[D8337ZFT], Letter from Charles Batchelor to Thomas Alva Edison, December 9th, 1883


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[D8337ZFT], Letter from Charles Batchelor to Thomas Alva Edison, December 9th, 1883

Editor's Notes

I agree with Bailey letter to Eaton on the principle that no large capital can be enlisted in our enterprise here while there are restrictions on ins actions and there is no doubt that the entire control must be held here by these people. What do you get in return for giving up your right? 1) You do not have to pay back the 2,000,000 and therefore the founders shares would have an immediate value. 2. Royalty on the lamp coming direct to the founders shares. # the royalty on the lamp is a big thing =, but the percentage of profit is worth very little, there are so many ways of making no large profits and these Jews are so keen that it is doubtful in my mind if we get anything from that in 10 years. The telephone here with large capital and magnificent business never paid a dividend. # I believe Porges will pay a great deal to get the control because I have talked with him. You should demand: 1) advance royalty in no case to be paid back; 2) whenever a contract is made where money is paid in, a certain percentage should go direct to the founders shares. TAE " May Eaton Pls return" E




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