HomeMy WebLinkAbout1926-08-02 Harry Kelsey (Miami Tribune)Miami Tribune Aug. 2.1 1926
:;ET1 P,YY L i E.'.CH--F :rr 3. els eyt s faith in r'loria ht s been
justified. ,
ied■ tic hc.s just received'.31■5 cash for t'.;o an + ahalf miles
of ocea.: front = e sin Fla county. `,-:rchased f a group of New
York fin : iers in the name of the „::e: iino1.e uor'.
Lelsevts faith never has wavered since he place
earrings from r a view 7or1-: restu= rnt cha] rn into Fall': FeLc'n county
Property. His reward is one of t.=, v l r= est cash s=- es in
undevelopereal estate on record. , a
During last ye rt s l�ecti c boom when t':e binder boys
were at work turning huse deals on shoestrngs of case, t' e amount of ..
money Kelvevt s determination has brouglIt into f? a. on cne sale would
have represented '_'untireds of millions of Jol ti
:rs■ iz Uwt+e rmi nation
to akey his ales clean and subst nF'tiai and rr- f $ he did so. He :as
de1Yon trated to the real es -Late 1:-en of fla and to all t :e l.orld that
sales of dir:ei=sione involving vest' amounts of cash can be i:de
in fla. lands if the right men are o `fcred t?e oT7ortt]nity to
- Re 1-.rows it can be done Lgain and for tLet reason: he has
D aced his million and ahalf in circ7'i tion again derositing it in
the banks of west r.r_, to e checked out for r,a.+.ts on other
' ropert ie s.
- The i ure as : has made early in July by Harris F a:tiiiond,
=eprosnt?ng the Seminole Corp, Iiaiar;iond is a new for financier,
nci associted with hira in th -, real estate holding are . F. Hutton-,
Anthony J. ➢reel 3idc11e t. an L.E. Kauffman rresient of the
Chatham Froenix jack and Trut co.
. e sey just ret}irnod to wpm. accoLTi73: ie by Lis attofr,ey
Bort county
from negotiating t+h-salery�oi' jhis
-�/y �-ro*p (erty. leis /-yris/e�/y
in F 4ci nty'T 1e:--ds 111-- fjl Von. 1e came here five yeL�.r agog looked
around and id , This T-:.__ c e locks w:ooc to [:e i t 11 make a = i lien,
her= ,tt
:le had ,hat some 1,ien ?eourtd ccnsi:ier too largo a fortune to.
risk on land in any -ne rhide but he investedviruta' lv all of it
in this '_i.:ce of rrc.p_.rt7- =.nc, e . :-r _-roperties in PB county le2vintg
it to grove his faith.
Urged to sell :seen :. :s offered fabulous sums b men of
small means who off€red him 5 - -- :3r cent cah, he refused.
r.I r 1 e ; cash for i- , i' e said.
th.:= binder boys it apt real estate activity cane
to a low ebb other :pen- were wc•rried but Kel sett just sildled.
'It will be a short time now until they being paying cash
for good land and t Shen t lei get 1 line, " he told friens ;ho jibed
him for a ail i.n- to sell to t?•a binder boys. niey couldn't hove paid
me any -,y and: r.y title :could be ail cl.uttered up, :hen the: froth
blows off I expect to sell Lrry holdings for ral3h."
;me, he did. he :aE ot= ..:r r'rop_.rties declare..w
sell the ai_e '.� y _., t'_ez��. tort time. Ile c:C[:l-,, ti he.�s ;��e rtra.d f` .'
th j+y'ai{„rinr and eniils he suf.�cred3 wlilc }ettirig
ready for t' er'aarket.
July 1 ? -'26 ci. e y' f'1.,037,576 frorni C ati=cull` F'-en :r
L-tior:a1 Ra_1- arAl T 2ust co --any , L4 -'r :idir,ay- f.. .
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