[LB063318], Letter from Thomas Alva Edison to Walter Cutting, January 12th, 1899
https://edisondigital.rutgers.edu/document/LB063318
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Title
[LB063318], Letter from Thomas Alva Edison to Walter Cutting, January 12th, 1899
Author
Recipient
Date
1899-01-12
Type
Folder/Volume ID
LB063-F
Microfilm ID
143:964
Document ID
LB063318
Publisher
Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University
Has Version
Item sets
Transcription
Jany 12th, 1899
Walter Cutting Esq
Pittsfield, Mass.
My Dear Cutting:-
The original transaction was an exchange of General Electric Stock for New Jersey and Pennsylvania Concentrating stock, share for share, the trade being made when General Electric was with more than New Jersey Works Stock.
When the transaction was closed General Electric had gone down and Robert did not want to carry out the bargain, but wanted to treat it as a loan, we had considerable talk over that subject, and nothing was finally agreed to, as the expectations were that General Electric would pay dividends and the New Jersey Co would also soon be paying.
As neither Company ever paid after the transaction I don’t see why I should be called on for interest. However I have no objections to your selling the General Electric at par and the balance of four thousand dollars I will pay as soon as I can or I will give you four of the Phonograph Works Bonds and close the thing up.
Yours truly,
Thos A. Edison
Walter Cutting Esq
Pittsfield, Mass.
My Dear Cutting:-
The original transaction was an exchange of General Electric Stock for New Jersey and Pennsylvania Concentrating stock, share for share, the trade being made when General Electric was with more than New Jersey Works Stock.
When the transaction was closed General Electric had gone down and Robert did not want to carry out the bargain, but wanted to treat it as a loan, we had considerable talk over that subject, and nothing was finally agreed to, as the expectations were that General Electric would pay dividends and the New Jersey Co would also soon be paying.
As neither Company ever paid after the transaction I don’t see why I should be called on for interest. However I have no objections to your selling the General Electric at par and the balance of four thousand dollars I will pay as soon as I can or I will give you four of the Phonograph Works Bonds and close the thing up.
Yours truly,
Thos A. Edison