xt70zp3vt865_71 https://exploreuk.uky.edu/dips/xt70zp3vt865/data/mets.xml https://exploreuk.uky.edu/dips/xt70zp3vt865/data/63m46.dao.xml unknown 14 Cubic Feet 31 boxes archival material 63m46 English University of Kentucky Copyright has not been assigned to the University of Kentucky.  Contact the Special Collections Research Center for information regarding rights and use of this collection. Harkins Family papers Mineral rights -- Kentucky -- Floyd County -- History. Law reports, digests, etc. -- Kentucky. Mining leases -- Kentucky -- Floyd County -- History. Practice of law -- Kentucky. Bankers -- Kentucky. Banks and banking -- Kentucky -- Prestonsburg. Coal trade -- Kentucky -- Floyd County -- History. Lawyers -- Kentucky. June 1918 text June 1918 2016 https://exploreuk.uky.edu/dips/xt70zp3vt865/data/63m46/Box_11/Folder_5/0003.pdf section false xt70zp3vt865_71 xt70zp3vt865 s. 7‘

' l J_xnl 1‘, \6‘\ %
Eglllllllllllllllllllllllllllllllllllllllllllllllllllilllllllllllllliilllllllllllllllllllllllllillilllllllliilllllllilllllllllllllllllllllllllllllllllllilllilllllllllllllllllllllllllllllllillllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllilllllllllllllllllllllllllllllllllllllillllllilllllllllllllllllllllimmllllllllllllllllllllllllllll|Illlll|Illl|||IlllllllllllIlllllllllllllllllllg 2 fl ‘ «the
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2:: ,1 " £11 52: I
FIRST AND REFUNDHNC ENDRTGAGE FilVlE YEAR SEVEN PER CENT , . Eff,
cotD Doan 1 » 2:: ii
: Dated June 1, 1918. Due June 1, 1923. Redeemable in “11010 or in part on any interest pay- ' E 7, ‘.
:; ment date to and including June 1. 1920 at 103 and interest; thereafter to and including June 1, g 2::; ’_
.2 1921 at l0? and interest: thereafter to and including June 1. I922. at 101 and interest. and 2 2 ”‘.‘.;‘il
EE on December 1, 1922 at 100 and interest. Interest payable June 1 and December 1. in New 2
: York or Chicago. Principal payable in New York. Coupon bonds of $100, $500 and $1,000 __:F; ‘
E denominations, with privilege of registration as to principal. :2: “353'
HARRl‘S TRUST AND SAVlllVGS RANK, CEllllCACQ, TREETCE E
The Company will agree to pay interest without deduction for any normal E ,i -
:2 Federal llucome Tax up to 2 per cent. 2 ”..‘,“ ‘
E: For information regarding this issue of (mm/s reference 2'8 movie to the let/er of Messrs. II. .1[. Byllesby E It}; 5;: E
:2 cf: Company, Managers of the Corlipany, which appears on t/zefollou‘fng pages (1an states lhat.‘ 2 My};
LOUISVILLE GAS AND ELECTRIC coMIeANr and its affiliated companies. operating ,r 2
2: . without competition, directly serve with electric light and power and natural gas the City . EL} '_’f
22 of Louisville. Kentucky, and several adjacent communities, having a total population estimated 2" 9::
r: in excess of 268,000. . EL 3‘
E2 Over 62% of the Company’s gross earnings and over 70% of its net earnings are derived from the E :g
E2; electric light and power service. Electric energy is generated at the Company’s Waterside Station, :2_ 22;:- 2‘:
:2 having a present installed capacity of approximately 43.000 H. P. which, it is anticipated, will be :3?
; increased during the present year by the installation of an additional 20,000 H. P. unit. E22533:

. : 1 These Bonds will be secured, in the opinion of counsel. by a first lien on the entire property of the E: [.1396

