Word: chesler
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Dates: during 1958-1958
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...Americans were willing to retire in Florida and that their incomes averaged $160 a month. The Mackles felt they could put up a house priced for such a small income, but they lacked the bankroll to swing a nationwide promotion. To get it, they teamed with Canadian Financier Louis Chesler, 45, who had rolled up a fortune by underwriting mining promotions. Chesler has poured in about $5,640,000 to date, is General Development's chairman, with Frank Mackle as president...