[D8340ZAO], Letter from Spencer Borden to Thomas Alva Edison, June 26th, 1883


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[D8340ZAO], Letter from Spencer Borden to Thomas Alva Edison, June 26th, 1883

Editor's Notes

Yrs of 25th rcvd. "The policy you suggest in getting capital for local companies is that which I try in every instance. In only one case, that of Lowell, has it been assented to by local capitalists." At all other places, local backers "have asked to see the figures before committing themselves." "Your remarks concerning the coming of other agents into the territory of this department to seek to organize companies quite changes the conditions as indicated in your former letters.." TAE: "you entirely misunderstand my letter please read it over again, & you will learn that nothing is asked of the local people except that to agree to put money into the scheme if you present a [---] & can show them that it is a profitable scheme = The broad idea is that a canvass will be made & tender drawn up in every case where there is reasonable assurance that if it is favorable the local parties will go in until they have seen the tender & organize they pay no money whatever -- Read the letter again =" xxx poss select or look for TAE outgoing on this subject; good view of dealing with local backers/franchises dh xxx




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