Evening star., 1928-05-13
FLORIDA REALLY BENEFITED
FROM BIG REAL ESTATE BOOM
Has Regained Resort Prestige Quickly and
Established Businesses There Are Doing
Well-Realty Dull, !.

same class with building. All are op-
| posed.
Perhaps you have never thought OF
| 1t quite that way but the big boom
in real estate and building, now nom
existence, did not hurt the State, its
towns or cities On the contrary they
were greatly benefited. -.
I Florida has the best roads Of any
| State in the Union From Jacksonville
continued through the Everglades to
the West Coast and up the West Coast
with several cross-State drives In fine
shape smooth and we'll maintained.
| Florida has no other use for her
criminals than road making and re-
pairing. These highways are but par
| tially the result of the boom, as many
of them existed for years prior thereto.
II is doubtful If there Is a city in
Florida that has not increased ma
terially in population since the start
Of the boom; not city that mas not
been greatly enlarged through sunur-
ban Developments ana lts popuiaeioi,, y,
| greatly increased by large numbers OF
newcomers. -.
Miles OF street pavement have been
built. sewers have been put In poSltlon
and connected. water works have oeen
| introduced, electric light plants con-
structed and paid fire departments IN
stalled. These last betterments may all
be credited to the boom and they are
all of q permanent character for the
great improvement of the entire State.
Moreover the boom brought many OF
| the cities of secondary Importance be-
fore 1t developed to the notice of the
| great chain stores and this has result
| cd in the establishment OF four or tlVe
great merchandising establishments In
many cities--and they are there to stay
The Atlantic &c Pacific, Sanitary
Grocery, Liggett Piggly-Wiggly and at
least one or two of the big 5-l0 cent
stores are found In every town OF any
size in the State.
1t Is perhaps natural to think that
they. too. were fooled by the boom. but
1t is a fact that they are all doing q
good business and for cash. while the
| old town merchants who have carried
their customers for many moons are
suffering. Every one is complaining al
the scarcity of cash and yet, as before
stated. the cash stores are doing a
rushing business and on every side
there are unmistakable evidences OF q
fair degree of prosperity.
Successful Bankers.
NAL JULIUS EeYSeT Is AZ IIlc IledQ Ol
the largest savings bank in Washing
ton. He admits 1t, and II one should
ask him. he probably would give Frank
g. Addison. ir.. large share of the
credit, for the young vice president is
practically in active charge of the Sc
curity Savings g. Commercial Bank
/ Mr.. Peyser picked" Mr.. Addison when
that young man was red ripe for the
picking, one of the wisest of our local
bankers. In discussions OF banking
law. practice or customs he Is an ac-
knowledged leader and older bankers
willingly listen.
| Both these gentlemen were prominent
at the recent opening OF the X street
branch OF the big savings institution
and both were constantly surrounded
by crowds OF friends. as were other di-
rectors and officials of the bank.
Bank Auditors Organization.
With the spirit of organization anc
| mutual helpfulness now prevailing
among bankers 1t is but natural thai
the men upon whom the responsibility
| OF correct accounting rests should take
/ full advantage of mutual intercourse
and counsel. Accounting has not
reached the stage In the banking busi-
ness where expert auditors are very
generally employed, but there are mar,y
men OF high ability now engaged. and
more are being added almost daily,
Banks tnat do not employ exnIrt