[D8132ZAS], Letter from Theodore Puskas, Joshua Franklin Bailey to Thomas Alva Edison, September 16th, 1881

Item

Abstract

Encloses copy of telegram sent this date, giving terms that Paris syndicate and their associates will accept. Can't invest 5M francs in a factory; that's too much along with another 5M francs [to form company?] before a station set up in Paris. Wrt capitalization: if capital is in the several hundred million franc range, with TAE getting 150-200M francs, "everybody would be frightened off from us, while in this form it will pass." Thinks can capitalize at $60M, on basis of 20M inhabitants in citeis over 10K people. Also isolated plants and smaller towns; "we woujld form a syndicate with yourself, any friends you want in, Batchelor, and Puskas and myself on terms that would make it a good thing. It is with this inducement that I have broken him off from the Fr. Egyptian Harjes group and got him to go to our terms…" They won't agree to 5% of gross income from mfg plant going to TAE, but will probably agree on percentage of profits.

Date

1881-09-16

Decade

1880-1889

Type

Identifier

D8132ZAS

Folder Set

D8132

Title

[D8132ZAS], Letter from Theodore Puskas, Joshua Franklin Bailey to Thomas Alva Edison, September 16th, 1881

Microfilm ID

58:492

Publisher

Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University