[D8325ZBT], Letter from Sherburne Blake Eaton to Thomas Alva Edison, August 9th, 1883
https://edisondigital.rutgers.edu/document/D8325ZBT
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- Title
- [D8325ZBT], Letter from Sherburne Blake Eaton to Thomas Alva Edison, August 9th, 1883
- Editor's Notes
- Regarding the debt of $67,000 ( that is the amount today) of the Light co. to the Isolated Co. You ask why not call up all the assesements of the parent co. All assessments have been called; there are not more of them. You ask why not call up the assesements on the Isolated. There are three good reasons 1) the Isolated Co. would have to render a dividend on a million dollars (it now has one due on $750,000). We want to make a dividend as large as possible and not be burdened with dividend on debt to the Light Co. 2) the amount therefore collected from the stock holders 375,000 ought be be enough for the business. I would be ashamed to call more 3) I don't think a director of the Isolated Co can in good conscience or law vote to call an assesemant so long as the light company and the Ill. Co. owe $70,000 to the Isolated Co, which would be all the money it needs for business in the coming year.
- Author
- Eaton, Sherburne Blake
- Recipient
- Edison, Thomas Alva
- Mentioned
- Edison Electric Light Co
- Date
- 1883-08-09
- Type
- Letter
- Folder ID
- D8325-F
- Microfilm ID
- 66:602
- Document ID
- D8325ZBT
- Publisher
- Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University
- License
- CC0 1.0 Universal
- Has Version
- Archive.org Viewer, Microfilm Series Reel 66