Word: coralled
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Dates: during 1930-1939
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...Hearted Bryan Sirs: William Jennings Bryan's talks for Coral Gables were not entirely out of a good heart (gratis), as you state in TIME, Sept. 30, if we are to believe M. R. Werner in his Bryan: "He also devoted part of his time to delivering lectures for a Florida real estate company at $250 a lecture. Bryan sat in an arm chair on a float and talked to the crowd that lined the shore of a lagoon. A narrow strip of water separated Bryan from the crowd on shore. A large cotton umbrella sheltered his bald head...
Like many another boom project, Coral Gables was an almost lifelong dream of a native Floridian. About the Century's turn a penniless, Nonconformist preacher left Cape Cod for the sake of his wife's health, setting out for Florida with his family and chattels in a horse & wagon. Near Miami he staked out a 160-acre grapefruit grove, named it Coral Gables, prospered enough to send his son George north to college. Son George Merrick wrote verse, won a short story contest, abruptly abandoned his literary career when his father died in 1912. Returning to Florida, he became obsessed...
With a corps of the best engineers, architects, city planners he could hire, George Merrick built boulevards, parks, canals, fountains, lakes, swimming pools, golf courses, country clubs, hotels, homes, public buildings. Payrolls of Coral Gables Corp. were $200,000 per week and the advertising and publicity departments were each spending $2,000,000 per year. Any visitor with the remotest claim to fame was wined, dined and dunned with the Coral Gables gospel. Even William Jennings Bryan was persuaded to lecture on Coral Gables' bright sun and blue waters. And in one twelve-month period Coral Gables Corp. sold...
Then only 37, George Merrick was no ordinary promoter. He owned Coral Gables Corp. and dominated the municipality of Coral Gables. "I considered it my town," he said simply last week at the SEC hearings. "I founded it and it was dear to my heart...
...what interested SEC officials the most was the sale of some $8,000,000 of city bonds, long since in default. As any money spent by the municipality directly or indirectly advanced Mr. Merrick's dream, Coral Gables Corp. often arranged for the sale of the city's bonds. For one issue the corporation paid the city 97¢ on the dollar, then resold the bonds to bankers at 92¢, pocketing the loss because the proceeds were used to complete civic improvement promised lot-owners. Another $4,500,000 issue, which the corporation purchased from the city for a little less...