[D8949ACC], Letter from John Birkinbine to Thomas Alva Edison, October 31st, 1889

Item

Abstract

I called on Mr. McLeod today in reference to the Putnam County property of the Philadelphia and reading coal & Iron Co, but was unable to see him I will try again tomorrow. ## I enclose you notice of a foreclosure sale of the furnance at Cold Spring NY located on the Hudon River nearly opposite West Point and about 6 miles from the Reading company's ore property. I made some inquires in regard to the matter from those intersed but find that the sale is made to protect a claim of about $35,000 and I presume if it is bid up in the neighborhood of $50,000 they will let it go. I doubt however very much whether it will be bid up and if the property remains practically in the hands of the present owner I think an arrangement could be made t operate the furnace on joint account or possibly to lease it, and I am very sure they would not refuse an offer of $50,000 for it. In an interview with Mr. Pullman today he stated that anthrocite coal could be delivered at the furnace for $3.75 per ton, Connellsville coke $4.75 per ton. I think the brown heatite could be obtained to mix with your magnetites for the production of foundry iron for $$3.50 per ton. Limestone costs .90 cents a ton and I think at present foundry iron could be made there for $4.50 per ton. I have written to Mr. Lee in regard to the Catocin property and as soon I hear from him I will advise you as to visiting it.

Date

1889-10-31

Decade

1880-1889

Type

Identifier

D8949ACC

Folder Set

D8949

Title

[D8949ACC], Letter from John Birkinbine to Thomas Alva Edison, October 31st, 1889

Microfilm ID

126:1045

Publisher

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

Item sets