[LB030481], Letter from Alfred Ord Tate to Everett Frazar, June 21st, 1889

https://edisondigital.rutgers.edu/document/LB030481

View document with UniversalViewer   → View document on Archive.org  → Re-use this digital object via a IIIF manifest

Title

[LB030481], Letter from Alfred Ord Tate to Everett Frazar, June 21st, 1889

Editor's Notes

I am in receipt of your letter of 8th inst. ### So far as the formation of any Company in your territory is concerned, it is a matter which would have to be the subject of further negotiation between yourselves and Mr. Edison and considered apart from the arrangement that we are about entering into with you. ### In all the Companies which are formed for exploiting invention of Mr. Edison, he desires an interest which will give him a voice in the control of the Company's affairs, and in parting with such portion of his rights as would be represented by the stock placed outside of his hands, he should receive a substantial cash consideration. On the other hand, he might be willing to consider a cash offer for the whole business. We have no established rule to follow in this connection, and it is, therefore, [unclear] for me to say just what he would do or what he [unclear]. If you have any proposition to make, either now or in the future, you can submit it, and it will receive due consideration. I do not know just how far your partner intends going in the direction of the formation of a Company, but it might be well for him to understand that your firm cannot assign the rights now to be given it, and that before he commits himself to any parties with whom he may be negotiating, his pans-for your own protection-should be submitted to and approved by Mr. Edison. ### Your contract is now in the course of preparation, and I desire to know the correct title of your firm. Is it a partnership? If so, will you kindly give me the names of all your members. If it is a corporation, please advise me under what State law it is organized. Yours very truly, AO Tate

Recipient

Date

1889-06-21

Decade

1880-1889

Type

Folder/Volume ID

LB030-F

Microfilm ID

139:402

Document ID

LB030481

Publisher

Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University
Download CSV | JSON