[D8828ACN], Letter from William A Stern to Thomas Alva Edison, July 26th, 1888

Item

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Abstract

"I desire to call your attention to the fact of my being the possessor of an interest in two of the most valuable patents that ever saw the light of day; and, to further remind you of the fact that, notwithstanding all this, I am nevertheless willing to discontinue my ownership in the same for a comparatively small consideration. The patents in reference are those of the several car-lighting systems. ### You will remember, that, some time ago, I secured from you an option for your interest in the one, and think that I would have been able to effet the sale were it not for the fact that Mr. Billsby and his associates would not release their hold in the matter. ### You further requested me to do nothing regard to the other case held jointly by yourself and myself, as you deemed it valuable, and, that you further proposed to go ahead in that direction. ### From the above it will be plain to see, that in the present state of things they are both absolutely worthless to me, and, for that reason, I would be very thankful to you if you would name what portion of the sum of One Million Dollars, which you received for the "Phonograph" you would be willing to give me for my interests. ### Hoping that you will give this matter your personal attention, and that I may be favored with an early reply, I remain" Sincerely yours, W.A. Stern [TAE marginalia: "Say the patents are too valuable even to think of a price. The money required to pay for them would remake so much money from circulation that there wld be a strengening in the money market." "Ans 31/4/88"]

Date

1888-07-26

Decade

1880-1889

Type

Identifier

D8828ACN

Folder Set

D8828

Title

[D8828ACN], Letter from William A Stern to Thomas Alva Edison, July 26th, 1888

Microfilm ID

122:911

Publisher

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