Indianapolis Times, Volume 38, Number 20, Indianapolis, Marion County, 4 June 1926 — Page 11

JUNE 4, 1926

SOCIAL REGISTER: EMPIRE TOTTERS IN 600 M STATE %* , Greatest Real Estate Scheme Turns Into Another Bubble. ' XEA Service 'Writer NEW YORK. June 4.—British nobility and American wealth, that were scheduled to join forces at Kloranada, Fla., to form the social empire of the world, have divorced. James H. R. Cromwell, 40-year-old empire builder, and Mrs. E. T. Stotesbury of Philadelphia, and Mrs. Hugh Dillman of Detroit, ladies of the exchequer, are out Os jobs. Instead of a paradise of palms' and .patios, shooting lodges and race courses, polo grounds, golf courses, Venetian waterways and enough titles to give every heiress a fair share, there is only a yawning deficit ;of $6,000,000. Another real estate bubble has burst. Mothers Were Backers Mrs. Stotesbury, the mother of young Cromwell, who appointed her son empire builder, is the social queen of Palm Beach. Her enchanting estate there, her entertainments and her dinners have earned her this leadership. Mrs. Dillman, formerly Mrs. Horace Dodge, and tremendously wealthy, who recently purchased the Joshua Cosden estate at Palm Beach, is the mother of Delphine Dodge, Cromwell’s wife. She /Uso is prominent in Palm Beach society. But Palm Beach with fits extensive booming and building threatens to lose its very valuable asset, its exclusiveness. Boca Raton, some twenty miles below Palm Beach, was laid out to supply that need for exclusiveness in an even more glamorous background. Then came the announcement of Floranada —more pretentious than Boca Raton had dared to be. Here were no lots for any one who could afford them. Here was to be a social empire that would draw fits inhabitants ojily the’hluest blood and the most secure fortunes of the whole world. The nouveau riche were to be banned as rigidly as the hoi polloi. The backers sounded substantial. Sandwiched between American names that stand for wealth were nobility, even royalty. The brother of the ex-king of Greece stated that his deposed highness would build a castle there. Eord Camoys was to interest other British nobles. The I Countess of Eauderdale and her son, Eord Thirl#tane, lent their august names. On the day when the cornerstone of the Floranada Inn was laid, her

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ladyship and his lordship wielded the trowel. Mrs. Stotesbury is said to have announced: "It will be Jimmy’s city. He is making it, and it is his.” Jimmy started off like a million loliars. He was elected president of the British-American Corporation. T,he administration building was begun by Cass Gilbert, who planned, the Woolworth building. Howard Alajor, another famous architect, was called in anjl the two told to plan such a city as never before had sprung from marble and crystal. Nife little offices costing SIOO,OOO a year were fitted up in Miami. Three hundred salesmen were given social registers as their lists of prospects. ' Two freighters were chartered at a cost of $25,000 to ply along the

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Atlantio coast so that bad railroad service would not annoy. Everything started out as an empire should—until it became apparent that lots weren't selling. Then it was decided to form the AmericanBritisK' Florida Club of 2,000 members —by invitation only—and assess each meiriffier $2,000. That would bring in $4,000,000 for development purposes and be even more ultra, socially. Lord Camoys tried to interest the British nobility. Mrs. Stotsenbury and Mrs. Dillman each guaranteed notes for some $250,000. Still the money pressure was felt. Obviously there was more moral support and social afflatus than money. The result was a bankruptcy petition for $•6,000,000. * i And "Jimmy’s City” consists of a

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completed administration building valued at $75,000, an inn valued at $150,000 in the process of construction, and 3,600 acres of land on the Dixie Highway four miles from Ft. Lauderdale, valued at $10,000,000 but heavily mortgaged. The Social Empire of the World is in the hands of receivers.

FUMIGATED TO DEATH Wife Tries to Drive Out "Evil Spirit’’ With Sulphur Fumes. Btl United Press TOKYO, June 4. Superstition, which still prevails in the rural districts of Japan, caused Sakujiro Hamade, a fisherman of Toyama Prefecture, to be fumigated to death by his wife. /’Hamade was suffering from men-

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