Insull Utilities Investment Inc. was a corporation securities firm based in

Chicago, Illinois (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = List of sovereign states, Count ...

which became insolvent in 1932. It was formed in December 1928 with assets of $23,000,000 to $24,000,000. The firm was started by

Samuel Insull Samuel Insull (November 11, 1859 – July 16, 1938) was a British-born American business magnate. He was an innovator and investor based in Chicago who greatly contributed to create an integrated electrical infrastructure in the United States ...

, a former president of Chicago Edison,

Commonwealth Edison Commonwealth Edison, commonly known by syllabic abbreviation as ComEd, is the largest electric utility in Illinois, and the in Chicago and much of Northern Illinois. Its service territory stretches roughly from Iroquois County on the south to t ...

, People's Gas Light & Coke Company, and Central Indiana Power Company. He was also chairman of the Corporation Securities Company of Chicago, which had a net worth of more than $80,000,000 on February 15, 1930. The latter business was created to acquire securities of Insull Utilities Investments and other Insull operating and holding companies. Attorneys for Insull Utilities Investment's creditors filed a suit in a

US district court The United States district courts are the trial courts of the U.S. federal judiciary. There is one district court for each federal judicial district, which each cover one U.S. state or, in some cases, a portion of a state. Each district co ...

Danville, Illinois Danville is a city in and the county seat of Vermilion County, Illinois. As of the 2010 census, its population was 33,027. As of 2019, the population was an estimated 30,479. History The area that is now Danville was once home to the Miami, ...

on September 22, 1932.''Insull Sold Stock To 205 At Half Rate'',

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, September 23, 1932, pg. 27. The failure of the corporation is significant because it came during the Great Depression, and its founder was a leading businessman in Chicago. The 73-year-old financier planned another venture into public utility financing following the collapse of Insull Utilities Investment Inc.''Insull Planning New Public Utility Venture'', Wall Street Journal, September 9, 1932, pg. 6.

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Insull Echoes
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Time Time is the continued sequence of existence and events that occurs in an apparently irreversible succession from the past, through the present, into the future. It is a component quantity of various measurements used to sequence events, t ...

'' Insull Investment Utilities Inc. Insull Investment Utilities Inc. Insull Investment Utilities Inc. Insull Investment Utitlities Inc. 1928 establishments in Illinois 1932 disestablishments in Illinois