V 7 Company, subject only to $3,119,000 Louisville Lighting Company First 5’s, which are a first 2 j};
3 mortgage on the property formerly owned by that company. The First and Refunding Mort- :3;
L gage 7’s will therefore be secured by a first lien on more than 75% of the entire property of the E f {it‘d
: Louisville Gas and Electric Company. E 2::!
i EARNrNcs AND EXPENSES 2 t
:2 Derived from the Operation of Properties Covered by the Mortgage ’ ' E :71: 1
i For Years Ended April 30, 1918 1917 E ~: ii
2 Gross Earnings . . . . . . $2,958,135 $2,582,176 E is!
2 Operating Expenses, Maintenance and Taxes (Excluding g ’
2:: Depreciation) . . . . . 1,367,400 . 1,165,260 . ‘ gig-Sf”
:1 Net Earnings . . . . . $1,590,735 $1,416,916 2
j Annual Interest Charge on $13,619,000 Bonds . _'35992952 E “
:2 Balance . . . . . . $ 699,785 we? .
2 The City of Louisville, founded in 1779, one of the oldest and most. substantial cities in the - ESE :
2:: middle west, is an important railroad center. being served by eight large railroad systems. Louisville ‘ E 35 i
’3 has long been a prominent industrial city and is also the distributing center for alarge section south ‘ EU: 1,
:_ ’ of the Ohio River. 33:3 4
EE The franchise situation is satisfactory. in the opinionof counsel, the duration of the Company’s EC”: :
rights under its electric franchise in the city of Louisville is perpetual and the gas franchise E. l
T expires in 1933. : g”;
WE RECOMMEND THESEBONDS FOR INVESTMENT 252;;
1:: 2 . . , “$35k;
; PRICE 98 AND 11V'1‘ERE8T, hlELDlNG ABOUT 7 1-2 PER CENT : Eli
. ’ BOND DEPARTMENT , Elihu:
EARR1§ Tscsr AND saviNcs aANR 2;
r - ORGANIZED AS N. W. HARRIS &_ CO. 1832. INCORPORATED 1907. ' = ,
2',» 4A,.
: HARRIS, FORBES & C0. HARRIS FORBES & CO. INC. 2': Us“
NEW YORK C H E € A G 0 ’ BOSTON ’ 1 -j5;':;='~'93..».5
E: ' 31’5“} f2: . :55.
EillillffiilllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllIilllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll||lll|||||lll||||llll||||lllll||lllllll||llllllll|lllll|||||lllI|||||ll||||lllll||||llll||||llll||||lllllllllllll|||lllll|lllll|||||lllll||||llll|||lllllllllllllllllll||||llllllllllllllllllllllllll|||||ll||||llllll|llllllllllllllllllllljllllililllllfll '

 gillllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllliillllllllllllllllilllllllliillllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllilllllllllllllllllllllllllllllllllllllllllilllllllllllllllllllllillllllllllllllllllllllllllllllllllillllllllllllllillllllillllllllllllllilllllllllllllllllllillllillillllillllillllllllllllllllllllllllllllllllllllllllllllllllill:lllllillillilllililliliiiillllllliiilllilllillilllllllllillill‘llilliiiilé
: H. M. BYLLESBY & COMPANY
2::; MANAGERS T
F: 7 Chicago, Illinois, June 14, 1918.
2:: Harris Trust and Savings Bank. : ,
;i Gentlemen: :
: Referring to the $10.500.000 First and Refunding Mortgage Five Year Seven Per Cent Cold
é Bonds of the Louisvillc (las and liloctric Conmany, we take ploasuro in giving: you the following ::
§ information regarding these bonds and the property, business and earnings of the Company.
—: Louisville Gas and Electric Company of Kentucky and its afiiliatcd companies, operating 7 ,
7 without cormiotition. dircctly scrve with electric light and power and natural gas the (lity of Louis—
:1: Ville. Kentucky. and scvcral adjacentcommunities, having.r a total population estimated in cxccssof
268000. In addition the Company sclls wholcsalc cloctrio energy to the local company in New ,;
: Albany and .lcll'crsonvillo. Indiana, thus serving: indirectly an additional population estimated in i
exccss of 7112.000. The Company also oporatcs a small stcam boatingr systcm in Louisville. : :
Louisville (las and Electric Company was organized in 1013 through the consolidation and
purchase of the various gas and electric companies serving Louisvillc at that time. Since the
: consolidation tho Company's operations havo shown steady and substantial dcvclopmcnt. :
These Bonds arc bring; issnccll to rcfund an approximate like amount of the Company‘s First '
g7! and Rell'undling Mortgage Six ll‘cr Cent Bonds due July 1, 1918. ' ,
: CAPHTALHZATION
7:: Upon complctiun 02f prcscnt financing 7 Z
CAPHTAL ST‘OCK Authorizcd Outstanding : '
:7 Common . . . . . . . $11,000,000 $10,324Lfii10 i ,
aortas j
:77} chcn ll’cr Cont Gold Notes due September 1, 1920 3,500,000 2,500,003 7'
Scourcd by the dcposit of 33351;}.6300 of thc {Imnpmny’s Gcncral Mortgage
Six Pcr (Cent “mulls (inc Scpicnnhcr 1, 19224).
BONDED DEBT ;
7 First and Refunding Mortgage Bonds (this issue) . 20,090,000 10,500,000 T:
g; Lonisvilic Lighting (10., First Mortgagc 5’s, due 1933
(closcd mortgage) . . . . . *3,1l9.tltm
Total Qutstantling Bondcd Debt . . $13,619,000
: “52.161000 of thcsc bonds may be prcscntod for payment October 1, 1018.
7, EARNHNGS AND EXPENSE§
l :i Derived from the Operation of Proportics Covered by the Mortgage
7 For Years ended April 30 19M} 1917 i:
a Gross Earnings . . . . . $2,958,135 $2,582,176
:2 Operating i‘lxpcnscs, Maintenance and Taxes (Excluding
:: Depreciation) . . . . . 1367,4110 1,165,260
3 Net Earnings . . . . . $1,590,735 $1,416,916 7:
i Annual llntcrcst Charge on $13,619,000 bonds . 890,950
Baiancc . . . . . . a 699,785 j
fig Net Earnings over onc and three-quarter times annual interest charge on above outstanding i
:3:; . bonds, of which over 75% hear interest at the rate of scvcn per cent per annum. ::
fitl||||||lll||||lllll||||lllll|||||lllllllllllllllllllllllllllllllllllllllllllllllllilllllllllllllllllllllllllillllllllllllllllllllllllllllllilllillllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllilllllllllllllllllllllllllllllllllllllllllllllllfi

