Word: land
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Dates: during 1920-1929
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...Salt Lake City. Last week Senator Stanfield, Chairman of the Senate Land Committee, accompanied by Senators Kendrick of Wyoming and Cameron of Arizona, commenced a hearing at Salt Lake City of cattlemen's grievances against the Department of the Interior, and more especially against its "system of charging fees to stockraisers on the public land...
...aircraft, this so-called Hawaiian flight was arranged for. Three airplanes were built to participate in it. These showed nothing novel in design and were untried for this kind of work. One never got away from the Pacific Coast, another flew a few miles out and was forced to land in the water, and one was lost on account of being out of gas somewhere on the high seas...
...blow up into stormier weather. The chief of these is the tendency of individual and institutional investors alike to place funds in fixed rather than liquid assets. This tendency accounts for much stock market activity, and for the even wider and greater speculation in land and improved real estate. So far has activity in both these fields gone, that the wiser heads in Wall Street and the more hard-bitten realtors of Miami are now wondering where the limit is. It is not yet clearly discernible. Yet many traders are definitely planning on "cleaning up and getting out" both...
...trek of ambitious realtors, promoters, sure-fire salesmen and other energetic persons to Florida resembles the Yukon rush, except that it is being made despite heat rather than cold. Advertisements of golden opportunities in Florida land appear everywhere throughout the country. The entire country is speculating upon it. Enthusiasm waxes hottest in Miami, where brokers exhaust voices and nerves from 7:30 a. m. to 12 p. m. daily...
Many hundreds of thousands of persons, apparently, have suddenly conceived the notion of going to Florida this summer, buying some land on a shoestring, splitting it into lots during the fall, and selling at huge profits to a horde of grateful "investors" this winter. In Wall Street this is a familiar process, known technically as "accumulation" and "distribution". It works as long as the investors get real value for their money, and continues for a certain period there- after until the crop of hopeful lambs begins to thin out. Only these who own no Florida land and have no intensions...