"Go west young man, Go West!", was credited to Colonel Isaac Peyton in his obituary after his death in 1913. Issac N. Peyton was born in Danville, Illinois in 1842. He then settled in Cheney in 1874.

His first money in the area was made from agricultural properties. He had extensive interest in the diversified ranching, including orchards, wheat, livestock and poultry. He also invested his money in northwest mines, especially heavy in the LeRoi mines.

Shortly after the great fire in 1889, he began purchasing Spokane properties. In 1898, he acquired the Great Eastern Block, which is now the Peyton Building, and developed what was called Morgans Addition to the City. Colonel Peyton subsequently acquired the Hogan Block, south of the Great Eastern and remodeled that building to match the then five story Peyton Building. The Morris Block, on the northeast corner of Sprague and Post was also acquired by Colonel Peyton. In 1909 a building known as The Gables was demolished and part of the salvaged brick was used to increase the original Peyton Building to seven stories. Colonel Peyton acquired the property to the east on Sprague with the plans to build a seven story building on that site. A foundation was built, along with a two story building, but was never completed due to Colonel Peyton's death in 1913. The site was sold in 1916 to J.M. Corbet and has since been demolished.

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