One 2-page letter from McNamee & Mann, Contractors, Montreal, to Dunbar & Sullivan, Port Colborne

Description:

One 2-page letter from McNamee & Mann, Contractors, Montreal, to Dunbar & Sullivan, Port Colborne. The letter is handwritten in black ink on white linen paper that is watermarked "Standard, Pure Linen." The letter is transcribed as follows: "15th Jany. 1902 Messrs. Dunbar & Sullivan Buffalo, N.Y. Dear Sirs 'In the American Co. Abbey Salts' A company has been formed in London, England, to take over and control the American Co. in which American Co. you hold $6500.00 in stock and on full owning terms. They exchange your $6500 in American Co. and give you stock in English Co. with a stock bonus of 25% this makes £1630 Stg. [Sterling] Also a cash bonus of 20% on $6500 = $1300. All our firm have accepted this offer and as we promised to place your firm upon same terms as we recd. we trust this will give you satisfaction. We wish you to do the following to complete the transfer - 1st Sign name of your firm upon the 2 stubs of the new scrip for £1630 Stg. and return us the stubs. You keep the scrip. 2nd Sign enclosed receipt for cheque for $1300.00 being the cash bonus of 20% and return us the receipt. 3rd Send us and order on the Quebec Bank here to deliver us the $6500.00 in American Co. scrip which was placed with the Bank merely for safekeeping. Sign all these papers before a witness and return them right away. The English Co. are only buying a sufficient nr. of shares to control the American Co. so if you do not wish to accepts one for the other you can return us the enclosed papers. The English Co. expect to pay another bonus part cash & part stock in March next - as they are selling rights to Australia & India but they will control the stock. Yours truly, McNamee & Mann."

Date Issued:

1902-01-01T00:00:00Z

Data Provider:

Detroit Historical Society

Subject Topic:

Dunbar & Sullivan Dredging Company, McNamee & Mann, and Abbey Effervescent Salt Company

Format:

Letter

Language:

English

Rights:

No Copyright - United States

URL:

http://detroithistorical.pastperfectonline.com/archive/9D710DC7-8C00-4E61-9479-661798216959