TRIAL OF INSULL.
ADDRESS IN DEFENCE,
CHICAGO, Nov. 1. Nearly a month after the start of his trial, Samuel Insull to-day gave evidence on his own behalf.
Aged and careworn, Insull reviewed his career from the time Thomas Edison brought him to this country in 1881 to the time he became head of _ the “Utility Empire,” embracing thirtynine States.
Insull absolved his sixteen co-de-fendants, including his soil, blaming the ruin of his companies on his own acts, which he characterised as “honest errors.” He claimed that lie rejected an offer from Air Stanley Baldwin of the chairmanship of the British hightension power development in 1926 because be wanted to devote himself to his investments here. “ I could have gone to England and duplicated the reputation there that I have made here,” he added.
Samuel Insull and sixteen colleagues, including his brother Martin, are being tried on charges in connection with the collapse of vast utility holdings in 1932. Tlie group is specifically charged with using the Federal mails to defraud investors of 143,000,000 dollars, that being the issue of stock sold after Insull allegedly knew the company was insolvent.
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https://paperspast.natlib.govt.nz/newspapers/MS19341103.2.85
Bibliographic details
Manawatu Standard, Volume LIV, Issue 289, 3 November 1934, Page 7
Word Count
189TRIAL OF INSULL. Manawatu Standard, Volume LIV, Issue 289, 3 November 1934, Page 7
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