▁Service ▁Corporation ▁and ▁Ocean ▁Bou lev ard . ▁Dam age ▁in ▁ 1 9 2 8   US D ▁tot aled ▁$ 1 0   mill ion ▁in ▁Pal m ▁Beach . ▁ ▁The ▁population ▁of ▁Pal m ▁Beach ▁grew ▁from ▁ 1 , 7 0 7 ▁in ▁ 1 9 3 0 ▁to ▁ 3 , 7 4 7 ▁in ▁ 1 9 4 0 , ▁a ▁ 1 1 9 . 5   percent ▁increase . ▁The ▁Royal ▁Po inci ana ▁Hotel , ▁dam aged ▁heavily ▁in ▁the ▁ 1 9 2 8   h urr icane , ▁also ▁suffered ▁greatly ▁during ▁the ▁Great ▁De pression , ▁and ▁was ▁demol ished ▁in ▁ 1 9 3 5 . ▁Ar ound ▁ 4 , 0 0 0   people ▁purchased ▁salv age able ▁remains ▁of ▁the ▁hotel . ▁The ▁Pal m ▁Beach - Post ▁Times ▁estimated ▁that ▁some ▁ 5 0 0   hom es ▁could ▁be ▁built ▁from ▁the ▁scra ps ▁of ▁the ▁hotel . ▁Res idents ▁of ▁Pal m ▁Beach ▁established ▁the ▁Society ▁of ▁the ▁Four ▁Arts ▁on ▁January   1 4 , ▁ 1 9 3 6 , ▁with ▁Hugh ▁D ill man ▁becoming ▁the ▁first ▁president . ▁The ▁ 1 9 3 0 s ▁de cade ▁also ▁saw ▁the ▁construction ▁of ▁the ▁Flag ler ▁Memorial ▁Bridge , ▁the ▁northern most ▁bridge ▁linking ▁Pal m ▁Beach ▁and ▁West ▁Pal m ▁Beach , ▁completed ▁on ▁July   1 , ▁ 1 9 3 8 . ▁▁ ▁Early ▁in ▁World ▁War