Per Andrews, Henry, at Quality Comics : Comic Favorites, Inc. (Indicia Publisher) at the Grand Comics Database: "Contrary to what is often reported, there is no evidence that Harry 'A' Chesler was ever an owner of this company or in any way a 'pre-Quality' publisher. He is not mentioned anywhere in Feature Funnies #1 or #2, and the earliest available statement of ownership (from #16) lists Everett M. Arnold, Frank J. Markey, Henry P. Martin, Jr. and Frank J. Murphy as co-owners."
