Samuel Insull autographed Louisville and Southern Indiana Traction Co. - Stock Certificate
Inv# AG1371 Stock
Kentucky
Samuel Insull (1859-1938), Public Utilities Magnate. Became Thomas A. Edison's private secretary on coming to America in 1881 and advanced to Presidency of Chicago Edison Co., 1892. In the Utilities business he initiated many new techniques and concepts which became basic economic principles of the electric power industry. By 1907 Chicago's electricity was entirely Insull-operated. Later, he became overextended financially and the Insull empire collapsed in 1932. He fled to Europe but returned and was acquitted of mail fraud, bankruptcy and embezzlement charges. He signs this 1904 Kentucky & Indiana stock as President.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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