Business: Fractions

Dropping the sunny mask displayed to its paying guests in winter, the City of Miami last week got down to the unpleasant business of collecting unpaid taxes. It was the duty of Tax Collector J. O. Davis to auction off delinquent lots—"or such part as is necessary"—to satisfy the city's claims. Miami's business recovery was reflected in this year's higher tax rolls ($2,900,000, compared to $2,300,000 last year) and in higher collections (89% as against 85½%). It was also reflected in remarkably eager bidding at the annual tax sales held on the outdoor...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!