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May 5th,1896.

Mr. C. C. Murphy,
204 Broadway, New York City.

My dear Mr. Murphy:-
Referring to my letter of March 18th, in which I stated that the certificate you held for fives shares of the parent stock of the Rogers Typograph Company, par value, $100.00 per share, was equal to 150 shares of the capital stock of the Rogers Typographic Company, par value $10.00 per share, $1500.00. I have further investigated this matter and find that I was in error in this statement. The equivalent of five shares of parent stocks is 60 shares of Rogers Typographic Co'y stock, par value, $600.00. Upon the basis of the ten per cent distribution made to the stockholders at the time of sale of the Mergenthaler Company, this certificate would realize $60.00, which amount was paid to Mr. F.S. Wagner by the Union Trust Company in July last. I have written Mr. Wagner and am in receipt of his check for $61.85 as follows:-

Covering 10% distribution on 60 shares, $60.00
Interest on $60.00 from July 18th,1895 to May 1st, 1896, at 4%, -1.85 $61.85

which check I have endorsed payable to your order, and have pleasure in enclosing to you herewith. The 4% interest is the actual amount paid to Mr. Wagner by the Savings Bank for the above period. 

I have retained the certificate for the five shares of parent stock, and in the event of a further distribution will be pleased to look after your interests.

I trust this will be satisfactory to you,
Yours truly,

Charles L. Freer
H.A.B.A

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