Business & Finance: Fitkin Sells Again

"If I possess outstanding qualities, I suppose they are good judgment, courage, industry, and a certain inborn genius." So once spoke Abram Edward Fitkin, 52, whose business consists primarily of buying and selling utility properties, who last week was once again negotiating a big deal with Samuel Insull.

Abram Edward Fitkin was the son of a harnessmaker, had twelve brothers and sisters. He studied for the ministry, married at 17. Five years later he announced: "It is better to be a good businessman than a poor minister." He became a bond salesman, saved up $75,000 from commissions.

With a $400,000 loan from a...

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