[LB016476], Letter from Samuel Insull to Western Electric Co, Charles Albert Brown, May 26th, 1883

Item

Abstract

I have your favor of the 25th inst. and in reply beg to state that the terms we make with promoters of Companies formed for lighting of suitable towns are as follows: Our parent Company requires 25% (20% in stock and 5% in Cash) of the capital stock of each local comp'y formed for the right of using our patents and they pay their Agents for forming the Company 15% of the amount of stock and cash which they receive from the local Company in a town of 10,000 inhabitants the plant would cost you $30,000 to $35,000. At the same time that the Company signs the contract giving the license Mr Edison stands ready to sign a contract undertaking to put the plant up for a given sum so whenever people go ahead they know exactly what their expenses are going to be. If you could give a call I could explain this matter to you in a few minutes and give you such information as to enable you to discuss the matter intelligently

Date

1883-05-26

Decade

1880-1889

Type

Identifier

LB016476

Folder Set

LB016

Title

[LB016476], Letter from Samuel Insull to Western Electric Co, Charles Albert Brown, May 26th, 1883

Microfilm ID

82:499

Publisher

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