[D8818AJH], Letter from Thomas Alva Edison to George Edward Gouraud, April 24th, 1888
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Title
[D8818AJH], Letter from Thomas Alva Edison to George Edward Gouraud, April 24th, 1888
Editor's Notes
Col. George Gouraud, Dear Sir:- I beg to confirm the following cablegrams sent by us and received from you:- GOURAUD, NORWOOD. April 20, 1888. Have formed Company for manufacturing phonograph; money gets sixty per cent. of profits. Have to-day placed two hundred and fifty shares at par. Do you wish any? Edison. EDISON . April 21, 1888. Will take balance par; understand none been or will be issued less than entire proceeds go Company treasury for manufacturing purposes only that remaining forty covers all royalties payable you and patentee Company. Answer also name total present issue, dates payable, names Directors, would like be one. Will your holding and mine control Company? When will phonograph sail? GOURAUD, Norwood. April 21, 1888. Company formed relates to manufacturing only; has contract with parent Cempany allowing twenty per cent full profit on output of factory; is capitalised two hundred and fifty thousand; all money paid in to be used only manufacturing purposes. I retain voting control, but receive forty per cent only from this Company for my contract right to manufacture. Require immediate cash for new factory which propose erecting at Bloomfield. Directors R. L. Cutting and my own men. This Company has nothing to do with royalties, but is sole manufacturer for the wholo world. Thought you might desire small interest is reason I telegraphed. Nearly all goods shipped to-day. Baldwin's Express except phonographs proper. We have them here and are making records of talking and music. Hamilton sails in few days. Will notify you. Edison.
Author
Recipient
Mentioned
Date
1888-04-24
Type
Folder/Volume ID
D8818-F
Microfilm ID
122:270
Document ID
D8818AJH
Publisher
Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University