[D0204ABF], Letter from Willis N Stewart to Herman Ernest Dick, November 20th, 1902
https://edisondigital.rutgers.edu/document/D0204ABF
Transcription
Stationery of Grand Hôtel Stockholm 20 Nov., 1902. Dear Mr. Dick:- I have had a very successful trip so far. Mr. [Tillburg?] has taken great interest in the business and has introduced me to Mr. K. A. Wallenberg, President of the Stockholm Enskilda Bank, the leading financial institution of Sweden. Mr. W. is the J. P. Morgan of Scandinavia, and nothing can be done here without him. He has consented to guarantee the formation of a battery company if you offer proper terms and guarantees. He will be in London on business about Jan. 12, and will meet you if you are there at that time. If not, Mr. Tillberg and others will come when you are ready. Mr. W. has also consented to take up the railway business with me, and will equip a line of his own 11 miles long from Stockholm to a suburban watering place. This will help the whole Continental business. Mr. W. has close relations with the Paris bankers with whom you have been talking battery business, and their decision will govern Mr. W's action largely. I find the Jungner people very strong here financially, and Mr. Tillburg and Mr. W. think it advisable to get rid of them. We propose to purchase their shares as part of my railway business, and I have agreed to pay one half the cost. Mr. Tillberg will quietly buy in the lot as cheaply as possible Mr. W. has also placed me in relations with the Government railway engineers, and they will give me a chance for their work. In estimating on railway work I must know the maximum safe discharge rate of any given size cell. For example, if a cell was a normal (3 1/2 hour) discharge rate of say 10 amperes, what is the maximum possible discharge rate for 1 minute?