[MB252], Letter from Samuel Insull to Charles Batchelor, June 26th, 1889

Item

Abstract

"PERSONAL." "I believe you and Mrs. Batchelor have between you five (5) shares of Lamp Company stock. On this stock you owe to Mr. Edison for transmission to Mr. Villard the difference between 10,250 and $12,000. That is to say, $1,750 per share, or a total of $8,750. This is payable one-third in cash, one-fourth in Deferred Stock and the balance in Preferred Stock. In fact, the same proportion of stock and shares and cash as we received from the General Edison Company. I make the figures to be, cash 42,917.98, Preferred Shares 36 and Deferred Shares 21. You will find on checking my figures that the fractions of shares of Preferred and Deferred Shares have been add on to the cash as being the most convenient way of getting rid of those fractions. Will you please let me have this cash stock and certificates before you go away, as I have to make a settlement with Mr. Villard's Private Secretary, Mr. Spofford, forthwith."

Recipient

Date

1889-06-26

Decade

1880-1889

Type

Identifier

MB252

Folder Set

MB12

Title

[MB252], Letter from Samuel Insull to Charles Batchelor, June 26th, 1889

Microfilm ID

92:863

Publisher

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