[LB048484], Letter from Alfred Ord Tate to Samuel Insull, April 14th, 1891
https://edisondigital.rutgers.edu/document/LB048484
Transcription
April 14,1891 Samuel Insull, Esq., P.O. Box 3067, New York City. Dear Sir:- I enclose herewith Certificates Nos. 75 and 92 of The Sims-Edison Electric Torpedo Company, for 20 shares and 10 shares, respectively. Those certificates were brought to Mr. Edison by Mr. W. Scott Sims, who desired the former to subscribe at $50 each for the shares named in Certificate No.75 – 20 in number, the proceeds of which were to be paid into the treasury of The Sims-Edison Electric Torpedo Co. As an inducement for Mr. Edison to take these shares Mr. Sims offered him gratis the stock covered by certificate #92 – 10 shares in number. Mr. Edison declined to take the stock, offering you his right of subscription, of which you availed yourself. These certificates are therefore your property. Kindly acknowledge receipt. Yours very truly, AO Tate Private Secretary.