[LB027898], Letter from Alfred Ord Tate to Charles Francis Stone, January 24th, 1889

Item

Abstract

"The two questions discussed in your letter of 19th instant are, (1) the payment of Mr. Navarro's claim for $40,000 in stock of the Edison Spanish Colonial Co. at par, and (2) the payment of this claim in stock of the Havana Electric Light Co. at 50 cents on the dollar. ### If Mr. Navarro will accept increased stock of the Edison Spanish Colonial Co. at par in settlement of his claim [marginalia: unclear] there is no doubt that [unclear] is the best way for us to adjust it. Mr. Edison agrees with me in this view of the matter. When I suggested settling Mr. Navarro's claim with stock of the Havana Co., I thought that perhaps he could be willing take the same at par, in which case the stock of the Spanish Colonial Co., based upon your calculations, would be worth, if not increased, $105 per share. An against $87.50 per share on increased capital. ### However, I take it from your letter that Mr. Navarro would not be willing to accept stock of the Havana Company at par, in which case it is preferable to increase the capital of the Edison Spanish Colonial Company." Yours very truly, A.O. Tate

Date

1889-01-24

Decade

1880-1889

Type

Identifier

LB027898

Folder Set

LB027

Title

[LB027898], Letter from Alfred Ord Tate to Charles Francis Stone, January 24th, 1889

Microfilm ID

138:768

Publisher

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

Timestamp

January 24, 1889