Word: florida
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Dates: during 1950-1959
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...Everglades, "winter vegetable capital of the U.S.," rice and sugar are fast expanding, and in central Florida, millions are made each year in tomatoes, beans and corn. Overall vegetable production has soared 500% in 30 years. One cattle breeder and farmer, Gainesville's W. A. Shands, a director of Florida Power & Light, has grossed as much as $1,000,000 on 125 acres of celery land alone...
...Crop. Florida's new kind of boom has cast up a new crop of millionaires. One of the top citrus men is Tom Swann, 52, who runs the groves and concentrate plant for Florence Foods, a big growers' cooperative, and also has 1,600 acres in groves of his own. In the state's growing cattle business, the biggest force is Florida's Lykes family, headed by John Wall Lykes (66) and nephew Charles (37). The Lykeses who also own the Lykes Bros. Steamship Co., Inc., largest shipper under the U.S. flag (54 cargo ships operating...
...Florida's industrial heap is 66-year-old Edward Ball, who bosses the vast interests of the estate of Alfred Irenee du Pont, and who, as head of the Florida National Bank of Jacksonville, helped many of the new industries to start. Ball, with headquarters in Jacksonville, oversees an empire that ranges from banks (a total of 23 in the Florida National Group) to pulp and paper (St. Joe Paper Co.) and one of the largest privately owned forests...
...Atoms. Florida's real−and least expected−source of wealth is just now being discovered. Long considered poor in basic raw materials, the state has been finding uses for things that once were considered worthless. Around Jacksonville, two companies are mining ilmenite and rutile, from which the wonder metal titanium is produced. To the south, near Fort Myers, an oilfield is producing commercially. Oil was also found last month in a new area not far away. To the north, slash pine is feeding the paper and chemical industries. In the Everglades, Newport Industries and other companies...
Miami's McGregor Smith, president of Florida Power & Light Co., has one yardstick of the area's growth−and his faith in the future. In the last ten years Smith, who has done as much as any man to lure new industries to Florida, has spent $151 million on expansion, more than doubled the company's capacity to 503,000 kilowatts. In the next ten years, for another $332 million, he expects to triple capacity...