Insull Utility Investments Inc. Signed by Samuel Insull, Jr. - 1929 dated Autograph Stock Certificate (Uncanceled)

Samuel Insull, born on November 11, 1859, and passing away on July 16, 1938, was a prominent British business magnate based in Chicago. Renowned for his innovative spirit and investment acumen, Insull played a pivotal role in shaping the United States’ integrated electrical infrastructure. His strategic approach involved establishing holding companies that acquired utilities and railroads, effectively controlling the energy sector. Notably, Insull’s contributions extended to the construction of the iconic Chicago Civic Opera House in 1929. However, his empire faced significant challenges during the Great Depression, leading to its collapse. Accusations of personal gain surfaced, as Insull was accused of selling worthless stock to unsuspecting investors who had placed their trust in him due to his esteemed position and reputation. Despite the mounting pressure, Insull and 16 co-defendants were acquitted of all charges after a seven-week trial, with the jury reaching a unanimous verdict after only two hours of deliberation.

Excerpt from NY Times: