By SS."Celtio"
heper'
RECEIVED 27 JUN 1916
Registers COL. OFFICE
Kesura. L. Reiss Bros. & Co., London, E.C.
Dear Sirs:
& Messrs. Reiss & Co., Hongkong.
Copy
758
garoo Engineering Oo.
1 State St.,
New York, June 6th, 1916.
(mail 7th)
re Texas business
The present serves to hand you the usual follow-copy of my letter by last mail, dated the lat/3rd inst. (together with copy of ite enclosure).
Since then, I have exchanged various cables with my colleague Mr. E.J. Carroll (whose negotiations with your firm I did not interrupt for reasons stated in my last) about the offer which you made to my Com pany on the 10th ulto.; and in regard to which offer your Hongkong house, as I learned, has told Mr. Douglass, according to a cable to his principals (the Texas Company), that "Reiss London offered Sanders 10th May very generous terms" !
These "very generous" terms are that; not only do you insist upon eliminating us from a contract with the Texas Company which we held now for about six years, but you couple your offer of a return commission with a condition which, if not qualified, may greatly reduce if not nullify this return commission; and, in spite of various cables, I have been unable to elicit from my partner any explanation whatsoever in re- gard to this condition, viz: as to what you mean by "net profit, after deducting expenses". At any rate, I hardly think there will be any one but you so bold as to call this offer of yours, together with our elimi- nation from the contract itself (with a consequential loss of all hold
No comments yet.
Private notes are available after approval.