Even when lawsuits disclosed the chicanery, state and federal regulators misled the public. Despite the official denials, the public panicked. The ensuing runs caused the banking crash.

When Solomon Merrick moved his family from New England to a plot of land southwest of Miami in 1898, he had no idea that his son, George, would become the founder of one of America's most fabled cities. When the senior Merrick died in 1911, George, who was working in New York, returned to the Miami area, establishing a major citrus and produce farm on his family's land. Then he entered the booming Miami real estate market of the early 1920s, finally embarking on the building of a city. The story of Coral Gables is also the story of George Merrick, and the photographs in this volume evoke poignant memories of the City Beautiful's storied past. Images in this book include views of early Coral Way and Miracle Mile, Ponce de Leon Boulevard, the Coliseum, beloved restaurants and clubs, the Venetian Pool, the Biltmore Hotel, Coral Gables High School, the trolleys, the University of Miami, and some of the people who brought Coral Gables to life and helped make it a great city. When Solomon Merrick moved his family from New England to a plot of land southwest of Miami in 1898, he had no idea that his son, George, would become the founder of one of America's most fabled cities. When the senior Merrick died in 1911, George, who was working in New York, returned to the Miami area, establishing a major citrus and produce farm on his family's land. Then he entered the booming Miami real estate market of the early 1920s, finally embarking on the building of a city. The story of Coral Gables is also the story of George Merrick, and the photographs in this volume evoke poignant memories of the City Beautiful's storied past. Images in this book include views of early Coral Way and Miracle Mile, Ponce de Leon Boulevard, the Coliseum, beloved restaurants and clubs, the Venetian Pool, the Biltmore Hotel, Coral Gables High School, the trolleys, the University of Miami, and some of the people who brought Coral Gables to life and helped make it a great city.