[MU037], Letter from Francis Robbins Upton to Elijah Wood Upton, November 30th, 1879

Item

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Abstract

[family stuff, Howard Butler came for a visit]; "He [Butler] told me the good news that the stock I bought in the Gold & Stock Tel. Co. will pay a larger dividend since the compromise with the Bell Co. and that what I bought at $16 is now $30 or $5 above par $25, so you see my first investment has turned out well. The Electric Light has taken a turn upward during the week and now it really looks as if I had drawn a big prize. I have 37 shares of the stock and during the last week I have heard of two shares selling for $650 cash or $24,050 for the amount I hold. I do not say I could sell my shares for that, that I have any though of selling them, yet if I were an outsider I could get a price like this. Anyway the stock is very valuable and makes the lowest rates it is sold a good years pay. I cannot help laughing when I think how timid you were at home about my giving up $600 a year and now I have made at least $10,000. Mr. Edison is going to five me five per cent in England and the continent of what he recieves. Last evening one of the gentlement interested in the continental company hinted to me that he would want me to go to Paris for a few weeks this winter to help introduce the light there. I shall strike for high wages. I know I can stay with Mr. Edison and learn much more than I should by going, yet moeny would be a great object and I am going to try for large pay, for I shall never have such a chance again in my life."

Recipient

Date

1879-11-30

Decade

1870-1879

Type

Identifier

MU037

Folder Set

MU02

Title

[MU037], Letter from Francis Robbins Upton to Elijah Wood Upton, November 30th, 1879

Microfilm ID

95:577

Publisher

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

Timestamp

November 30, 1879