[D8841AAB], Letter from Sprague Electric Railway and Motor Co, Arthur S Beves to Thomas Alva Edison, March 10th, 1888


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[D8841AAB], Letter from Sprague Electric Railway and Motor Co, Arthur S Beves to Thomas Alva Edison, March 10th, 1888

Editor's Notes

The opportunity is now given to Stockholders of record of this Company to subscribe to the balance of the Capital Stock in the Treasury of the Company, for the purpose of supplying increased working capital to enable your Trustees to grasp the many opportunities of increasing business, which are fully set forth in their Annual Report now issued to you. # As a Stockholder you are entitled to subscribe to 14 shares of the said stock at par ($100), upon the following terms and conditions, viz.: # (1) Thirty per cent. of the subscription price to accompany the application, to be made not later than March 24th, 1888; on which date the right to subscribe will expire. # Ten per cent. to be paid thirty days after March 24th, 1888; and a further ten per cent. thirty days thereafter, making a total of fifty per cent. to be paid in, not later than May 23d, 1888; the remaining fifty per cent. to be called in in such amounts and at such times as your Board of Trustees may deem advisable. # (2) If, after payment of fifty per cent. of his total subscription, any Stockholder should desire to do so, he can then take fully paid stock of value equal to the fifty per cent. so paid in, and a stock certificate for the number of shares fully paid and unassessable, so represented, shall be issued to him upon his request so to do; his right to the remaining fifty per cent., of the shares subscribed for by him, thereupon ceasing. # If you desire to subscribe, please at once fill out and return to the undersigned the enclosed Form of Subscription, duly signed by you, with a check for 30 per cent. of your subscription, that is to say, for $420 drawn to the order of the Company. # Should you desire to subscribe for shares in excess of the number to which you are entitled, you may make a separate application for the surplus, and you will be informed, as soon after March 24th as possible, whether the same can be allotted to you.




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