NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2010 Aug 16 @ 11:00UTC-4 : AST/EDT
Stock certificates from the United States and other countries around the world. Items offered cover a wide variety of collecting topics including automotive, railroads, mining, autographed and much more.
SAMUEL INSULL (1859-1938). Public utility magnate. Insull served as personal secretary to Thomas Edison, eventually taking control of most of the Edison General Electric Company. His experience in the electric industry and keen optimism for its future led Insull to his development of an enormous utility holding company with assets in excess of two billion dollars. His pyramid of holding companies collapsed due to the combination of his highly leveraged position and a September 1931 stock market crash. In April of 1932, the top Insull companies went into receivership, thus ending the reign of one of America's leading symbols of prestige and business success of the 1920s. Insull's signature is rarely encountered on stocks/bonds other than his Louisville and Northern Railway and Lighting Company. TLS. 1 Page. October 14, 1930. On imprinted Edison Building letterhead to J. E. Kelly, Esq.; “I have yours of the 11th. I will look up an early photograph of myself and send it to you as soon as possible. I enclose you, herewith, draft on New York for $500 to cover the cost of the Edison Medallion. Hoping that your health is thoroughly recovered, believe me. Yours very truly, Samuel Insull. Fine.
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