Five Years Ago Insull Dominated Chicago Power Empire
Samuel Insull once ruled a vast utility empire from Maine to Texas with 600,000 investors and a $3 billion holdings network. By 1932 his empire collapsed into receivership, his personal fortune vanished, and he faced charges of larceny and embezzlement as his public downfall began.
MENTIONED IN THIS ARTICLE
Samuel Insull
Chicago
Central Press
United States
Canada
America
Turkey
Maine
Texas
Ivar Krueger
Europe
Gold Coast
Insull
Miss X
Mid- West
Peek
Rockies
Insull empire used fictitious profits to pay dividends
The piece details how Insull holding companies shuffled investments and overvalued profits to justify cash dividends. Investigators say Mid-West Utilities showed fictitious profits from 1912 to 1932, sustaining a Ponzi like system until pressure and a lack of new money collapsed the giant network, wiping out investors’ savings.
MENTIONED IN THIS ARTICLE
Mid-West
Insull Utility Investments and
Corporation Securities Company of Chicago
Midas
Main
California
Insull
Mid-West Utilities Company
J Miller Bonner Chosen as President in Tuscaloosa Rise
J Miller Bonner is selected as president with Charles E Rise of Tuscaloosa named third vice president. The announcement notes Bonner's leadership role and confirms the new governance slate.
MENTIONED IN THIS ARTICLE
J. Miller Bonner
Bent
Charles E. Rise of
Tuscaloosa
Jacobses Move to Washington for Federal Post
Mr and Mrs Clarence R Jacobs left Monday to establish their home in Washington D C where Jacobs has accepted a position with the federal government.
MENTIONED IN THIS ARTICLE
Clarence R. Jacobs
Washington, D. C
Mr. Jacobs
Record number in police court case tally
The police court docket for New Year’s saw 86 petty violators arraigned on Monday. Gamesters led with 26, drunks and disorderly cases tied at 10 each, and four violations of prohibition laws. Two for fighting and other offenses rounded out the list. one individual faced charges for drinking and assaulting his wife.
Stolen Plymouth Sedan Reported In Cullman
Cullman police were notified Sunday night of the theft of a Plymouth sedan. Officers believe the thief headed toward Decatur in the car.
MENTIONED IN THIS ARTICLE
Decatur
Cullman
Texas Visitors Visit Dalles and Georgetown Relatives
Wesley Holland a noted cotton man from Dalles Texas and his sister Mrs Milton Lindell of Georgetown Texas are guests of their parents Mr and Mrs RW Holland during their Texas visit from out of town.
MENTIONED IN THIS ARTICLE
Wesley Holland
Dalles
Tex
Milton Lindell
Georgetown
Rw, Holland
Also Mentioned on This Page
Marcy Lee
Chic
Little “Softie
Ohl’s
Kot
LaSalle Street
Dixon
McCord
Committee of
Morgan County
Wyker’s
Samuel Tasull
Thomas A. Edison
Washington
Bright
Thompson
Rexall Drug Store
Decatur High School
Riverside Auditorium
Russell Speake
Second Avenue
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!