During the early 1920's, the Island found fame as a Bohemian retreat. The rum flowed in and the whine of high-speed Coast Guard cutters slashed the early morning air. The beaches were littered with copies of Variety and Billboard, the saloons cluttered with penciled manuscripts and blue air, and back porches were congested by the acrid smell of oils. But behind all this frivolity, business continued in the form of rampant real estate speculation.

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