780–1848) and his wife, and the grandson of Judge Richard Peters, Jr. (an associate of George Washington). He was born near Philadelphia at Germantown, Pennsylvania. His father was appointed as the fourth Reporter of Decisions of the United States Supreme Court.
The young Peters was educated in Philadelphia. He worked with the architect William Strickland and as a rodman with John Edgar Thomson for $1.50 a day. Thomson liked the 26-year old's work and in late 1834 offered him a job as chief engineer for $1000 a year to help with construction of the new Georgia Railroad.
Peters paid one hundred dollars for a rough paddlewheeler trip into camp near Charleston, South Carolina in the brutally cold February 1835. He worked the state railroad the eight years it took to complete it from Augusta to the new town of Marthasville, Georgia. During this period, he developed what became a lifelong friendship with Lemuel P. Grant; they both bought land in the new town.
When the railroad was completed, Peters was hired as superintendent. In that position he heard many complaints about the name Marthasville, which people thought took too long to write in log books, freight records, etc. He traded letters with Thomson on the subject and, when the latter suggested Atlanta, Peters began printing up thousands of circulars to distribute from Augusta to Tennessee advertising the new name. It was officially changed in December 1845.
Marriage and family
Peters built a home in Atlanta, and was married there in 1848 to Mary Jane Thompson, the daughter of the early settler and doctor, Joseph Thompson, and his wife. He and Mary Jane had several children together, including two sons, Edward and Ralph, and a daughter, Nellie, who also became prominent.
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.
In early 1861, he sold the steam engine from his mill for $12,000 to be used in the Confederate Powderworks at Augusta. He was the civilian transportation agent for all Atlanta railroads, which were critical to supplying the CSA. He contracted with the blockade running Crenshaw Company, supplying cotton by rail in exchange for foodstuffs. During the American Civil War, Peters remained in Atlanta until a few days before the invasion of Union General Sherman's army.
By the time of the Battle of Atlanta, he and his family had moved to Augusta, where they stayed until April 1865. After Sherman left Georgia in December 1864, Peters hired James R. Crew to repair the 24 miles (39 km) of destroyed Atlanta and West Point Rail Road; Lemuel P. Grant worked to repair the nearly 100 miles (160 km) of wrecked Georgia Railroad. By April, the war was over, and rail service was restored to Atlanta.
With new migrants flocking to the boomtown of Atlanta, Peters began to subdivide his north Atlanta land, first by laying out roads: north/south streets were named by trees (myrtle, juniper, apple, etc.) to match the naming of Peachtree Street. He threw in Penn to harken back to his Pennsylvania roots. The east/west streets were numbered, starting with 3rd St. (since North Avenue and Ponce de León were long-since named) and ending with the northernmost extent of his property, 8th St.
He built his final home on the highest part of his land: the block bounded by Peachtree, 4th, Cypress and 5th streets. In 1884 Peters sold 180 acres (0.73 km2) surrounding W. Peachtree to Kimball for $1,000 an acre to create Peters Park, a development that eventually failed for lack of sales. In 1887 he sold 5 acres (20,000 m2) of his remaining holdings to the state for $10,000 and donated another four acres to help found the Georgia School of Technology.
He left a million dollar estate (convert to current value). Of his two sons, Edward stayed on the estate and built Ivy Hall, now listed on the National Register of Historic Places. Ralph moved to New York, where he became president of the Long Island Rail Road.
Peters is buried in Oakland Cemetery, in Atlanta.
- Carson, O.E., The Trolley Titans, Interurban Press, Glendale, CA, 1981, p.8
- Nellie Peters Black (ed.), Richard Peters, his ancestors and descendants: 1810-1889
- Nellie Peters Black (1851-1919)
- Interesting Facts About Atlanta
- Edward C. Peters House