EXHIBIT 24

                        POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENT, that each of the undersigned
Directors of St. Joe Paper Company, a Florida corporation
("Corporation"), which is about to file with the Securities and
Exchange Commission, Washington, D. C.  20549, under the provisions
of the Securities Exchange Act of 1934, as amended, an Annual
Report on Form 10-K for the fiscal year ended December 31, 1993,
hereby constitutes and appoints Winfred L. Thornton and Stanley D.
Fraser, as his true and lawful attorneys-in-fact and agent, and
each of them with full power to act, without the other in his
stead, in any and all capacities, to sign the 1993 Annual Report of
St. Joe Paper Company on Form 10-K and to file on behalf of the
Corporation such Annual Report and amendments with all exhibits
thereto, and any and all other information and documents in
connection therewith, with the Securities and Exchange Commission,
hereby granting unto said attorneys-in-fact and agent, and each of
them, full power and authority to do and perform any and all acts
and things requisite and ratifying and confirming all that each
said attorneys-in-fact and agent or any one of them, may lawfully
do or cause to be done by virtue hereof.

     IN WITNESS WHEREOF, the undersigned have hereunto set their
hands on the date indicated below.


                                                                  
      Winfred L. Thornton                 Tully F. Dunlap
  Chairman of the Board and                   Director            
    Chief Executive Officer                

                                                                  
     Robert E. Nedley                     E. Thomas Ford   
  President, Chief Operating          Vice President and Director
     Officer and Director


                                                                  
     Jacob C. Belin                       Stanley D. Fraser
          Director                    Vice President and Director


                                                                  
     Howard L. Brainin                    Robert J. A. Irwin
 Vice President and Director                  Director


                                                                  
     Edward C. Brownlie                    R. Eugene Taylor
 Vice President and Director                  Director


                                                                  
     Thomas S. Coldewey               W. Taliaferro Thompson, III 
         Director                             Director
                                    

DATED:  March 8, 1994