1674-6 Gov James Cox•
• : ••.;`,- •
•• • - Miami Daily News,
ion!, Fla .
ty• dear Jim,
irr
tb6)(jY11
Only 29,1925. •
• If you are keepinE• in touch with the buying of Iaoricia pro-
:
perty ;-9.0u met lato-7 that literally millions upon zillions of dollars
-;•,; ;•
• _ is being Ethipped. into Florida 'for the purchase of land, lots, apart-,
•rent houses, eta. Sono *of tho prorty now being sold in Florida will
not bring an muoh rrney in thirty years as itis soiling for new. An
enormous amount of money is 00/111718' from sirall speculators who invest
nearly all they have. There is a trerenduous amount of misrepresenta-
tion, There are an enormous amount of statements made that "sharks"
never expaot to keep anti :Aim a great many statements are made by
people who think they are going to do certain things but ,.,,rho foil to
•
come thru. :For instanoe: There hs boon at least a dozen million
and. five million dollar hotels mentioned that have not.been built
or even started. Land Ins been sold in 1-11orida, that will take many
years to reclaims- ri:e aro bound to hev a big flare -back and Mari
and Miami Beach are going to stiffer as rosult. of some of thoexploit-.
ing sohorocthat have boon oarriod on around nand and further Vorth.
• • •
Don't you think it!:ould be wise for your "eporters and your people '
•to analyze sore of the statemonts that are being made before you
publish them? You have published in 'your paper, and so has the Horald
;‘•-• and other papers, scheme after cohere whioh has over tztaterializad
. „ • and many people havo invested thru the fact that a supposedly reliable
rtowspaper publishes a statement of rhot somas real estate dealer pr -
poses to do. If ;you will cheek book thru your papers and look for
statements that have not rude, good in the last two or three years,
you will be amazed. The situation has riot been au bad during the
past year as it will be during the next year. The city is literally
flooded. with "sharpers" who are pulling all sorts of schemes. The*
• solos !rade at Miami are nothing es oompared with the sales made thru
the north.
Yours,
.• ;
•
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