Business: Sorry Paradise

At the height of the Florida boom in the middle 1920—3 Miami frontage was worth more than any other land on the face of the globe. Justification of the prices at which this land was changing hands daily would have required fully-rented buildings 200 stories high. Nearby in the midst of this financial bedlam blossomed an incredible development—Coral Gables, a city of planned perfection that was to be no less than a "paradise on earth." Last week in Washington in its investigation of protective committees, the Securities...

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