This Florida plan of yours prompts me to worry a little, Grace. You must certainly be cautious about investing your money there the way things are going at present. Of course I have been hearing all that you have about the tremendous sums exchanged there in real estate, and maybe more than you. That information is certainly nothing that one has to be “tipped on” these days. Everyone--even the farmers around here--are scraping their coins together and rushing down to Miami to buy little lots, and I know well enough that at least _some people_ have made and are making fortunes there. But doesn’t such a great campaign of advertising as this now seems to be--doesn’t it arouse your suspicions as to the validity of the proposition to the small investor? Remember, Grace, that the stock market is run on the same plan and with the same tactics--and the daily crop of suckers can be reaped in other fields and byways than Wall [Street], and often is. If you had thought of investing in Miami property a year or so ago it would undoubtedly have meant a considerable profit. But--as I see the situation now--the whole proposition there is like a whirling roulette wheel that with every revolution spins a higher figure--but which has already begun to slow down. I don’t see how the situation can be otherwise when there has been such a wholesale flux of gamblers to the place as there already has been. For certainly there is a limit to the value of property--and there is a limit to the present national craze of flocking to Miami. I may be wrong, of course, but it seems to me that most of the fruit down there has been picked up already. It might net you something to try and sell for others down there, but I would be awfully slow about making any investments myself--at least until after I had been there long enough to ascertain some direct information of my own about matters. In such “gold rushes” watch out for the boom psychology that animates everyone concerned--even the losers--into bursting their voices with salutary legends of their luck and the general prospects of the place. It amounts to as much a conspiracy as though they had all sat down together at a great mass meeting and agreed to swear they each saw Jesus bathing on the beach. Of course I can see your special interest in going to Miami this winter to make money--but I’m blind to the other advantages of the plan. Especially when you have as lovely a place--only a day and a half further away--down on the island [Isle of Pines] to go to, and where living expenses will be about one third as much. (Miami is a very expensive place to stay, I understand, especially since this boom.) Further--it seems to me you ought to take a run down there--for at least two weeks--regardless of other plans. Or otherwise, after all this time, who is to know what is becoming of the place? I’d jump at the chance to go there myself. Please don’t resent my advice about these foregoing matters.