[D9244AAT], Telephone Message from Alfred Ord Tate to Thomas Alva Edison, October 31st, 1892
https://edisondigital.rutgers.edu/document/D9244AAT
Transcription
TO MR. EDISON October 31, 1892 Mr. Tate just telephoned the following from Chicago: The Capital of the Chicago Central Phonograph Company is Two Hundred Thousand Dollars; 2,000 shares $100 each. Of there are 400 shares in trust with the North Am. Phonograph Co., deliverable three years hence, during which time they cannot be voted upon. Of the remaining 1600 shares, which is control, as collateral for loan of $10,000, which is to be paid back out of the first proceeds from World’s Fair, after which you retain 400 shares as your own. Letter to Woerishoffer should authorize payment to me of $10,000 presentation of 801 shares to their representative here. Want to close quickly. Others are anxiously inclined to forestall us. Reiff will advance the money at your request, if you will have delivered the letter I prepared, as explained herein. If we want any part of stock left here we can get it cheap this winter. Will you accept Presidency of Chicago Central Company? [TAE Marginalia] Make Lombard president. Will order Reiff pay money on depart of collateral.