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 communique 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 completed by october 1 , 1954 .