Evening star., 1933-02-17
insult DEAL NETS
FAMILY S1,7&,19)
Fancy Bookkeeping Methods
Disclosed by Govern
ment Auditors.
BY the Associated Press.

BY the Associated PreSS.
CHICAGO, February 1.-THE fancy
bookkeeping methods by which the
insult family and their finance com.
panies were alleged to have kited rea.
and paper profits were disclosed yester-
day by Government auditors.
Samuel insult and his immediate
family realized an actual gain Of ST.
752,150 in one instance, the United
States Bureau of Investigation an.
nounced, by purchasing stock from one
company at SIS and reselling to another
at $40 share.
This alleged juggling Of stocks among
the insults and their now bankrupt in
vestment houses, insult Utility Invest.
ments, Inc, and Corporation Securitie.
Co. of Chicago, and the circularizing o1
securities by mail form the basis o.
evidence being presented to the Fedora
grand jury by United States Distric1
Attorney Dwight H. Green.
The prosecutor placed on the stane
today Harold B. Huling, chief of ths
Government auditors, who have amassee
column upon column Of red and BLACK
figures from the books Of the bankrup,
companies.
Statement Made Public.
What Huling told the jurors at ar
all-day session was not disclosed. but
Bureau of Investigation made public
statement showing part of its findings
The insults, Samuel, father and son
Martin, brother, and Mrs. Margaret
insult, wife of the elder Samuel, bought
jaTO86 shares Of insult Utility Invest
ments common stock at SIS q share
December 2S, 1929, the bureau stated
| They then sold the block to Corpora
ton Securities Co. 10 days later at $40
netting the four insults a $1,752, ,l5C
profit.
other transactions found by the Blu.
reau of Investigation were: Corporation
Securities Co. sold 1,250,000 shares Of
its common stock to a subsidiary, Cor.
poration Syndicates, Inc, and TO !nsuli
Son g. Co. These Immediately trans
ferred the stock to another subsidiary
Utility Securities Co., at proflt OF ot
cents a share netting the corporation
syndicates $299, TAB which II paio pacs
to Corporation Securities Go. as oiVi-
dends.
insult Utility Investments, Inc.
charged $2,146.911 from its earnings al
stock dividends paid to Corporation
Securities Co. which credited the dlVi'
dends as S4,041 ,555 income.
In the same four-year period, Corpo.
ration Securities charged of $246, 47t
| from its earnings as dividends to !nsul
Utility Investments, which put 1t or
the books as S679,91 credit.
And in that same period Middle Yves,
| Utilities paid stock dividends chargec
| on its books at $4,181,622 to 1nsul
Utility Investments, which carried the
dividends received at $8,240, ,348.
| Scored by Opera Star.
Mary Garden, volatile as ever. chost
this day to perform a deft bit OF ora
surgery on Insult, the music magnate.
| The famous opera stars theme SOM
was Music and Money Don't Away
Mix"
samuel insult killed opera in Chi
cago" she charged
| She has said that before. Last nigh
| she told why, in her opinion.
when insult became president OF tn
Grand Opera Co. four years ago. n
| set himself up as czar," said Mary
| He dictated everything. He fired star
because of personal prejudices. He tolt
us what to sing and how to sing it.
HE couldn't do that. He was {
financier-not a musician; an entire
preneur, not an impresario. When h
moved us from the old Auditorium t.
his new Civic Opera Building he tool
us from certain present to a dubiou
future.
"And today Chicago has no gran'
opera
The Civic Opera Building is now tn
scene Of an occasional operetta-'
monument to musical enterprise tina
struck sour note.