[LM001057D], Telegram from Joshua Franklin Bailey, Theodore Puskas to Thomas Alva Edison, October 12th, 1881

Item

Abstract

Following are conditions under four heads first factory five hundred thousand francs day contract signed million additional put at disposition and company formed when foyer opera lighted three & half million more when first station two thousand lamps lighted Paris at price gas capital increased after first five millions according to requirements of business our company to have founders shares carrying half profits after five per cent interest on money shares our company name majority board directors three years. Batchelor full control half profits go to our shares and this proposition continues in all increases of capital your plan of shares abandoned because impossible under french law syndicate to have quarter of our founders shares second head exploration syndicate furnish five hundred thousand francs and half additional for all Europe when foyer opera lighted million and half additional when first station lighted as above the two million repaid from first profits before any division made minimum capital any city or country two million francs every hundred thousand inhabitants this basis is twenty percent increase on former [bacles] our company to have forty five per cent of capital of all companies formed no contract to be made for sub companiesor syndicates without consent of our company consent or refusal to be given within fifteen days after any contract proposed our company has three months in which to make another contract in place of that refused our company has our third committee of syndicate and direct representatives on boards of all companies formed. Third head plants all towns not having more ten thousands inhabitants and all plants belong to our company and syndicate half profits each fourth head in case Paris company give license to syndicate to manufacture and make installations immediately in Paris as they desire to do our company to give six weeks delay in closing paris contract the syndicate intends during this time to absorb Paris contract if you cable tomorrow acceptance three conditions with authority to sign contract am authorized to say contract will be signed within twenty four hours and first money paid in

Date

1881-10-12

Decade

1880-1889

Type

Identifier

LM001057D

Folder Set

LM001

Title

[LM001057D], Telegram from Joshua Franklin Bailey, Theodore Puskas to Thomas Alva Edison, October 12th, 1881

Microfilm ID

83:900

Publisher

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