The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1926-09-20

Hollywood. one of the worlds most
beautiful cities, which United Press
dispatches say was leveled by the
hurricane Saturday. was born in In.
dianapolis. OF the brains of Indian.
apolis men.
Joseph w. Young, founder of
Hollywood, was in indianapolis Mon
day and Tuesday of last week. call
ing upon business associates and old
friends. He left the city for New
York with dreams of further golden
expansion in Florida.
Young came to indianapolis dur
ing the World War period from
California. He was instrumental i'll
the promotion of Long Beach and
Hollywood, Calf.
With small capital, Young organ.
lied the Homeseekers' Realty Com
pany here and promoted several sub
divisions.
Young on Way
Young, who planned to take a
party to the Dempsey-Tunhey fight
at Philadelphia, Pa. Thursday night,
chartered a special trai nand left for
Hollywood on learning of the dis
aster, according to o. c. Forbes, his
sales manager, who is at the home
of his brother, b. NJ. Forbes, 4502
Washington Blvd.
Forbes had planned to meet
Young in New York Wednesday and
join the party. He and his wife will
leave in a day or so for their home
in Hollywood. He has received no
word from there.
He was anxious over his daugh-
ter, Mrs. LOOMS Slater. at Deland,
twenty-six miles from Daytonia, on
the eastern coast. She was recently
married.
FOresaw Boom
During 1919, it is said, Young had
a conversation with Charles A. Book.
walter, former mayor of Indianapo-
lis, who, for his health. had visited
Florida for several seasons. Book
walter talked of the indications
pointing to the gigantic Florida
boom, as mirrored in the success of
Carl c.. Fisher, Indianapolis man
who promoted Miami Beach and
made millions out of it, it is said
The opportunity for wealth in the
real estate game in Florida, at that
time. was pointed out to Young.
The result was that Young went
to Florida during the winter of 1919
1920 and promoted several subdivi'
sions. He returned to indianapolis
duringIthe summer, but went back
to Florida for the 1920-1921 season
In the two winters Young and his
associates amassed enough capital
No buy the wilderness upon which
Hollywood was built.
Planned Here
Much of the plan of Hollywood. a
city of $4,000, construction of which
was started al 1921, was discussed in
Indianapolis. The citys building re.
strictions permitted nothing but
Spanish type. architecture.
The only apparent recommends.
tions of the mangrove wilderness.
which the indianapolis man con-
quered, only to be buffeted in turn
by nature, were a marvellous beach
and a favorable location with regard
20 fast growing Miami,
Hollywood grew from the start.
The promotion included the opening
of offices Ia Indianapolis. An Indi-
anapolis man became publicity agent
for Young. An Indianapolis adver-
Using agency handled the national
advertising. Several indianapolis
men became executives in Young's
companies.
1t has been estimated that, other
than the holdings of Young, ap-
proximately S2,OOO.0OO of Indian
apolis money was invested in Holly
wood property-not fluctuating real
estate. but buildings and the like.
This would make some Indianapolis
investors heavy victims of the storm,
Holdings Over $4,O0O.0OO
Young. Immediately before the
storm, included among his personal