We made sure to go to the famous Peabody Hotel to see the marching of the Peabody Ducks. They make their trip from their roof top palace to the lobby daily to jump into the fountain. This is one of the most popular attractions in the city.
The tradition started in 1933 when the then manager of the hotel (after a few shots of whiskey) thought it would be funny to place his live hunting decoys in the fountain. And so became the tradition of five North American Mallards marching twice daily to and from the fountain. They stay all day in the fountain from 11 AM to 5 PM.
After seeing the ducks we strolled a few blocks away to the Memphis Cotton Exchange. This is a walking tour of the inside of the exchange as well as a block or two of walking on the streets with your I-Pod giving you lots of information. The exchange was founded in 1874 as the merchants found they had a need for a trade organization to regulate the cotton marketing in the city.
They set rules and regulations on how to trade, the grade of the cotton being traded and managed the daily price changes. In 1978 the trading floor was closed forever in favor of computer trading.
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