[D8805AJQ], Letter from William Preston Hix to Thomas Alva Edison, December 3rd, 1888

Item

Abstract

"I Proudly part owner of an iron mine in [unclear] Co N.Y. and also a large owner of a mine in South America came to see me about your system. He wants me to set a contract from you for the control of N.J. and N.Y. on N.J. alone, and he will go in with me and from a million dollar company out of the owners of the mines in N.J. Call in 10 % of the capital stock and put up the first machine and the call in the balance as fast as the machines can be enacted and place them at all the mimes in Nj.J. both to work the machines and to control the ore busines as far as possible at N.J. I think he means business, he says that if the management is good there is much money in it, but if it is badly managed there is [unclear]. He wants [unclear] to become an office of its Company as he thinks between us one could manage the business well. He says he has been called on to examine the broadly separatoer and also the Swedish one. These, the parties suing [unclear]offer to sell for cash; no royalty the [unclear] dish is $1500.00. This of course brings the business like the Light Company's we sell patents our our oppenents sell machines. I can't come over tomorrow as I am to settle the Philadelphia business with Johnson and get my stock, which has been held under various pretences until now. I leave a letter from Mr. Taylor for your information. Let me know, as soon as you can, you answer to the above and whether you want me to go on with this one business or leave with others, as I understand you are making same arrangement to put up a machine and I do not wish to interfere with our plans." Yours Hix

Date

1888-12-03

Decade

1880-1889

Type

Identifier

D8805AJQ

Folder Set

D8805

Title

[D8805AJQ], Letter from William Preston Hix to Thomas Alva Edison, December 3rd, 1888

Microfilm ID

121:627

Publisher

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