as well; and his reputation — or notoriety — grew。
The war had made him rich and he was still rich。 Living in Chicago; seldom
seen except for Derwent Enterprises board meetings (which he ran with an iron
hand); it was rumored that he owned United Air Lines; Las Vegas (where he was
known to have controlling interests in four hotel…casinos and some involvement
in at least six others); Los Angeles; and the U。S。A。 itself。 Reputed to be a
friend of royalty; presidents; and underworld kingpins; it was supposed by many
that he was the richest man in the world。
But he had not been able to make a go of the Overlook; Jack thought。 He put
the scrapbook down for a moment and took the small notebook and mechanical
pencil he always kept with him out of his breast pocket。 He jotted 〃Look into H。
Derwent; Sidwndr lbry?〃 He put the notebook back and picked up the scrapbook
again。 His face was preoccupied; his eyes distant。 He wiped his mouth constantly
with his hand as he turned the pages。
He skimmed the material that followed; making a mental note to read it more
closely later。 Press releases were pasted into many of the pages。 So…and…so was
expected at the Overlook next week; thus…and…such would be entertaining in the
lounge (in Derwents time it had been the Red…Eye Lounge)。 Many of the
entertainers were Vegas names; and many of the guests were Top Mark executives
and stars。
Then; in a clipping marked February 1; 1952:
MILLIONAIRE EXEC TO SELL COLORADO
INVESTMENTS
Deal Made with California Investors on
Overlook; Other Investments; Derwent Reveals
By Rodney Conklin; Financial Editor
In a terse munique yesterday from the Chicago offices of the monolithic
Derwent Enterprises; it was revealed that millionaire (perhaps billionaire)
Horace Derwent has sold out of Colorado in a stunning financial power play
that will be pleted by October 1; 1954。 Derwents investments include
natural gas; coal; hydroelectric power; and a land development pany
called Colorado Sunshine; Inc。; which owns or holds options on better than
500;000 acres of Colorado land。
The most famous Derwent holding in Colorado; the Overlook Hotel; has
already been sold; Derwent revealed in a rare interview yesterday。 The
buyer was a California group of investors headed by Charles Grondin; a
former director of the California Land Development Corporation。 While
Derwent refused to discuss price; informed sources 。。。
He had sold out everythin
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