Show INSULL RESIGNS RAILWAY POSTS Federal Court Audits Accounts Accounts Accounts Ac Ac- counts of Company to Learn Liability co Dr Associated 1 Press Freu CHICAGO June 8 Samuel 8 Samuel Insull has withdrawn from all his rail Interests Inter inter- ests and md 52 other corporations and Imade made complete his abdication from the vast utility empire he founded it was learned today Meanwhile a federal court audit was being made of the Insull Utility Investments Inc to o determine if there Is any personal liability of or officers and directors Should such liability in management of oC the half dollar trust company company com corn pany during the last lost two years be shown hown Federal Judge Walter Lindley Lindicy yesterday told attorneys for investors civil action should be taken to re recover recover recover re- re cover from rom the officers such funds as could be obtained SIGNS RESIGNATION Almost at the same time Judge Lindley was revealing the audit was wasn in n progress Insull was preparing and signing the resignations which removed removed removed re re- re- re moved him from the control of ot the Chicago Rapid Transit lines Chi Chicago go North forth Shore Milwaukee railroad Chicago South Shore South Bend railroad and the Chicago Aurora Elgin railroad in addition to the 52 others Earlier in the tile week he had relinquished relinquished relinquished relin relin- the reins of ot his three large Chicago area operating companies and their interests to James Simpson 1 head of or Marshall Field Co and yesterday his resignation as cr er of large holding and trust companies companies com corn panics was accepted by Judge Lindle Lindley GIVES UP HOLDINGS The man who rose from the obscurity obscurity ity ty of or an English secretary immigrant-secretary to o Thomas Edison at 72 years of age agelas has las severed his connections with his whole family of corporations most of which he founded himself or helped build in his rise to become one of the most Imposing figures in the history of American utilities Toda Today it was reported Insults Instills banking banking bank- bank ing ng and other creditors creditor have decided to o vote him a pension of a year and from persons close to the former magnate said he would sail for Europe Europe Europe Eu Eu- rope soon with Mrs Insull to rest from Crom the he strain of the last few months in which he tried to save his huge holding holding hold hold- ing lag companies from Crom receivership |