The Thomas A. Edison Papers Digital Edition

Transcription

{T. A. Edison} 52000. 
{Mrs. T. A. Edison} 23000. 
{Paid} 
General Electric Company. 
New York and Boston, May 16th, 1892. 
To the Shareholders of this Company and to the Holders of Receipts issued by the New York Guaranty & Indemnity Company and the Old Colony Trust Company, exchangeable for Shares of this Company: 
Offices of the General Electric Company. 
44 Broad Street, New York, 
620 Atlantic Avenue, Boston 
May 16, 1892 
This Company has authorized the creation of a series of not exceeding ten thousand 5 per cent. Gold Coupon Debenture Bonds, for One Thousand Dollars each (total $10,000,000): principal payable June 1, 1922: interest payable June1 and December 1, in each year; both payable in gold coin of the United States, of the present standard of weight and fineness, at the offices or agencies of the Company in the cities of Boston and New York, at the option of the holder, without deduction from either principal or interest of any taxes which the Company may be required to pay or retain therefrom by any present or future law. 
The bonds may be registered as to principal on the books of the Company in Boston and New York. They further provide that if the Company shall at any time mortgage its property, said bonds, if then outstanding, shall be secured by such mortgage, ratably with any and all other indebtedness secured thereby. 
The Company hereby offers to holders its common and preferred stock, of record on the books of the Company at the close of business May 27th, 1892, and to holders of the receipts issued by the New York Guaranty & Indemnity Company and the Old Colony Trust Company, exchangeable for stock of this Company, of record on the books of said New York Guaranty & Indemnity Company and the Old Colony Trust Company at the close of business May 27th, 1892, the right to subscribe for $4,000,000 of said Gold Debenture Bonds (which are all that it is intended to issue at present), at $950 and accrued interest, for each bond of $1,000. 
Any of the $4,000,000 of Bonds hereby offered for subscription may be converted, at any time at the option of the respective holders, into shares of the common capital stock of the General Electric Company at the rate of one share of stock for each $120 bonds, and such right to convert is endorsed on each bond. 
Subscriptions will be received hereunder for any amount of said bonds, but each record-holder of the stock of this Company and of said receipts shall be entitled to have allotted to him, up to the amount of his subscription, one of said bonds at the price above named, for every eighty-five shares of the stock of this Company, Preferred or Common, standing in his name at the date above named, or (if he is a holder of such receipts) for every eighty-five shares of the stock of this Company, Preferred or Common, to which the receipts then standing in his name entitle him. The remaining bonds subscribed for will be allotted among those who shall have subscribed for an excess of bonds, as nearly upon the basis of their several and respective holdings in the stock of this Company or in said receipts, as is practicable, and subscribers will be duly notified of such allotment. 
The holding of eighty-five shares r some multiple thereof will be necessary to entitle one to make a subscription. 
All subscriptions must be filed on or before twelve o’clock on the 7th day of June, 1892, and no subscriptions thereafter received will be considered. The transfer books of the Company, as also the transfer books for said receipts, will be closed from May 28 to June 7, both days inclusive. 
Each subscriber to whom bonds are allotted must pay for the same at the rate above provided (namely, $950 and accrued interest per bond) as follows, viz: the sum of $476.46 per bond on the 22nd day of June, 1892, and $478.54 per bond on the 22nd day of July, 1892. 
The final payment for any bonds allotted under this circular may be made, at the option of the subscriber, at any time prior to July 22, 1892, with accrued interest to the date of such payment. 
Any subscriber who shall fail to make payments as foresaid, shall, at the option of this Company, lose his right to the bonds subscribed for. 
Payments must be made in cash or by certified check to the order of the Genera; Electric Company, either at the said New York Guaranty & Indemnity Company, in New York, or at the Old Colony Trust Company, in Boston. 
The bonds will be deliverable at the offices of the Trust Companies above named, on the 22nd day of July, 1891, upon the last payment on that subscription. Each Trust Company will deliver only the bonds for which payments have been made to it. 
The entire issue of bonds to the amount of $4,000,000 hereby offered has been underwritten. 
A printed form of subscription, with blanks for amounts, is enclosed herewith. It should be sent, properly filled up and executed, to that one of said Trust Companies at whose office the subscriber desires to pay for and receive his bonds. 
By order of the Board of Directors, 
E. I. Garfield 
Secretary Letter from Thomas Alva Edison to Josiah Custer Reiff, May 1892 
Reiff- 
I have right to subscribe for a lot of the new debenture bonds but I was going to sell the right; what is a debenture, its not a mortgage bond, is it. What is bid for rights on new Bonds. You may bid up to 2 3/4 for illuminating bonds.
Edison General Electric Company. 
New York and Boston, June 16th, 1892. 
Mina M. Edison  
Dear Sir:- 
In accordance with the provisions of the circular of May 16th, 1892, issued by this Company, you have been allotted on your subscription $73000 of the Company’s Five Per Cent Gold Debenture Bonds. 
Payment for the same must be made in accordance with the terms of said circular at the office of the New York Guaranty and Indemnity Company, with which your subscription was filed. 
Very truly, 
General Electric Company. 
E. I. Garfield 
[Calculations written out on page] Mrs. Edison			1954. 
T. A. Edison	4896		4396. 
500 

 
6350. 
[2 additional calculations signed “TAE.”]