When Henry Kaiser moved to Hawaii in 1954 and bought a $187,000 Kahala beach home, his announced intention was "to rest." While resting, he built a swimming pool beside his house in six days, suggested that the government build an island off Waikiki and announced a plan to put $110 million into new resorts. Last week H.J. began to back his words with actions. After a quick trip to Los Angeles to line up financing, consult with Architect Welton Becket and a representative of Conrad Hilton, Kaiser plunked down $491,000 for more beachfront, thus became Waikiki's biggest landowner (16½...

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