[X154A7AN], Letter from Uriah Hunt Painter to Edward Hibberd Johnson, January 18th, 1888

Item

Abstract

"I cannot comply with either recommendation. First, I already have a majority of the stock, and would be no stronger if I had any body else on my coat taks. ## Second, there are only nine directors, and I want two of them from Norwalk, Conn. One is the Counsel of the Co. at that place, and the other is the assistant Treasurer, and resident director. I do not want to turn Mr. Edison and Mr. Batchelor out of the Board and do not exect any cooperation form them at present. This leaves only five Directors for myself, which I propose to have pratical and reliable men. If the gentlemen whom you mention approve of the course I am pursuign they will have no difficulty in continuing to approve that course without getting into a position where there is a temptation form them to undertake to reverse that policy. In short I can see n othing whever to be gained by a surrender or division of authority. On the contraty it might be an embarrassement to me to have to find a market for several thousand shares more than what I have already, as under some contingencies a majority will sell for as much as the whole. ## I do not mean by this that I shall sell my position to any one but I propose to keep myself in a shape where I can do so if I find that it is necessary to pretect or punish."

Date

1888-01-18

Decade

1880-1889

Type

Identifier

X154A7AN

Folder Set

X154A7

Title

[X154A7AN], Letter from Uriah Hunt Painter to Edward Hibberd Johnson, January 18th, 1888

Microfilm ID

Publisher

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