[JoanVarga]

Actually, it would be more fun to speculate on the etymology of the word, “altgeld.” Old Gold? or Old Eunuch?

[ProfessorGage]

Wouldn’t altgeld be “Old Money”?

[ProfessorGage]

Wait, is geld = to money, or is gelt = to money?

[Southside_Chicago_Republican]

Assuming it was named for a former Governor:

John Peter Altgeld (December 30, 1847 - March 12, 1902) was the governor of the U.S. state of Illinois from 1893 until 1897. He was the first Democratic governor of that state since the 1850s. A leading figure of the Progressive Era movement, Altgeld improved workplace safety and child labor laws, pardoned three of the men convicted of the Haymarket Riot, and, for a time, resisted calls to break up the Pullman strike with force.

Altgeld Gardens is close to the Pullman neighborhood.