| | | Corporation Securites Company of Chicago 1930 | Beautifully engraved Certificate from the Corporation Securites Company of Chicago issued
in 1930 - 1931. This historic document was printed by the Republic Banknote Company and has an
ornate border around it with a vignette of an allegorical man holding lightning with a dam in the background. This item is hand signed by company's officers and is
over 69 years old.
Born in London, Samuel Insull traveled to the United States to head Thomas Edison's Construction Co. By 1892, he was president of the Chicago Edison Company and amassed a utilities empire across 30 states under the two major holding companies of Insull Utility Investments Inc. and Corporation Securities Company of Chicago . When the stock market crashed in 1929, Insull had to turn over 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.
Note:
All Stock and Bond
Certificates are actual authentic certificates and are sold only as collectibles.
We do not sell reproductions and offer a lifetime guarantee to the
authenticity of everything we sell.
All Rights Reserved. © 1996 - 2008 Scripophily.com ©, Scripophily .net (tm), Wall Street History - Lost and Found (sm), Bob .com ©, ConfederateBonds.com, CSABonds.com, StockLedger.com, Old Company Research (tm), Stock Research, Old Stock Exchange ©, Gift of History (sm),
Scripophily Exchange (tm), EBITDA.com., PSTA - Professional Scripophily
Traders Association, Stock Research Service, OldCompany.com, StockCalendar.com, PSTA.COM, Bob Kerstein © and Encyberpedia ©. You may link to the site, but
please do not copy any images or information without our expressed written permission.
If you are publishing a book for educational purposes or with the press, please
contact us directly at 703-787-3552 for use of our content.
|
American Institute of
Certified Public Accountants
Bob Kerstein, Member |
|
|
American Numismatic Association
Securities and Exchange
Commission Historical Society
Society of Paper Money Collectors
Member |
Better
Business
Bureau Member |
|
| | | |