[D0018AAA], Letter from Raphael Consonni to Stephen Fossa Moriarty, February 9th, 1900
https://edisondigital.rutgers.edu/document/D0018AAA
Transcription
Letterhead of Raphael Consonni 34, Rue de la Victoire, Paris, February 1900. Mr Stephen F. Moriarty New York. Dear Sir, I beg to inform you that by a resolution of the meeting of the shareholders of the "Société Française de Phonographes Edison Bell" held on the 31st ult. the Company has been put in liquidation and that I have been appropriated liquidator. The shareholders have come to that decision, because of your not having delivered the rights you have sold and therefore the company had no more reason to exist. In my capacity of liquidator I have decided to distribute the balance of the money paid by the shareholders among them as repayment of their application for shares and I have just paid frs [10] per share as a first instalment. We are therefore entitled to frs 3.000 for the 150 shares you are holder of. I consider that you are responsible for the loss incurred by the shareholders through the expenses entailed by the formation of the company and its management and for the prejudice caused to the Company by your having failed to fulfill the engagements you have undertaken, but I am prepared to settle the matter amicably if possible and therefore I propose you to pay you the dividends for the 150 shares applied for by you and to give you back the patents you have sold to the Company, on the condition that the shares and "parts bénéficiaires" allotted to you as purchase price will be annulled. In case this proposal is not agreed to by you, I declare to make reserve for all claim for the prejudice sustained by the Company. Yours truly, The liquidator of the Société française de phonographes Edison-Bell. R. Consonni