SAMUEL INSULL - AUTOGRAPH 12/12/1929 - HFSID 182603
SAMUEL INSULL Signature of the indicted Chicago financier. Signature: "Samuel Insull/Chicago Dec 12th 1929", 4x2¼ card. Penned on verso in another hand: "Commonwealth Edison Co Chicago/1929"
Sale Price $324.00
Signature of the indicted Chicago financier.
Signature: "Samuel Insull/Chicago Dec 12th 1929", 4x2¼ card. Penned on verso in another hand: "Commonwealth Edison Co Chicago/1929". Samuel Insull (1859-1938), formerly Thomas Edison's secretary, controlled Chicago's transit system. After numerous mergers he expanded his operations throughout Illinois and into neighboring states. In 1912, he formed a mammoth interlocking directorate that operated over 300 steam plants, almost 200 hydroelectric generating plants and numerous other power plants throughout the United States. After his empire collapsed in 1932, Insull was indicted on charges of bankruptcy, embezzlement and using the mails to defraud investors. Thus began an 18-month chase. Insull went to Greece, then Turkey. Extradited to the U.S. in 1934, he was tried and acquitted. In his heyday, Insull was a major philanthropist. He died with $1,000 in assets and $14 million in debts. Fine condition.
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