Indianapolis Times, Volume 37, Number 141, Indianapolis, Marion County, 13 October 1925 — Page 4

4

FLORIDA NEEDS A GOOD SLUMP (Continued From Page 1) Spot. I couldn’t convince him I wanted a necktie and not a store. Merchants take their available cash and put it in land instead of paying their debts. The store clerk, office helper, stenographer, all are "trading,” as they call it. Oie man told me that a canvass of a certain railroad office showed 90 per cent of the clerks had made deposits on lots they hoped to sell before they would have to make the first payments. Efficiency is affected. Many think they are on the verge of a fortune and are so independent the boss h,as a hard time knowing what to do. A hotel waiter told me one day he had paid $2,000 down on a JVfiami lot. The next day he. said he was worth $50,000 because the salesman said the lot had increased thrat much in value over night, lie said if he could get another $2,000 cksh to pay part of the commission the real estate man would trade that SBO,OOO lot for one worth $75,000 next to it. He believed some magic had made these twin lots jump in value over night. Actually the salesman was merely trying to trick him into giving up another $2,000. We have seen the effect of the boom on living conditions and how land inflation has caused general price Inflation. State Carries Burden It will take years to bring prices down to normal. Meantime the State must carry this burden as Well as the burden of heavy taxes to pay for State improvements already voted. There are some who care nothing for the solid upbuilding of the land, but dream that they can live jtvell forever on the winter vacationist and summer tourist. The publisher of one prosperous Florida newspaper is in this class. ‘‘Forget agriculture, forget industries,” he said. “Don't bother figuring on that substantial stuff. We make enough out of the winter folks. We charge them plenty and they pay gladly because they are in the swim.” That opinion represents the greatest obstacle to solid fortune for the State. This publisher wasn’t figuring on the possibility of financial depression elsewhere sometimes wiping out a large part of the winter crowd. ’ On the other hand, Judge Frank B. Stoneman, editor of the Miami Herald, said: "Florida's future lies not with her playgrounds, but with her great back land of farms.” Railroad officials feel this so keenly that all lines are trying to induce colonists to come in, hut land prices are so high the farmers won’t pay the price and labor so scarce, due to the boom, that they couldn’t work the land.

Farmers Have Quit Farmers, it would seem, have actually quit work. Nathan Mayo, State argiculture commissioner, in his last report showed that 40 per cent of all the tilled land in the State, 809,114 acres, was withdrawn from cultivation and abandoned in 1923-24. .'ln the same period the value of crop output decreased frofn $135,329,459 to $72,037,138, or neatly 50 per cent, off. The percentage of drop in crop value was due, Mtfyo said, partly to the general reduction in farm produce prices. Railroad and market agency heads think the output will be considerably less this year. Senator Fletcher has headed a group protesting against the estimate of citrus fruit product made by the Government Marketing Bureau, saying the crop will actually be from 4,000,000 to 5,000,000 boxes less than the 19,000,000 the bureau had figured on. Land Held High -"It will take at least ten years to develop any sizeable kind of a farm program,” Carl McClure, vice president of the State Association of Real Estate Boards, said. "The land is held high. Os course, there is a lot of land available which can produce from SI,OOO to $3,500 an acre and is worth more than is asked, but the general impression that prices are up scares farmers away.” I talked with .dozens of men in prominent position who saw it the same way. J. W. Mcßride, agricultural agent Seaboard Air Line, said OUT OF SORTS, , TIDED, SLUGGISH Mississippi Man Says That He Has Found Black-Draught So Satisfactory, Has Seen No Need to Change. | Mr. A. I/. Cone, a well-known resident of Wiggins, Miss., tells interestingly of his long use of Thedford's BlaekUra light. "I have used Black-Draught for constipation,” says Mr. Cone. “I have never had ,to take a great, deal of medicine, but for fully 30 years I have, by using it, known Black-Draught to he a great liver medicine, and when 1 found It so satisfactory, I haven’t seen any need to change, f “When I get constipated, I feel all out of sorts and tired and' sluggish and I take a few doses of Black-Draught. It regulates my bowels and I get all right. My wife takes more BlackDraught than I do. She is a great believer in it, too, so we keep it in the house. It will cleanse the system and help you, if you use it as we have.” When you feel “all out of sorts and tired and sluggish,” the trouble is frequently constipation, which leads to a great deal of sickness among those who do not understand its dangers, and who neglect to treat It without delay. Black-Draught with the natural, prompt action of Its purely vegetable ingredients, quickly relieves constipation and helps to drive out the poisons so as to leave the organs in a state of healthy activity. You should always have a package on hand. Sold everywhere.

