Monday, 17 August 2015

McKimmin & Richardson - the Historic Corner


Known for many years as the “Historic Corner”, the site now occupied by the Cowboys Leagues Club at the corner of Flinders and Stokes Streets in Townsville was at one time the most valuable block of land in north Queensland.

The premises of McKimmin & Richardson, situated on the “Historic Corner” of Flinders and Stokes Streets, Townsville, 1915.
Photo: W.J. Laurie, held by CityLibraries.

Originally only comprising a quarter of an acre, the site was sold in 1865 at the city’s first land sale for £120 to a Mr J.A. McLeod.  It sold again in 1874 for only £50, but it was the sale to Mr John McDonald, of Charters Towers, in 1888 that earned the site its historic title.

Mr McDonald paid an astonishing £16 500 for the block, just 14 years after it had sold for £50. Even 50 years later, this was still the record highest price ever paid for land in Queensland, outside of Brisbane.

McDonald was a land speculator who hoped to cash in on the mining boom but when he went into liquidation, he had to sell the land for considerably less than he had paid for it. In 1895 the site sold to two enterprising Irishmen, Robert McKimmin and James Alexander Richardson, for £11 000. Together the pair built up a business that became the largest department store in north Queensland.

A disastrous fire in November 1932 caused £100 000 worth of damage but the business managed to rebuild.  At the request of Mr McKimmin, on the night of the blaze, firefighters concentrated their efforts on a concrete storeroom that housed the firm’s business records, which included lists of people who were indebted to the business. 

The business records were saved, but there was one setback.  On the night of the fire, that day’s list of purchases had not been secured in the storeroom.  A public appeal was made for those who had done business at McKimmin and Richardson’s that day, to come forward with their receipts.  Remarkably, they did.

Mr McKimmin was said to have been “thrilled” with the “sense of fair play” shown by his customers, at this act of honesty.  He felt sure that “not a single person indebted to the firm failed to render a full account of the credit that had been granted to him”.

By the time of the firm’s 50th anniversary in 1938, McKimmin and Richardson’s had grown to have a commanding presence in the heart of the city, with frontage of 100ft to Flinders Street and 198ft to Stokes Street. In 1939, after the death of the firm’s remaining founding partner, Robert McKimmin, the name of the company was shortened to McKimmins Pty Ltd.

As testament to the strength of the trading name, when McKimmins was purchased by Dalgety & Co. in 1949, they decided to carry on the business under the name of McKimmin & Co. 

In December 1960 the business was sold to David Jones. In 1966 David Jones spent £1 million remodelling and expanding the site, which included purchasing and demolishing neighbouring properties, the Queensland Hotel and Armati’s Chemist.

The investment by David Jones was a show of faith in the North’s commercial potential and the revamped department store boasted the first two escalators in north Queensland, which were each capable of moving 5 000 customers per hour.

2 comments:

  1. This picture is the best I've seen of the store my great grandfather, Robert McKimmon (for reasons I've yet to discover,he used the surname of the other side of the family) founded with his partner, Mr. Richardson in 1888. I'd appreciate getting a copy. Peter McKimmin (peterjmck1@att.net)

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    Replies
    1. Hi Peter,
      Thanks for your comment!
      I have emailed you separately.
      Regards,
      Trisha

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