Evening star., 1926-04-10
FEW MOURN END
OF FLORIDA BOOM
Real Prosperity Follows Re-
adjustment and Healthy
Trend.
RY FRANK PARKER STOCK
BRIDGE,



while il lasted Beo{nninr i'm 1921
as a mere Sen:-:.l rise in land values,
it passed through various complex
phases tiu il reached its delirious
climax in the Summer and Fail of
1925, and came to an abrupt and com
pete termination early in 1926. stimuli
taneuusly with the collapse of the bun
market on the New York Stock En-
change.
The strange thing about this boom
is that nobody in Florida denies that
il is over. ana that almost nobody
grieveS about il. Its exact time OF
demise was unforeseen except by "A
few the cessation of speculation
was d.scoNCe.tinS to many because
il caught them before they had sue
Ceeded in cleaning up as they in
tended. in anticipation of the end.
But if il had not stopped when it did
powerful forces would have found il
necessary. io" The good Of Florida and
the whole business situation general
iE. To sep in and stop II. Every few
wears the banks have TO enforce
process "t Grfatlon to prevent worse
evils. Sound business cannont toler-
ale prolonged speculative market
IN any ConlmudltN-real estate being
no exception.
E.,,. psrso,s R,;,sd
The wonder. however, is that the
stoppage in Florida has ruined 50 few
persons. Some legitimate and con
scrvatlve business people have been
temporarily set back and some un-
fortunate investors from the North
have suffered With them. But in gen
eral the panic his the real estate car
pet,oaS SSeis hardest, the binder boys
descended upon the State last wear
Ike a nlaoI,n of loc,Sts Painful &c
The read lfsfment may he fo the more
solid interests. the roncensus Of
oDiOjon is that the ccllanse of this
ereculafiye tratFc was worth moro
than il cost TO get rid of the nros
perjty nests
Now Florida Is taLinp stock of her
resources and fpurinc mn tho dam.
ane before moving IN In .he in
1,enfory- &c noted one o,,,stardin~ foot
The bnom bae naesed ,pd n,csne,;,,
remains ko, there have been threa
,,,nven,er.s 80, ,haSas az tba lrn,,;d
eypansinn Tbe,a was. The discovery
,.b.,s. 10 ,IlTat,,n,I.n, ,,l,.,,.a "a
~. hn,,, ,baSa M ii.c,l,,' p..,'. ,i'a,' -"
,,aS ma int,nl,,.,rinn of l;Io,,id.,.y -
,.h.,rr,s ,a.nn,.s nj .,,n,,t,nit;aS -,
1ha ant;r. I.nif,j If.,tai ,hrnneb tvo
,.,,,,.,li,, rn,,,nra.1on,ad eac,,,,., ei,,,,a,,
,ni,,iro ,,,d a ,.au, ,,,,t,Ii,i,, nan,n.,i,,
.1.,.caIF ,tnl,nto,.S. ,rhit nhosa fs
,bouobt - ha,s slowed ~, h,,, oni,
in the sense that touring in Florida
- INV rs mover d'N eIi'lre man an
~ ~,nI'"oi "n.Il. aiiu ma Pu"i,cl,S -
,'i.o f ,i' ,,t,,.,..tn 'io.s s,iais Sie ~
-:
vast sums spent.
Tho deveIonrert ,bsse irc,,ded tho
o>-Denditura of ,-ast s1,ros 80, ,..iI
rnade birhu.o,s botois 80 ho,,,o,
Ia neot . nonn,attop exnansion Of
9on ne, cont IA ,n.nv citias .nd :,
tnt.l increase If nermanant Stata
,,,,n,,l,ti.,, ,f nrohahl,, ln nar can't a.,
~. Years mi me total ra0- invsSi-
,...nr reached 10 LilIion dalIs.rs In
1hA last ,,ina nonnths alons This
bhase continues and ia stiil on rhe
cteseendo That Is the most signif
cant truth about Florida todsv-othat
building is going on st a faster mace
Than eyer before
The discovery and develonmant of
q now frnnfier Ied 10 a preat and iust-
irahIe increase In land values ,bat
made tho for-,Date niopeere rich co
on rop of these healthy accretions of
the States prosperitv came the boom
rha SEA skvroCketins of prices on
The expectancy of future increases of
real estate yalues-far. II, advance of