The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1934-05-07
UTILITIES TYCOON
BACK IN AMERICA
T0FACE CHARGES
Gives Out Statement Saving
Judgment Was Bad But
Honesty Unimpeached
TRIED TO SAVE COMPANIES
Says He Did Not Want to Be
Tried Until Firms Had
Been Recognized

rOIC 0duCOck, N. u, May 7.-tP)-
Samuel Insull, brought back from
Greece to face federal charges as a
result OF the collapse OF his utilities
empire. was landed here at 8:l5 q. M,
daylight time Monday.
He was placed in an automobile to
be taken to Princeton Junction, N. j.,
there to be placed aboard q train for
Chicago.
On the coast guard cutter Hudson,
to which he was transferred from the
steamer Exilona at Ambrose lightship
at CAT a. n... daylight time. he Is
sued the first statement discussing
the charges against him in Chicago.
Il have erred. but my greatest error
was in Understanding the effects of
the financial panic on American secu-
rites, and particularly on the COM
panies l was trying to build" his
statement said
He continued:
L worked with all my energy to save
those companies. / made mistakes
but they were honest mistakes. They
We're errors in judgment, but not dis
honest manipulations."
His opening remark in the state
ment was:
Will Seek Vindication
Il am here in America to make the
most important fight of my life-not
only for freedom, but for complete
vindication."
Before handing the statement to
reporters, insult told them:
This is the first statement I've
made on either side Of the Atlantic in
relation to my case. Anything else
has been faxed"
insult was met at Ambrose lightship
by his son, Samuel insult. Jr.. and
affectionately greeted by him on the
Exilona. The two breakfasted togeth-
err.
Arrangements for meeting the
former utilities magnate were made
by the state department and were
intended to be very secret.
However, when the transfer was
made one airplane and two seaplanes
scared overhead. Two tugs and two
yachts unanswered about.
The coast guard cutter Hudson left
the Battery, New York city, at 10 p.
m. Sunday with newspapermen, state
department officials and Samuel In
sui. Jr., aboard. It tied up at the
public health station at quarantine
until 4 a. m, and then set out to meet
insults ship.
AS the cutter drew alongside the
Exilona at the break Of dawn, the grey
haired insult could be seen for a
moment on an upper deck.
Where is my SOM" he shouted.
Where is my SOM"
Father and Son Embrace
Young insult clambered up ladder
onto the Exilona, up another ladder
and to the deck. His father shouted
Hello, boy!'-and embraced him.
Both OF them were visibly shaken.
insult was assisted by sailors on ),
Exllona as he made his way down the
ladder and was grabbed by sailors Of
the Hudson as soon as they could
reach him. Others watched the scene
with nervousness.
~ SS0O Va AAA0uA4 . 0G0VCA1IC1L 4Ols
lows:
Il am back in America to make the
most important fight OF my life-not
only for freedom but for complete vim
dication.
Two years ago when I left THU
country, there were no charges against
me-
When left the companies, which,
over period Of 40 years I had helped
build, were in the process Of reorgani.
cation. The honest effort to protect
these companies and the investors in
them made the reorganization neces-
Sary.
Arbitrarily, had been instructed
to resign the head Of these companies
which had built and which I had
tried to protect.
Il was told that I was no longer
needed. Tired from the fruitless
struggles to save the investments Of
thousands OF men and women, dis
couraged in my attempts to save the
Continued on Page Two)