[D8833AAC], Letter from Samuel Insull to Thomas Alva Edison, January 23rd, 1888
https://edisondigital.rutgers.edu/document/D8833AAC
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- Title
- [D8833AAC], Letter from Samuel Insull to Thomas Alva Edison, January 23rd, 1888
- Editor's Notes
- "I was talking to Tate to-day about the Lamp Company's meeting. I understand from Upton sometime since that he would be very glad if I would retire from the Secretary-ship, and let Tate be elected in my place. Of course, I would not refuse to do this, in asmuch, as I do not perform any work for the Lamp Company at the present time, and I do not see any likelihood of my doing so for sometime to come. I leave you to do whatever you think best in the matter. ### I am very anxious to get back to Schenectady to-night, and do not therefore, think it essential that I should be at the Lamp Company meeting to-morrow. I wish, however, to mention a matter which Tate told me about to-day. He explained to me that Upton was very anxious to increase the capital of the Lamp Company. I would remind you that your main objection to the Lamp Company being put into a corporation at the start, was that you might lose your control. Your control to-day is aboslute and must contine, unless you bring in a lot of new Stock-holders. If you agree to increase the Stock of the Company, it would seem to be a loop-hole, which might cause you trouble at some future time. I cannot refrain from expressing my opinion on this matter because I had so much to do with the Lamp Company being altered from a Parnership to a Corporation, and I should be very sorry to see the ery object, which you insisted should be kept in mind, in any jeopardy of being frustrated. What earthly need can there be of more capital?" Yours very truly Saml Insull
- Author
- Insull, Samuel
- Recipient
- Edison, Thomas Alva
- Date
- 1888-01-23
- Type
- Letter
- Subject
- Management (companies and organizations)
- Financial operations (companies and organizations)
- Stocks, bonds, and investments
- Folder ID
- D8833-F
- Microfilm ID
- 123:325
- Document ID
- D8833AAC
- Publisher
- Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University
- Has Version
- Archive.org Viewer, Microfilm Series Reel 123