[LM241216], Letter from Walter Seeley Mallory to Pilling and Crane, October 5th, 1900
https://edisondigital.rutgers.edu/document/LM241216
Transcription
October 5th, 1900 Messrs Pilling & Crane, Girard Building, Philadelphia, Pa. Dear Sirs:- We have just telegraphed you: "Will Miller's proposition September 28th, provided Baird agrees." The proposition is as follows: "We notice that in accordance with the terms of agreement Mr. Baird must pay his notes for $12,000 bonds. We have written Messrs Pilling & Crane asking them to give us the dates at which these notes are due but in the meanwhile would like to know whether a payment to you of $3,000 would return us Mr. Baird's note the bonds being left on your property thus fulfilling that particular part of the agreement. This would be equivalent to a purchase of $12,00 by you at 7% of their par value unaccompanied by any option or rights." Yours very truly, W.S. Mallory