[D8935AAA], Minutes, Edison Electric Light Co, January 3rd, 1889


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[D8935AAA], Minutes, Edison Electric Light Co, January 3rd, 1889

Editor's Notes

New York, Jan. 3rd. 1889####A special meeting of the Executive Committee of the Board of Directors of the Edison Electric Light Company was held pusuant to call at the offices of Mess. Drexel, Morgan & Co., on Thursday, Jan. 3rd. 1889, at 10:35 A.M.####Present, Mess. Johnson, Coster, Smithers, Thomas and Smith, and the Secretary and Comptroller.####The Secretary read the minutes of the meetings of Dec. 20th and 27th, respectively, which, on motion duly reopened, were approved.####The Secretary reported that he had seen Prof. Barker who stated that year before last he was guaranteed $50 per day for 100 days or $5,000 for the year in addition to his regular retained of $500.; that last year he consented to a reduction of out guarantee to 50 days because he believed that we would require more than that amount of his time. He claims that he has been called upon for only 42 or 43 days of his time, during the past year and has therefore receied only the amount of our guarantee $2500. He therefore unwilling to accept a guarantee of less than 50 days at $50. per day for the coming year. But, if we prefer, he is willing to waive all guarantee and accept $75. per day for testimony and $50. per day for investigation of patents, experiments and other general work.####On motion of Mr. Cester, duly seconded, the Officers of the Company were authorized to accept whichever of the foregoing propositions our patenet counsel may recommend.####The Secretary reported that he had been offered the arc light plant in Elgin, Ills. For $3,000., the plant having a capacity of 55 arc light s with 45 lights connected, and having opet to constenot somewhat over $5,000. On motion of Mr. Smithers, seconded by Mr. Smith, it was####RESOLVED, that the Officers be and hereby are authorized to offer $1500, for the plant, but the Comptroller was instructed to negotiate further in the matter with a view either to getting a counter-proposition from the owner of the plant or to arrange for an issue of bonds for the purpose of acquiring the property, and report thereon to this Committee at a later meeting.####The meeting was then adjoined.####Attest:####Secty.####[name mentions]: Board of Directors of the Edison Electric Light Co., Mr. Smith, Mr. Smithers, Mr. Johnson, Mr. Coster, Mr. Thomas, Prof. Barker




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