the new farm's lowlands, and tenant farming followed, with dairying and small crops. Early resident Richard Jones acquired in 1847, and called it "New Farm". Later Jones would become the first Brisbane person to be a Member in the New South Wales Legislative Council (prior to the separation of Queensland in 1859). In 1846 the Moreton Bay Jockey Club moved its annual race from Coopers Plains to land at New Farm owned by Thomas Adams. This land included Eastern Suburban Allotments 22, 28, 29 and 30, located at the south-eastern corner of the New Farm peninsula. The first (members only) meeting was held in May 1846, and public attendance began at the 1848 three-day race meeting. By 1849 the "Brisbane Races" were being held over the Christmas-New Year's period. The race meetings moved to Eagle Farm in 1861. Opinions vary as to the exact location of the racetrack itself. During the 1880s the land once owned by Thomas Adams was marketed for subdivision as the "Old Racecourse Estate", but allotments 28 to 30 included both the site of New Farm Park, as well as the land to the north of the small creek that formed the park's north-eastern boundary. In 1895, Merthyr Road was known as "Old Racecourse Road", and in 1913 the annual report of Henry Moore referred to the "old racecourse paddock" that was to become "New Farm Park". A 1925 aerial photo (John Oxley Library) appears to show the remains of the track on the site of the Colonial Sugar Refining Company Refinery and the site of the Powerhouse, intersected by Lamington Street near the river. As horse racing disappeared from the area, suburban Brisbane was growing. The Municipality of Brisbane was formed in 1859, and the small farms of New Farm gave way in the 1870s to the residences of Brisbane's elite. Sir Samuel Griffith purchased bounded by Sydney Street and Moray Street in 1870, and built his residence "Merthyr" in 1881 (demolished 1963). Low-density residential development was also occurring in James Street, Brunswick Street, and Bowen Terrace by 1879. In 1884, suburban development was mainly contained within the Moray Street, Merthyr Road, and James Street area. Many estates were subdivided during the 1880s speculative boom, but they were not necessarily built on. This included the old racecourse lands, which had been resumed by the Australian Bank of Commerce. They were marketed as the "Russell Association