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Show Park for Millionaires. Plans for tho transformation at an enormous cost of tho 14,000-acro Pnloa Verdes ranch, overlooking Los Angeles harbor and tho Cntallna channel. chan-nel. Into ono of tho moBt magnificent residential parks In tho nation for American millionaires, aro belu' mudo. Frank A. Vnnderllp of tho National City bank of New York and his associates rscontly purchased tho tract for $1,750,000 for this purpose Tho plans ns thoy now Btnnd promlso to involvo nn expenditure of $5,000,-000. |