Middle West Utilities Company

Middle West Utilities Company
Item# 1703

Middle West Utilities Company
Middle West Utilities was the holding organization for more than 230 electrical lighting and power plants, gas and water utility companies, ice-manufacturing works, street railways, and electric interurban railroads in Illinois, Indiana, Kentucky, Missouri, Oklahoma, and certain New England states. Formed in 1912, the company was headed for a time by Samuel Insull's brother, Martin. Martin's claim to fame was not a good one, he became the business enemy of Franklin D. Roosevelt. Martin Insull fought against Roosevelt's attacks against the Insull utility companies. Also, Roosevelt was denied a job at the Associated Gas & Electric Company because of Insull's opinion that he possessed poor qualifications for the position. Roosevelt never forget this, and the fued began. The Insull empire grew tremendously until the crash of 1929, when the house of cards collapsed. In 1929, J.P. Morgan gobbled up Insull shares until enough were purchased the fold the company into the United Corporation.

Certificate: Common Stock, issued in the 1930s

Printer: Western Bank Note Company

Dimensions: 8 (h) x 12 (w)

State: IL-Illinois

Subject Matter: Utility Companies | Electric Companies | Holding Companies

Vignette Topic(s): Allegorical Featured | Male Subject | Nude Subject | Dynamo Featured | Electric or Gas Light Featured | Skyline Scene

Condition: Vertical fold lines, punch hole cancels in signature areas and body, and some toning and edge faults from age.

All certificates are sold only as collectible pieces, as they are either canceled or obsolete. Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. Unless otherwise indicated, images are representative of the piece(s) you will receive.