Claim: Fred Swanton  (1862–1940) was an entrepreneur and real estate developer who served as mayor of Santa Cruz, California from 1927 until 1933, Swanton  promoted the expansion of Santa Cruz as a beach resort city and In 1900 he invested in the Klondike Gold Rush, but by then the profits had been made.
Evidence: Fred Wilder Swanton (1862–1940) was an entrepreneur and real estate developer who served as mayor of Santa Cruz, California from 1927 until 1933. He promoted the expansion of Santa Cruz as a beach resort city. In 1900 he invested in the Klondike Gold Rush, but by then the profits had been made.