![]() ![]() ![]() Swekosky was a contemporary of John Albury Bryan in Landmarks Association, with both referred to as “walking histories of St. Swekosky thus acquired the freedom he needed to “spend my spare time on my houses.” Entering a new vocation Built on air, a company like Peoples Gas Light and Coke, hovering around bankruptcy, would be bought by Insull for $20.00/share, and less than a decade later, be valued at $400.00/share, largely on the strength of Insull’s Midas touch. An outcry for reform led to creation of both Tennessee Valley Authority and Rural Electrification Administration.ĭuring the 1920s, Swekosky learned to time purchases and sales of Insull stocks in various enterprises. He became a symbol of the corporate corruption that led to the Great Depression. Extradited, Insull faced trial three times for fraud and embezzlement. When the market crashed in 1929, he surrendered his companies to creditors and fled the country. He even made the cover of Time Magazine, which wrote admiring essays in 19. The company’s stock sold well on his vigorous and hyperbolic promotion. He was president of Commonwealth Edison in 1907, having built a utilities empire across 39 states. Samuel Insull was like the Kenneth Lay (Enron Corp) of his day. Continue reading “1934: John A Bryan on Clearing The Air” Author Mike Posted on SeptemFebruCategories Historic Events, Historic People, Historic Photos, Medium Essays (1001 - 3000 Words) Tags Air pollution, Bernard Dickmann, Black Tuesday, Frank McDevitt, John Albury Bryan, Mill Creek Sewer, Raymond Tucker 4 Comments on 1934: John A Bryan on Clearing The Air 1949: John Albury Bryan Reboots Lafayette Square City efforts at smoke abatement through legislation reached back to the late 1860s, but the power of the coal business and low cost for home use kept it a perceived necessary evil. Louis every winter, dimming the daylight and causing respiratory issues. The smoke from soft coal hung heavy in the air of St. Most residents followed suit (or is it soot?) and burned coal to heat their homes. It made for cheap power, which allowed energy intensive industries like brick works and steel makers to thrive here. Louis was simultaneously blessed for growth and cursed for livability by its proximity to the rich bituminous coal deposits of Southern Illinois. ![]()
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