The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1926-05-18
FACTS ABOUT FLORIDA
Bank show Financial Conditions In State
(From Boston News Bureau)

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Miami-Trust Co. of Florida,
one of the oldest investment in
stitutions of the state, has issued
the initial number of Investment
Review, the first financial publica-
ton of its kind to be issued in
Florida. A carefully prepared
business survey of the state is
published. 1t deals with perman-
ent improvements in shape of rail
roads, highways, drainage of the
Everglades, manufactures, fisher
les, state taxation, schools and col
leges, tourist business and other
factors in Florida's growth.
1t is shown that Florida has So
miles of railway per 1000 inhabi-
tants, more than any other south
ern state. Earnings have doubled
in 10 years. A tax of four cents
a gallon on gasoline yields APP
proximately $8,500,00O year for
good roads, in addition to millions
being raised by counties for this
purpose in bond issues.
Number of telephones has
trebled in 60 years. Total bank
resources of the state increased
1853 per cent in a year with only
about one-third of / per cent of
these resources invested in real
estate, demonstrating the ''liquid"
condition Of the banks.
1t is estimated $33,400,OOO will
be spent by Florida for highway
construction this year. Florida
state roads now embrace approx
mately 1854 miles. City and
county roads probably embrace
an equal or greater amount. The
state has no bonded Indebtedness
for construction of highways,
needed funds being derived from
automobile registration, gasoline
tax, automobile license tax, fed
eral aid and gasoline inspection.
City and county road construc-
ton are financed mostly through
bond issues, sold principally in
northern bond barkets. A sub
stantial amount is bought by Flor
ida banks. For first ten months
of 1925, approximately $30,O0O,-
600 of highway improvement
bonds were issued. These bonds
are a direct obligation of the
cities.
New Yards for Florida East Coast
TT. Pierce Vice-Pres. Roden-
.buagh of Florida East Coast Rail-
way announces that $4,000 feet of
additional trackage will be laid at
TT. Pierce. It is the purpose of
the railroad to make complete
terminal. A southbound yard of
325 cars capacity will be con-
structed this summer. Six miles
of track recently finished will be
used as a northbound yard. In ad-
dition, a switching and breaking
up yard eff $50 cars capacity will
be built. These improvements
will double the capacity of the
present yards at TT. Pierce, Civ
ing this division point capacity
of / ,125 cars.
Miami's Future; Banker Romfh's
Estimate
Miami George B. Romfh, vice.
president of First National Bank,
says the Miami business man who
handled his finances conservative
" is now .'tickled to death" with
business conditions, as the summer
Is usually the slack season.
People outside of Florida hear
the wall of the fellow who over
committed HIMSELF Mr.. Romfh
declared. "All cities have their
business season. In Miami it is
in the winter. When summer APP
proaehes, business men for years
have noticed the change and said
business was rotten, but when
asked to compare figures with the
same season the year before, they