Democratic Sentinel, Volume 20, Number 24, Rensselaer, Jasper County, 19 June 1896 — A Millionaires' Colony. [ARTICLE]

A Millionaires' Colony.

Andrew McNally, the Chicago millionaire publisher, is promoting a unique colonization scheme. He is trying to establish a colony for millionaires at Altadena, near Los Angeles, in Southern California. He has purchased 4,000 acres of land, a large part of which has been set out to oranges, lemons and olives. Roads, an artificial lake and a club house are now being constructed. The property has been subdivided and is now being sold to friends of Mr. McNally, all the purchasers being millionaires of Chicago and New York, who, having acquired sufficient wealth, desire to retire from the cares of business and live an outdoor life in the semitropics with Just enough farm work to do to keep them healthy and happy. It is said that Mr. McNally already has sixty of these plutocratic purchasers, all men of high standing and great wealth, and that all have had plans drawn for the palaces they will also build. Each purchaser must sign a contract to make improvements costing at least $250,000 and live on the property at least a portion of each year, making it, in fact, his home.