[D0103AAE], Letter from Louis Edwin Bomeisler to Thomas Alva Edison, February 19th, 1901
https://edisondigital.rutgers.edu/document/D0103AAE
Transcription
Feb 19th, 1901 My Dear Edison:- Your prompt reply to my letter of 18th inst at hand for which thanks. I fully appreciate your position and concur in your views as you expressed it. While I perfectly trust you and feel that as to this business I am safe in your hands, my only fear is that, if you depart leaving the matter to correspondence with your associates, much unnecessary delay will result which might prevent me from going forward during your absence. Your idea has been to sell direct at a manufacturers profit, thus incurring commercial hazard of litigation and death. My plan in no way interferes with the above proposition of manufacturing by you at a manufacturers profit for the entire product of consumption. In addition to your plan however, your Company receives $3,000,000 in cash thus discounting the future while preserving all that you originally contemplated retained namely; a progressive manufacturing business. Note that the 50 percent item over purchasing cost to preserve an open market insures the above. I fail to see how your associates any more than yourself can reject a cash return upon their investment which accomplishes in first instance and without additional investment more than they could have hoped to realize by years of manufacturing I do wish that you could get this matter shaped up with them before you go. I think they will jump at the opportunity particularly if you cast the weight of your influence and judgement in its favor. They know that you above all can measure the value of the property and your views and pleasure should control them irrespective quite of their wish. This is to my mind quite very important and I think it will be well for you to make an effort to reach them so that I can know your pleasure before you depart. Pardon my tenacity and insistence. You will recognize in it only the attributes of your success. With best wishes, Yours sincerely, E. Bomeisler