Evening Republican, Volume 18, Number 24, Rensselaer, Jasper County, 28 January 1914 — Park for Millionaires. [ARTICLE]

Park for Millionaires.

Plans for the transformation at an enormous cost of the 14,000-acre Palos Verdes ranch, overlooking Los Angeles harbor and the Catalina channel, into one of the most magnificent residential parks in the nation for American millionaires, are being made. Frank A. Vanderlip of the National City bank of New York and his associates recently purchased the tract for $1,760,000 for this purpose. The plans as they now stand promise to involve an expenditure of $6,000,000.