Insull Utility Investments Inc. Signed by Samuel Insull, Jr. - 1930 dated Autograph Stock Certificate (Uncanceled)
Inv# AG1091 Autograph
Nice uncanceled signature by Samuel Insull Jr. at front as President on this Insull Utility Investments, Inc. Illinois stock. Quite Scarce!
Samuel Insull (November 11, 1859 – July 16, 1938) was a British business magnate. He was an innovator and investor based in Chicago who helped create an integrated electrical infrastructure in the United States. Insull created holding companies that purchased utilities and railroads. Insull was responsible for the building of the Chicago Civic Opera House in 1929. Due to the Great Depression, his vast Midwest holding company empire collapsed, and he was accused of profiting personally by selling worthless stock to unsuspecting investors who trusted him because of his position and reputation. Following a seven-week trial, he and 16 co-defendants were acquitted of all charges after two hours of jury deliberation. Read more at https://en.wikipedia.org/wiki/Samuel_Insull
Excerpt from NY Times:
Samuel Insull Jr., an insurance executive and son of the one-time billionaire utility magnate, is dead at the age of 82. Mr. Insull, a resident of the Chicago suburb of Geneva, died Saturday in a nursing home. The Insull fortune, amassed by Samuel Insull Sr., collapsed in the Depression. At its zenith, the younger Mr. Insull estimated his personal worth at $13.6 million. He was a director and vice chairman of dozens of the companies his father controlled. The $3 billion Insull empire included Chicago's elevated rail system, gas companies, what became Commonwealth Edison and more than 140 other companies. At one point in the 1920's, the elder Mr.Insull's companies produced one-tenth of all the electricity in the country. Thousands of investors lost money when the businesses failed.
Read more at https://www.nytimes.com/1983/01/10/obituaries/samuel-insull-jr-82-son-of-utility-magnate.html
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