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...state court where charges of embezzlement awaited Insull an additional bond of $50,000 was demanded. Six private citizens stepped forward with $100,000 in real estate to pledge for his appearance at trial. One was John R. Palandech, advertising and publicity representative of foreign language newspapers. Another was Abe Salitsky, junkman, who did not know Insull and had lost $50,000 in the collapse of the Insull companies. He put up a $60,000 apartment house. To his six benefactors Sam Insull made a little speech: "I want to thank you. This is encouraging. I appreciate it more because...

Author: /time Magazine | Title: GRIME: Insull Out | 5/21/1934 | See Source »

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