[MU041], Letter from Francis Robbins Upton to Elijah Wood Upton, December 28th, 1879

Item

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Abstract

The electric light is way up. Stock was sold yesterday for $3,500 a share. It is an enormous price for a share the par value of which is only $100. I have today received $50 for the refusal of five shares at $5,000 a share, the refusal to last for one week. I hope I may sell at that price for then I could hold onto the remainder of my shares with great comfort. I telegraphed for Edgar to bring on my ciertificate and I will showhi what there is here for a chance. He probably can receive no pay at first but if he wants a changte can find it. Mr. Edison has simply found one of the finest things of the age how to get a good pure light cheaply. It is all real here now, I have measured and tested again and again and find that we are doing marvelous things. I did not expect as much though I knew that there was every show of doing well. Last night we had an exhibiton and several million dollars of capital were represented. Every went off splendidly. We had over forty two gas jet burners running from one machine. I had a number of gentlemen in my parlor among them the correspondent of the London Times. He made a note of my chandelier, which Lizzie will tell you of, so that I may soon read of her decorations in the foreign papers. I wish so much I cold go home andthen I would tell you all about what we are doing.

Recipient

Date

1879-12-28

Decade

1870-1879

Type

Identifier

MU041

Folder Set

MU02

Title

[MU041], Letter from Francis Robbins Upton to Elijah Wood Upton, December 28th, 1879

Microfilm ID

95:586

Publisher

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

Timestamp

December 28, 1879