[D8543H], Report from Edison Ore Milling Co Ltd, August 1887

https://edisondigital.rutgers.edu/document/D8543H

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Title

[D8543H], Report from Edison Ore Milling Co Ltd, August 1887

Editor's Notes

[Preprinted document to stockholders: "Proposed Plan of Reorganizing the Edison Ore Milling Company, Limited"] urges stockholders to accept TAE's plan for recapitalizing the company at $2 million, retiring old stock, and issuing new; provides historical account of co. from founding in 1879 to 1885; notes that TAE initially was to receive $10,000 yearly salary and 30% of profits; TAE's inventions for separating iron ore from magnetic sands were successful, but due to difficulty in smelting separated ore, co. failed to develop business; with sufficient new capital for experimentation, TAE could solve technical issue. In new model, TAE agreed to forgo salary and wave monies owed; proposes to construct special laboratory.
Supplied year and month

Date

1887-08-00

Type

Folder/Volume ID

D8543-F

Microfilm ID

78:476

Document ID

D8543H

Publisher

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