Insull Utility Investments, Inc. Stock Certificate

Description

Insull Utility Investments, Inc. Stock Certificate
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Insull Utilities Investment Inc. was a corporation securities firm based in Chicago, Illinois which became insolvent in 1932. It was formed in December 1928 with assets of ,000,000 to ,000,000. The firm was started by Samuel Insull, a former president of Chicago Edison, Commonwealth Edison, People's Gas Light & Coke Company, and Central Indiana Power Company. He was also chairman of the Corporation Securities Company of Chicago, which had a net worth of more than ,000,000 on February 15, 1930. The latter business was created to acquire securities of Insull Utilities Investments and other Insull operating and holding companies.
When the stock market crashed in 1929, Insull had to turn over Insull Utility Investments Inc. to his creditors. Resigning from 60 corporations and facing an indictment, Insull left the country. Although he was acquitted of embezzlement, fraud, and violation of the Bankruptcy Act, Insull became an example of the corruption and fraud which contributed to the Great Depression. The revelation of corporate duplicity brought to light during the Insull investigations led to a public outcry for reform and helped to assure the creation of the Tennessee Valley Authority and the Rural Electrification Administration.
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he images are representative. We do this when multiple quantities are being offfered. You will receive a certificate in similar condition; however dating, denomination, certificate number and issuance details may vary.
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