[LB034171], Letter from Alfred Ord Tate to R M Field, November 22nd, 1889


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[LB034171], Letter from Alfred Ord Tate to R M Field, November 22nd, 1889

Editor's Notes

Mr. Stevens sent me an extract from his letter to you under date 16th instant, in regard to proposed disposition of a portion of the foreign business of the Toy Phonograph Company outlining his interview with Mr. Yeamans. I have consulted Mr. Edison in regard to this subject and have shown him the letter above referred to, and he desires me to say that he is willing to ascent to the sale of the European doll business, provided the purchasers are restricted in the matter of capitalization. In other words, Mr. Edison does not wish to give any one the opportunity to over-capitalize a foreign Company; first, [unclear] the business being unable to obtain such capitalization, would appear as a failure and would reflect to prevent speculation. Mr. Yeamans proposed that the Toy Company shall take 25% of the stock in Companies formed abroad, and the restriction which Mr. Edison desires to place upon the capitalization of foreign business [unclear] comes home to the Toy Phonograph Company, which, [unclear] protection, should arrange to prevent the depreciation of its proposed holding by over-capitalization. So far as Mr. Yeamans is [unclear] as he is vouched for by yourself and Mr. Stevens, he is, of course, quite acceptable to Mr. Edison. I would like to go into this matter with you to a greater extent than is possible by letter, and should like to know if you are coming to New York soon. ### In regard to the other letter which you left with me, after further consideration, I decided to inform Mr. Edison of the state of affairs, and he says there is absolutely nothing in the claims made by Mr. Jacques in reference to patents. Very truly yours, A.O. Tate





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