Insull Utility Investments, Inc. - 1930 dated 10 Year 6% Gold Bond - Facisimile for Sale

On eBay Now...

Insull Utility Investments, Inc. - 1930 dated 10 Year 6% Gold Bond - Facisimile For Sale

When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

Insull Utility Investments, Inc. - 1930 dated 10 Year 6% Gold Bond - Facisimile :
$175.00

$1,000 6% Gold Bond printed by American Bank Note Company. 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 $23,000,000 to $24,000,000. 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 $80,000,000 on February 15, 1930. The latter business was created to acquire securities of Insull Utilities Investments and other Insull operating and holding companies. Attorneys for Insull Utilities Investment\'s creditors filed a suit in a US district court in Danville, Illinois on September 22, 1932. The failure of the corporation is significant because it came during the Great Depression, and its founder was a leading businessman in Chicago. The 73-year-old financier planned another venture into public utility financing following the collapse of Insull Utilities Investment Inc. Read more at Excerpt from Libertyville-Mundelein Historical Society, October 23rd, 1972. The program this evening is given by Samuel Insull, Jr. on the life of his father, Samuel Insull: Samuel Insull, Jr. was born in Chicago and graduated from St. Paul\'s School of Concord, New Hampshire in 1918. He then earned his mechanical engineering degrees at the Sheffield Scientific School of Yale. On leaving school, Mr. Insull entered the business world of public utilities, starting as a statistical clerk for Middle West Utilities. Before resigning in 1938 to go into the insurance business, Mr. Insull held many important positions in the public utility field. Among them being vice chairman of Commonwealth Edison Company, vice chairman of Public Service Company Northern Illinois, and vice chairman of People\'s Gas, Light, and Coal Company. And I believe that at one time he held these three offices simultaneously. In 1946, Mr. Insull was vice president of Central Barge Company of Chicago, and from 1947 to 1949 vice president of Stewart Warner Corporation. He was in the Illinois National Guard from 1917 to 1934, including his service as a Lieutenant Colonel. He was on active duty with the United States Naval Reserve from 1943 to 1945, at grade of Commander. He is a lifetime trustee of the Museum of Science and Industry, trustee emeritus of Chicago Natural History Museum, and lay trustee of Loyola University. Mr. Insull resides in Geneva, Illinois with his wife Margaret, and operates an insurance company in Chicago with his son, Samuel Insull III. Item ordered may not be exact piece shown. All original and authentic.