OCR Text |
Show Federal Judge Writes Finish To Old Insull Empire Not every reader of this article ar-ticle will remember Samuel Insull, In-sull, or the huge utility empire that he dominated some years ago. There was a time when the Insull regime led the pyramiding-1 of holding companies which crashed ignominiously. The end of the empire came the other day when a Federal judge ordered two tons of documents doc-uments destroyed and Fold as scrap paper. They included old bonds, debentures, stock certificates, certifi-cates, vouchers, receipts and cancelled checks. Incidentally, news articles point out that creditors, with claims of $57,000,000, were paid off at the rate of $90 a $1,000 and that stockholders in the "empire" got nothing. |