AMERICAN CABLE NEWS
jTAustraliu it N.Z. Cabla Association.]
FLORIDA BOOAI BURST. NKAV YORK, Aug. 20. A telegram frciu Jacksonville says: Two important announcements have been made, indicating the bursting of tho Florida land boom, wilerein millions have been made and lost. The first Federal authority suited that 42 persons are being indicted, charged with using the mails for the purpose of defrauding men in the sale of Florida. lands wherefrom several million dollars have been realised, and worthless tracts have been foisted upon purchasers. Several arrests have neon made.
Post Office Inspectors spent a year in investigating the conditions involved in the promotion of the. towns of Fullord and Arcadio Gardens. The second announcement is that two wealthy American families, promoters of the defunct Floramanda Colony, designed for the exclusive use of affluent Ameriihns and members of European Royalty, halve agreed to reimburse the stockholders from their private fortunes, follow..ig on a collapse of the project, this entailing losses estimated in excess of thirty million dollars.’
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19260823.2.24
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 23 August 1926, Page 2
Word count
Tapeke kupu
166AMERICAN CABLE NEWS Hokitika Guardian, 23 August 1926, Page 2
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in