Business: Troubles

After Samuel Insull's gigantic utility empire began to crack up (TIME, April 18 et seq.), people thought the bankers would keep the Dean of Utility Operators to help them salvage the wreckage. But last week 73-year-old Samuel Insull resigned from the chairmanship of his three finest operating properties, Commonwealth Edison Co., Peoples Gas, Light & Coke Co., Public Service Co. of Northern Illinois. Said he: "Due regard for my health necessitates my retirement. . . ." He also re-signed as one of the three receivers of Middle...

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