 . . h .
i '0
gli'lllllllllllllllllllllllllllll||llllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllilllllllllllllllllllllllllillllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllillllillllllllllllllllll'llllflllllllllllllllllllllllllllllliillllllllllllllllllllllllllllllllllllllllllillllg
:— BUSINESS AND PROPERTY E
E Over 62% of the Company's gross earnings and over 70% of its net earnings are derived from the E
g electric light and power service. Electric energy is generated at the Company’s Waterside ;
LE: Station, having a present installed capacity of approximately 43,000 H. P. which it is anticipated :3
E will be increased during the present year by the installation of an additional 20,000 H. P. unit. E
f This station is a modern. fireproof structure with complete mechanical coal and ash handling :%
; equipment. It is advantageously located and designed with respect to the supply and efficient E
:: handling of coal and for obtaining condensing water from the Ohio River and is capable of E
:7 economical future development. ‘ 2::
:: Within the past year the Company has leased a coal mine about 112 miles southwest of Louisville 7
0n the Illinois Central Railroad. The mining property is estimated to contain about 300.000 tons ,
:: of easily mincd coal and is located in a field where additional property may be secured in the
future. This mining property and the possible acquisition of additional coal properties assures
f to the Company a supply of coal for fucl at a satisfactory cost.
In March, 19H, there was complcted and placed in operation a lZ—inch pipe line extending from ;E I
near the West Virginia—Kentucky boundary to Louisville, a distance of approximately 179 miles,
i for the supply of not less than 12.000.000 cubic feet of natural gas per day from the West Virginia 7,
7 fields. Since that time the Company has furnished natural gas at reasonable. rates. In 5’
addition, the Company owns artificial gas plants of modern construction, which are bold in reserve 5
to augment the supply of natural gas in case of necessity. 1
' ' The properties of the Company have been maintained at a point of high operating efficiency. 7 ,
BCND HSSUE i
. The First and Refunding Mortgage Bonds will be secured, in the opinion of counsel. by a first lien on
the entire property of the Company, subject only to 733d 10,000 Louisville Lighting Company First 7 .
5’s, which are a first mortgage on the property formerly owned by that company. The First and .
' Refunding Mortgage Bonds will thcrcforc be secured by a first lien on more than 73% of the
entire property of the Louisville Gas and Electric Company. The lien of these Bonds on the natural l
' gas pipeline will be obtained through the deposit with the Harris Trust, and Savings Bank as Trustee, .
of the entire issue of 83.000000 par value of the first mortgage bonds and the entire issue (except : l
directors’ qualifying sharcs) of 32.000000 capital stock of the Kentucky Pipe Line Company.
The First and Refunding Mortgage will authorize a total issue of $20,000,000 five-ycar bonds, of Q .
which $l0.500,000 are now being issucd bcaring intercst at the rate of 79,32 per annunr ()f the .
remaining uuthorizcd issuc of bonds. which may bcar different rates of interest but in any event not
to cxcccd 7% per annum, $3.119.000 will be rcscrvcd to retire a like amount of underlying bonds
previously mentioned, and the balance of 36.301000 bonds may be issucd for 75% of the actual .
and reasonable cash cost of permancnt extensions and additions. provided the net earnings for the 7::; 3
preceding twelve months shall have been at least 17; times the annual interest charge on all bonds
of this issue outstanding, together with underlying bonds and those for which application is made. :
For the purpose of this computation the mortgage will provide that all bonds issued thereunder * i
shall be considered as bcaring interest at the rate of 7% per annum.
SPECllAlL TRUST FUND lFUJR NTAHNT‘ENANCE AND RENEWALS T '
Under the terms of the First and Refunding Mortgage the Company will covenant that commencing ::
June 1, 1920, an amount in cash equivalent to 11},- per cent of its gross earnings shall be expended 3:
or set aside annually for maintenance and repairs or for renewals and replacements of its property. : f
Any part of this fund not used for such purposes may be expended for extensions and additions 7,
to the properties. such expenditures, however, not to be used as the basis for issuing First and g
Refunding Mortgage Bonds. The Company may also utilize any balance of this fund in the i
hands of the Trustee for the purchase, redemption or payment of any of its outstanding bonds. E
gwillllllllllllllllllllllllllllllllllllllllllllllllllilllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllillllllll||llll|||llllllllllllllllllll|||lllllillll||||lll||||lllll||llllllllllllllllllllilllllllllllllllllll||||llllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll|||lllllllllllllllllllllllllllllllllllIi—n—T:

