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hard to get much currency, but I assembled all could. rode day coach back to Miami with $13,000 in an old suit case, and was amply prepared for business on the fifth, when the Fort Dallas did not open and we had "run" on our bank. That is the elosest ever have come to running out of money, and the only time in the history of this bank that I've been scared. Shortly after the failure of the Fort Dallas, stockholders of the Bank of Biscayne reorganized. under the leadership of Dr. James M. Jackson and Joseph A. McDonald, who was Flag ler's representative in Miami, bought the old Fort Dallas building. which was their banking house until expansion few years ago. Conditions arising from the failure of the Fort Dallas grew worse with the panie of 1907. There was nationwide money panic, which of course was felt in Florida. On Nov. 16 the First National bank of St. Augustine, owing to the shortage of currency, though the bank was perfectly solvent. offered cashiers checks in place cash to employees in Miami. This precipitated trouble, and on Monday morning, Nov 18, there started run on this bank which lasted six weeks. We couldn't find out where the money went, though then, now since Dec. 22, our safe deposit department was busy admit ting customers to examine papers and jewelry and other effects in their boxes. We had enough money in our vaults, about $50,000. but we didn't know how long the panic would last, SO we counted it out in $25 lots. Depositors didn't want to accept our New York drafts for their checks, but we didn't want use all our because we didn't know when we could get more. This run was not as dramatic we in the last few years, but it was much greater drain on our because currency disappeared from circulation, whereas in later runs, in dividual balances were withdrawn the money always has been redeposited through other channels, such as postal funds, bond purchases, etc. After the panic of 1907. there was another boom in Florida. this time in Everglades land. United States Congressman Frank Clark inquired on the floor of congress if Florida sold this land by the acre or gallon. This boom brought about the first draining of the Everglades and increased real estate values around Miami. It was about this time that the Miami Bank and Trust Co. organized, in 1910 or 1912. This bank was absorbed in 1926 by the City National bank in Miami. The 11 years from 1910 to 1921 were constructive ones for Miami. in spite of the war business conditions were good, the Carl Fisher development at Miami Beach gave new impetus to land values. Likewise, on the Miami side the bay, the period was one of marked development. Harbor