Word: fitkin
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Dates: during 1930-1939
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...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...
Being a good businessman has not caused Mr. Fitkin to forget his religious training. In memory of a son who died at 18 he has built the Raleigh Fitkin Memorial Hospital at Yale, the Raleigh Fitkin and Paul Morgan Hospital at Asbury Park, N. J., the Raleigh Fitkin Memorial Hospital at Bremersdorp, Swaziland, South Africa (which he visits frequently). Another gift was $1,000,000 for the establishment of the 200-acre Raleigh Memorial Farm and Institute for Crippled Orphans at Scobeyville...
Proud Utility. One of the few large independent utility companies is United Illuminating Co. which furnishes New Haven and Bridgeport with electricity. Long has it been understood that United Gas-Improvement Co. of Philadelphia and the Fitkin interests (Abraham Edward and Willis Fitkin) have sought to obtain control of United. Last week United's directors proposed that stock in the company be trusteed for 15 years to assure local control. Mechanics of the plan involve formation of a new company, Illuminating Shares Co., issuance of two shares in this company for each share of United deposited. United Illuminating stock...