Common Denominator

George MacDonald and Henry L. Doherty have long had much in common. They have known each other 30 years. Both got rich in utilities. Both have grey-white hair, blue-grey eyes, and are the same height. George is 63, Henry is 68. George says they have been so close that he used to get Henry's love letters, Henry his business letters. Last week George and Henry had a new common denominator-- Florida and Bahama real estate.

Since 1931 Henry Doherty has picked up six Southern resort hotels, five clubs, and thousands of odd lots at postboom prices.

Estimated value of all his properties, which included such swank establishments as the British Colonial in Nassau, the Miami Biltmore in Miami Beach, Key Largo Club on the Keys, was $25,000,000.

For one-fifth that amount Henry's good friend George last week bought a reported one-half interest in all the properties. To explain this extraordinary bargain. George says Henry has been extremely ill for several years, that he himself will take over active management of the enterprises for his friend.

George MacDonald has made frequent news as one of the richest of lay Catholics.

He is a Papal Marquis, was close friend to the late Patrick Cardinal Hayes. He often played host to Cardinal Hayes in Nassau, which until 1932 was part of the Archdiocese of New York. Mr. MacDonald has been going to Florida for 25 winters, to Nassau for 15. After last week's deal, he will never again have to worry about where to stay.

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