The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-09-23
PROGRESSIVE MIAMI.

No bond issue for improvements in Miami has
ever been turned down. And Miami is becoming
noted not only in Florida, but throughout the United
States for the number OF public improvements and
as city OF homes, and in the wintertime has be-
come one of the nations winter Fairgrounds where
millionaires do abound delight to consregate for
the health and refreshment of body and SOUL
The Chamber of Commerce of West Palm Beach
Is doing some judicous advertising, in. the Palm
Beach newspapers and in display advertisement
calling attention to the fact that pays ad
vertise your city by bonding for public improve
ments The advertisement is headed A Word the
Wise. and calls attention the fact that Miamrs
indebtedness is nine per cent OF it's assessed val
uaton, against bonded Indebtedness of West Palm
debtedness being $766 per capita, and that of West
Falm Beach, $24. West Palm Beach was begun
before Miami much name. Miami
three times the size of West Palm Beach.
through West Palm Beach. Many of those who
helped build Miami located in West
Palm Beach.
No bond issue in Miami for improvements In
may read.
This is the gist OF the Palm Beach advertisement.
And additional force is given to this propaganda.
in the following editorial excerpt from the Miami
Metropolis
Ten million. hundred and ffty-four thou
sand. hundred ninety-thre dollars in the banks
of Miami. More four million dollars in excess
of the money in Miami banks year ago!
Il
How did it get there and why does it remain in
Mami7
The answer easy. 1t is money financing the big
building program in progress here 1T is money
lying ready for investment in Miami real estate and
Miami securities; it is the savings of well-paid la
boring men; it is the deposits of prosperous mer-
chants and material dealers who are dsposing of
enormous quantities of supplies; 1t is money banked
by Dade county farmers and fruit growers who had
good crops winter; it is money from numbers of
Industrial concerns that growing and prospering
along with the growing city.
And why does it remain in Miami?
1t remains Miami because money produces
money here and will produce money he.e, just so
long as people buy estate, erect buildngs plant
groves. cultivate farms, or in other lines PRODUCE
something that is needed fancied, by other peo-
pie who have money to spend.
Capital attracted to Miami first by this
matchless climate and through all time to come it
would this matchless climate is to be the
loadstone for attracting to this lowest East Coast
country people who want comfort and good health
and outdoor pleasures.
Next capital was attracted to Miami by the op
portunites exploiting climate. for exploiting
SOIL for the exploiting of countless natural ad-
vantages that need only intelligent recognition and
PUSH to make them money producers. to make
them industries for the employment of men and
And now Miami has reached a size and impor-
lance that makes it all-around city with varied
enough interests to make 1t attractive home place
to draw upon ever-broadenng source of dollars
for deposit in Miami banks-for expenditure among
Miami people
Had the building operations been stopped during
the recent labor trouble large amount of this
money would have been withdrawn only from
circulation in Miami, but withdrawn from Miami
banks Payrolls would have stopped; and savings
accounts would have become checking accounts
Miami. in short, would have been crippled in
degree that only be appreciated by people who
realize that those nearly eleven million dollars in
Miami banks for the most part Faith Dollars"
faith In the future of Miami, faith in the greases
city that is arriving fast.