[LB040136], Letter from Thomas Alva Edison to Edison Phonograph Toy Manufacturing Co, Daniel Weld, April 22nd, 1890
https://edisondigital.rutgers.edu/document/LB040136
Transcription
April 22, 90 Edison Phonograph Toy Mfg Co., Daniel Weld, Esq., Secretary No. 95 Milk St., BOSTON, Mass. Dear Sir:- I beg to confirm the following telegram which I sent to your Company this afternoon, in response to your letter under date 19th instant, to which I now have the honor to reply:- "Send cable to Hutchinson as proposed in your letter of 19th instant, except state that Boston Company and myself must approve parties underwriting European Company before any papers signed. Have him cable names of underwriters. I will take formal action as soon as you supply me with list of parties underwriting. T.A.E." The successful floating of a Joint-Stock Company in Europe depends entirely upon the reliability of the parties who underwrite it, and it is, therefore, vital that before either yourselves or myself became committed to anything that we should be furnished with a list of names of under-writers, so that we may pass upon them jointly. I have suggested that tis list be cabled to you, and as soon as you are in possession of the same, I should be glad to receive a copy, which will enable me to investigate and take such action as may be necessary. There is one thing that I desire to point out to you, and that is, that Mr. Yeomans in the proposition last submitted by him, states that a company is to be formed with a capital of not less than Three Hundred Thousand pounds. In the original proposition submitted by Mr. Yeomans on the 25th day of November last, and which was mailed to you from this office last night, his reference to the capital of the European Company reads as follows: "To create or [illegible] to be created a Limited Joint Stock Company with a capital not exceeding Three Hundred Thousand pounds." It is very important that you should exercise great care not to give your consent to the formation of a Company with a larger capital than Three Hundred Thousand Pounds, either directly or through invertedness. Perhaps you have already impressed this upon Mr. Hutchinson. Yours very truly, Thomas A. Edison