CALIFORNIA: All's Well that Ends Well

Milfred Yant is a man with a remarkable air of respectability; it is accentuated by his pudgy figure, his middle-aged stoop, his brownish hair and open countenance. Back in 1935, as a result, he had little difficulty in selling acres & acres of steep, arid, brush-covered land in the barren hills above Los Angeles County's Placerita Canyon. The tract looked like a rest home for Gila monsters, but he got $1,950 an acre for it—just $1,900 more than he had paid.

His system was simple. He erected a corrugated-tin "clubhouse" on land (which he leased but did not own) in...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!