[D8832AAL], Letter from Samuel Insull to Thomas Alva Edison, December 27th, 1888

Item

Abstract

"I came back from Schenectady this morning and at once called on Mr. Villard. He told me that he had seen D.M. & Cos people twice and had got their absolute agreement to the deal. The entire $500,000 demanded by D.M. & Co is to be paid in deferred stock. Mr. Villard said that no papers had actually be signed but that there was no possibility of DM & Co backing down.##He told em that he had increased the Syndicate from $1750,000 to $2,000,000 cash and that Winslow Rainer & Co will take about $100,000 in the Syndicate so the interests in the Syndicate will stand as folows## Drexel Morgan & Co 250,000## Wilnslow Rainer & Co 100,000## Thos. A. Edison 150,000## Villards German friends 1,500,000 ## $2,000,000## [Unclear] tells me that Gouraud's Banking Houses here have bought about 175 Shares of Light stock between 187 & 191. The people buying have dealings with Villard and from their relations with him they would not be buying unless the deal was closed & Villard so advised them.## Tate came in today and saw he was [unclear] so I have him $10,000 of our paper for your account which he has sent to you to endorse.## I shall be here (New York) tomorrow (Friday) in Schenectady Saturday, in Chicago Monday (in all probability) and if so back in New York again on Tuesday evening." Yours very sincerely, Saml Insull

Date

1888-12-27

Decade

1880-1889

Type

Identifier

D8832AAL

Folder Set

D8832

Title

[D8832AAL], Letter from Samuel Insull to Thomas Alva Edison, December 27th, 1888

Microfilm ID

123:284

Publisher

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