[CG001AAN4], Report from Edison Ore Milling Co Ltd, Samuel Insull, January 14th, 1889
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Title
[CG001AAN4], Report from Edison Ore Milling Co Ltd, Samuel Insull, January 14th, 1889
Editor's Notes
The re-organization of the Company resulted in renewed efforts being made by Mr. Edison with a view to perfecting his system for concentrating Iron Ores. His work in this connection has resulted in what would appear to be complete success. The Officers of the Company have made preliminary arrangements with a Synidcate to operate the patents of the Company for dealing with Iron Ores in Pennsylvania and New Jersey. The first plant is now being constructed and will doubtless be in operation within the next few months. Should this plant prove successful the same Syndicate will proceed to erect plants throughout New Jersey and Pennsylvania.##Exactly what royalty the Ore Milling Company will receive from the Syndicate has not yet been decided upon. It has been thought better to postpone the final decision on this matter until such time as the exact economy of the Concentrating Precess can be fully established. The arrangements under which the Pennsylvania and New Jersey business will be operated are very favorable to our company inasmuch as should the enterprize prove a failure no obligation whatever will be incurred by The Ore Milling Company, but in the event of the business proving a success, your Company will derive benefits in the shape of royalties.##A somewhat similar arrangement has been made with relation to the States of Michigan, Wisconsin and Minnesota. A plant is now being erected in the Lake Superior District by a Company recently formed in Chicago to work the patents in the States above mentioned.##It has been thought desirable to await the results of these two initial plants, one in the Eastern States and the other in the Western States, before vigorously pushing the business in the remaining territory. Parties who in the first case are willing to risk their money on a comparative uncertainty, naturally expect better terms than they would be able to obtain were the business a firmly established one, and the profits accruing from the Edison System beyond question should the two plants referrred to prove a success, there is very little doubt but that a large and lucrative business can be developed in all Magnet Iron-bearing Districts.##Since the re-organization Mr. Edison has devoted a great deal of time to experimental work on his system for working Rebellious Gold Ores. The success which has so far attended his efforts would seem to show that eventually he will produce a system which will successfully deal with these Ores, and consequently bearing a large revenue to your Company. So far, Mr. Edison has not been able to devote the whole of his time to this particular line of experimental work, but he promises in the near future to do so.##With the immediate development of the Iron Concentrating Process, and the possibility of Mr. Edison's experiments to work the Gold Process proving a success, we think that your Company has reason to take a very favorable view of its future prospects doing a successful business. Samuel Insull Vice Prest.
Mentioned
Date
1889-01-14
Type
Subject
Folder/Volume ID
CG001-F
Microfilm ID
97:464
Document ID
CG001AAN4
Publisher
Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University