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The Scrapbook

           

           TheOverlookbecameworld-knownintheyears1946to1952whenitwasownedbyelusivemega-millionaireHoraceDerwent,who…

           Theitemonthenextpagewasameresquib,datedfourmonthslater.TheOverlookhadopenedunderitsnewmanagement.Apparentlythepaperhadn’tbeenabletofindoutorwasn’tinterestedinwhothekeyholderswere,becausenonamewasmentionedbutHighCountryInvestments-themostanonymous-soundingcompanynameJackhadeverheardexceptforachainofbikeandapplianceshopsinwesternNewEnglandthatwentunderthenameofBusiness,Inc.

           Heturnedthepageandblinkeddownattheclippingpastedthere.

           MILLIONAIREDERWENTBACK

           INCOLORADOVIABACKDOOR?

           HighCountryExecRevealedtobeCharlesGrondin

           ByRodneyConklin,FinancialEditor

           TheOverlookHotel,ascenicpleasurepalaceintheColoradohighcountryandoncetheprivateplaythingofmillionaireHoraceDerwent,isatthecenterofafinancialtanglewhichisonlynowbeginningtocometolight.OnApril10oflastyearthehotelwaspurchasedbyaLasVegasfirm,

           HighCountryInvestments,asakeyclubforwealthyexecutivesofbothforeignanddomesticbreeds.NowinformedsourcessaythatHighCountryisheadedbyCharlesGrondin,53,whowastheheadofCaliforniaLandDevelopmentCorp.until1959,whenheresignedtotakethepositionofexecutiveveepintheChicagohomeofficeofDerwentEnterprises.

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