Word: fitkin
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Dates: during 1930-1939
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Died. Abram Edward Fitkin, 54, Manhattan public utilities operator who sold out before the Crash, bought back afterwards; of chronic myocarditis and interstitial neuritis: in Manhattan. Son of an English-born harness-maker, he gave up trying to be a Pentecostal minister, built up a huge chain of utilities. He sold his National Public Service Corp. to Day & Zimmerman, Inc. in 1926 for reputedly $250,000,000 and Inland Power & Light...
Venture's End. Two years ago Abram Edward Fitkin, a confident, testy builder and vendor of public utility systems, sold control of Pacific Public Service Co. to Standard Oil Co. of California. The purchase put Standard into several new fields. Through subsidiaries P. P. S. operates the largest bottled spring and distilled water business in the world and 20% of its revenue comes from this source. It also sup plies electric light, power and natural gas to 80 California communities in two areas. Most important of these areas is the industrial region in Contra Costa County (along the northeast...
...acquired rich properties in New Jersey which were increased last year with the purchase, by a subsidiary, of a company previously controlled by Mr. Insull's fellow Chicagoan, Harley Lyman Clarke, through Utilities Power & Light. In 1931 Mr. Insull bought the eastern electric and water properties of Abram Edward Fitkin's Atlantic Public Utilities, Inc., giving him a foothold in every Atlantic State except Rhode Island...
When he is not yachting on Memory III, Mr. Fitkin lives at Allenhurst, N. J. on a large estate overlooking the ocean. A few years ago he went to California, saw and liked bungalows. The result was that when he returned he moved his colonial home to the back of the estate, built a large bungalow on its site. On this estate, he raised, besides many an imported shrub and prize dog, an able active son: Willis Carridine Fitkin, 23, who is now vice president of the Fitkin companies...
...deal on which Father & Son were working last week consisted of selling the Eastern electric and water properties of Atlantic Public Utilities, Inc., to the Insull interests. After getting control of Atlantic last year through a holding company Mr. Fitkin promptly placed it in receivership. Atlantic has $60,000,000 in assets, more than half of which will be sold to Insull. The remaining assets are in water and ice properties and the 160-mi. Cleveland Southwestern Ry. What Mr. Insull buys from Mr. Fitkin is the electric and water service of 200 communities in 13 states, most of which...