he can’t Induce farmers to settle until the boom dies down. What Florida needs is a good j slump, some say. Judge Stoneman : believes it would drive out the specu- j lators, the crooks and the unscrupu- j lous but withln-the-law operators. It would establish prices and, though driving out the erbwd, would make it necessary for land owners to convert their holdings into something productive. It would not result in a sudden flattening out of prices, but it would mean an increase in farm activity and an increase in home-building. A man who could afford to retain his holdings would feel, when no buyers can be had, that he must use his land to pay his taxes and realize on his investment. • Would Help Business He would withdraw from speculation lots in cities which have practical utility and begin building houses on them. This would increase building activity, revive file market to some extent, help solve the housing problem and bring on a healthy development which would no longer he harried and juggled by the boom-time operators. Business properties of course would be more plentiful and rents would probably suffer, because the great mob of real estate men who have boosted those rents by scrambling for offices on the main streets would disappear, leaving them to normal business. “I hate to think what Florida going to look like ten years front now,” McClure said. “I recently passed a subdivision near St. Petersburg, where a development had evidently been abandoned. Grass was growing over the sidewalks, the roads were ugly gashes, overgrownwith weeds. There are hundred's of subdivisions which are going to be scars on the landscape. They will | bear witness to the financial losses j of hundreds of people.”. j

siTTwr fTVt /litasJlh WAY THROUGH! Compare it with others and you wilt find — Grandmother's ABREAD ou * s * ap<^ p^ Stays FRESH and TENDER Longer — Slices WITHOUT Crumbling— Made from the finest grade Wheat Flour and Purest Ingredients— Full of Rich Flavor that is Baked “IN”—Not “OUT” It’s Economical jflf'V | T aroo' Pound ,oßuy “ Grandmother’s 1 m and Half f Bread Loaf You’ll Find the Same Grandmother’s Quality in Our RAISIN BREAD, Lb. Loaf . . .9c GRAHAM BREAD, Lb. Loaf ... 8c RYE BREAD, Lb. Loaf 8c WHOLE WHEAT, Lb. Loaf ... 8c A “HOME” Product With a “HOME-MADE” Taste Baked In Our New Bakery Delivered—FßESH—Twice Daily In All of Our Stores Economy Rules ' AnANIKi RUIIIC The worlds loading chain store grocers

With Any Simmons Steel Bed ’lO or More, a ’lO Spring for ’2 1, i —i : Anniversary Feature! We jnake this extraordinary offer to introduce our new $lO A coil bed springs with tempered Premier wire, helical top, *Jm heavy steel frame, gray enamel finish. With the purchase of any Simmons Steel Bed for $lO or more, $lO bed spring for Unusual S: Uower-roster’s Ea ' r in Rugs Terms Linoleums West Market Street-Opposite Interurban Station

T±LE IN DiA.N APOLiS TIMBS

Window Shades Cleaned by Durham Will Be Well J Done. Special Price for Cleaning Until Further Notice (oF It J? Each Indiana’s Leading “Blind Men” Will Measure Your Windows Any Time and Anywhere FREE of Charge R. W. Durham Cos. Alabama Street MA in 5829 Rl!eyll33

TRAVEL BUREAU FLETCHER AMERICAN CO. Bookings to all parts of the world. MA In 5080. Paris Office, 8 Rue St., Florentin.

The food marts of @the world Wherever fine food luxuries are i produced—from Japan to Western Europe —from Alaska to Southern Brazil —there trained food experts of The Great A&.P represent you and choose for your table the finest! Blitter“ Sl ™CQc mm mm lb mm* ML pound prints JjfffF A 6c P EVAPORATED gal MAUL l wn S” 9c i cLZ5 e A QUAKER OR ARMOUR'S mll j£bßL J ? icC-y Quick or Regular mim a&jgsfe dßk Large Package, 26c SwansdownjgSjt Pkg., 32e r f°a y lm SOAP c*e Sc Raisins 1 2~23c EGGS p ° i - 42c PeaCheS 25C Virginia Sweet fK',. 10c CVHTTH Sultana Blended < 9 1 IIWJr Maple, 11 O*. Jug A7U £%¥ VA NUXLEY NUT vLfiU MARGARINE, LB. aUC Pineapple S, sl “„ and 27c Sandwich Spread tSt, 25c Jelly Powder 5 Pkg*.2sc COFFEEm^aic APRICOTS isfs?2sc KETCHUP t? B s.t 14c Pancake Flour s Sage d IOC PennantSyrup N ’*"• N £ 4 14C ' Soap Chips wm”pu. 19c PRUNES Monte, Lb. Tin Zlc royal aar CANDY “■ 29 GRANDMOTHER'S _ 9c FIG BARS a 2 > 2Sc Grape Fndt lo

* There Economy Rules 7 *(’>--‘>l ATI ANTIC l PACIFIC c* ' | V7 u mrk& tautim' chain stem grocers" 1

VIOLIN and m OUTFITS 0 14 U P Direct Importers. Inrgrnt etoek In the State. Carlin Music Cos. 143 ICa*t WWellington.

a uxbCsi>AY, OCT. 13, 1925

Cold Overprints, 9c 9c and 10c Stock Gold Finhh Lend* Charm to Any Room Martin Rosenberger Wall Paper Company 210 Jf. Delaware. 421 W. Wahlngtn