[LB022384], Letter from Samuel Insull to Edward Dean Adams, September 3rd, 1886


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[LB022384], Letter from Samuel Insull to Edward Dean Adams, September 3rd, 1886

Editor's Notes

Right after I saw you in New York I was called away west on buiness and did not return until yesterday, when I at once went around to your office to explain the cause of my not keeping my arrangement with you, and Mr. Lanier informed me that you had already taken your departure for Europe. I am very sorry indeed that I was not able to see you before you left, so as to give you the information you desired, and trust you will accept the fact of my absence from the city as an apology. ## Within the last few days I have been approached with relation to the Oriental Telephone Co. "B" shares, which I deposited with you on behalf of Mr. Edison, Mr. Batchelor and Mr. Johnson. As I told you at the time, I desired to represent that these shares had passed out of our hands. I am sure the party who came to me represented your friends in London or else some connection of theirs. He offered me one shilling and ten pence per share for the whole block. I told him that the stock was not held by the parties in whose name it stands on the books of the Company, but that I would see what I could do towards getting hold of the stock. My own impression is that I do not want to deal with him, as I thin kthat you can get a very much better price for the stock for us than he ahs offered. The man who came to me is named Mason, and his brother runs a manufacturing company who have some kind of contract for the manufacture of the telephone used by your friends in London, hence my reason for assuming that the stock would go eventually to your friends if we sell it. Mr. Mason intimated to me that he could increase his offer, but did not say to what extent. Will you please see what is the best price you can get for the whole block of stock and wire me immediately on receipt of this. Please quote the price in your cable as net to us. I have yoru cable address from Messrs. Winslow, Lenier & Co., so that I can reply to you telling whether we will sell or not. In the event of your getting a telegram from me signifying that we will sell at the price you may mention in your cable, pelase have the proceeds of the sale remitted to me by cable. ## If you can conveniently do so, would you pelase attend to this matter immediately on receipt of this letter, as I am putting Mr. Mason off and he will doubtless become very impatient, for a reply from me with relation to his offer inside of the next week. Per S. S. "Aurania".





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