[MU127], Letter from Samuel Insull to Francis Robbins Upton, June 28th, 1889


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[MU127], Letter from Samuel Insull to Francis Robbins Upton, June 28th, 1889

Editor's Notes

I have the pleasure to enclose herewith accounts of Lamp Stock, Bergmann Stock and Light Company Stock, showing debits against me of $2,108.34 + 2,720.00 + 5,186.31 = Total $10,014.65. I return herewith your memoranda, also Drexel, Morgan & Co's check for $66.67 endorsed, which now only requires your own endorsement.##I have added to the amount of $10,0146.65, $30.00 so that you will deliver me 107 shares of Preferred Stock, as the Company does not make Fractional Shares. You will note that you have worked out to deliver me 106.70. My check is therefore $10,044.65 which please acknowledge.##Unless I am very much mistaken, I owe you 1/2 of the 15 Deferred Shares and 1/2 of the 25 Preferred Shares, which you delivered at the time you left that check for $1900.00. One halfof each of these parcels will be respectively, 7.50 and 12.50.##In order to make an even number of shares I have taken 0.50 from the Deferred and added it to the 12.50 of the preferrred thus making an even number, 7 Shares Deferred, and 13 Preferred, so that the exact quanitty of Deferred shares you will have to deliver me will be 57 and Preferred 94. Very truly yours, Saml Insull






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