Magazine content is available exclusively for TIME subscribers.Bankruptcies
"Where Kings, Lords and Financiers have Decided to Build their Homes."
That delectably ballyhooed place, a community by the sea near Palm Beach, Fla., called the Floranada Club, has failed for $6,000,000. Last week, bankruptcy proceedings began against the promoters— the American-British Improvement Corp., of which the president is young James H. R. Cromwell, son of Mrs. Edward T. Stotesbury of Philadelphia and son-in-law of Mrs. Horace E. Dodge of Detroit.
King George II (deposed) of Greece figured in the ballyhoo. The Floranada Club had...
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