 H
. 1‘?” gillllllllllllllllllllllllllllllllllllllllllllllillllllllllliliiiilllilllllllliillllllilllllllllllilllllillllllllllllllllllllillllllllillllllllllllllllillllllllllllllllllllllllllllllillllliiilllllilllllilllllllllllllilllllillilllllllllillillllllllilllllllllllillllllilllllilllllliiiilillililillllillllllliliiilillililllllllllillillililllllllllllllillliilillilillllliiiilliii-iiilllillllilliilltliilliiliiilllllilllllllilllliililillllllllilliiilliliililliiilllilflg
at" E :
{,3 E FRANC H ISES 3
egg, E The franchise situation is satisfactory. In the opinion of counsel. the duration of the Company’s I
E rights under its electric franchise in the City of Louisville is perpetual and the gas franchise ex— 3;
5§ E ._ pires in 1933. ’3
:37” _EE E;i
:3 TERRITORY Siam ED :
»_ E The City of Louisville. founded in 1779, one of the oldest and most substantial cities in the middle 3
3‘3 E west, is an important railroad center, being served by eight large railroad systems, including the
3:“; Louisville and Nashville. Chesapeake it Ohio, Pennsylvania, Big Four, i‘ilonon, Southern,
I? if E Illinois Central and the Baltimore & ()hio Southwestern. These railroad connections put the city :3
E in direct through communication with ports both on the Atlantic Ocean and the (illlf of Mexico, :3
3,; E and Louisville also has the benefit of water transportation to Ohio and Mississippi River points. 2
~2 : It has long been a prominent industrial city, particularly in the production and marketing of tobacco.
; ;: liquors, leather, lumber products. wagons, plows. cast—iron pipe, machinery. llour. and other mill 3:
'3; ;3 products. The city’s industries likewise include packing plants and the large shops of the Louis—
l 2 :: ville {Q Nashville Railroad. Louisville is also the distributing center for a large section south of
~ 3: the Ohio River and does a large wholesale business.
~ W". 3;: . . . . :52
‘ , E The (‘lty presents a substantial and attractive appearance and its growth has been of a steady and
2 3 E sustained character. The population of Louisville and its adjacent suburbs served directly by the ;3
3 Louisville Gas and Electric Company, is at present estimated to exceed 268,000.
i ; EQUITY
J. . E On the basis of the investment by the holders of the junior securities, there is a very large and
- E ample equity over the outstanding bonds. 3
~., g: RIANAGEMENT 33
f E The officers and executives of the Company have had long experience in the operation of public
i: E service corporations. The local management is in charge of men of high standing. who were con-
g7 i; spicuously successful in the upbuilding of the predecessor companies and are well known in
.,2 E Louisville.
1' E . . '
3 ;E The books and accounts of the company have been regularly audited by Messrs. Andersen,
3 E DeLany & Company.
it E Y ours truly,
E . H. M. BYLLESBY & COMPANY, 3
E Managers. 33
2 E FINDING OF THE CAPITAL ISSUES COMMITTEE E
2 E “Passed by the Capital Issues Committee as not incompatible with the national g}
3 E interest, but Without approval of legality, validity, worth, or security. :
E Opinion No. A535.” 33‘
-Z E LECALHTY 3:
E All legal details pertaining to this issue are subject to the approval of W. W. Gurley and Arthur
’.3 E Dyrenforth, and Chapman, Cutler 8; Parker, Chicago. 3
f E The property has been examined by our engineering experts. :
2,3 E During the past thirty-six years, the officers and directors of this bank have selected and purchased. after careful investi-
i E: gations, over two billion. Six hundred million dollars of bonds. which have been sold to a constantly growing list of cou- ' 3
3 E servative Clients. In buying bonds of this institution. the investor secures the benefit of the extensive experience and .3;
’ E trained judgment gained through the selection of this large amount of safe investments. .
, E This bank limits its purchases of bonds to those which are suitable for its own investment. and sells only such bonds to its 3
'4 E clients. It buys and sells bonds for its own account, and all statements in this circular. while not guaranteed. are the bank‘s 2?
'3 E opinions, based upon information it regards as reliable. being data upon which this bank itself has acted in its purchase
3 E and valuation of the securities offered. Delivery Will be made at any responsible bank. charges prepaid. payable, With
2‘? ;- exchange. Bonds are offered subject to prior sale and advance in price. 'l'clcgrams may be sent at this bank‘s expense. 3:3
E Circular No. 7366. E
i " :2 iglllllllllllllllllllllllllllllllllllllllllllllllllllliillllliiillilliiilliliilllilillliiillil..ilii].mi...lli]lliiilliliiillilliil.‘iiliiillllliilllllllililiilillliilii'llliii“;liliilillliiiiiliiiiilliliiiiifiiiiiiliilliliiililiiiillilliiiii.iili.l§iiliiiiiiliili]liliiiiii‘iiiii..iiiill‘lll. 5711.»...HilfiiillifinililMilli...lilliuiiiil..1.}1. 11W...iilinilllilillll}lll‘lllillllllllSlilililililifil3liliiliil..iliili..illii€f
. ., -2 ,, 3 37 3 3 333-3334 3333 3

 L LAW OFFICES OF
N1/\)( L_E:\/‘(
ROOMS 408-409 COMMERCIAL TRIBUNE BUILDING .
526*530WALNUTSTREET
CINCINNATI (Copy)
Toledo,0hio,June 5,1918.
Mr.Max Levy,
408-9 Commercial Tribune Bldg.,
Cincinnati,0.
My dear Levy-
, I am giving you a capy of a letter I received from Mr.
Angeli. Read it over carefully and dissect what this man wants,
who writes Angell.

I wrote Angell under date of the 27th. and told him there
was a 10% Net Commission which can be split in three or four
different ways, on either or all of the mines. This is fin your
letter of May 25th to me.

When you have given this full consideration, write me
fully and I will write Ahgell. Then he can probably get the parties
moving toward Cincinnati.

Get this out tomorrow, if you possibly can, because
every twenty-four hours counts.

Yours truly,
John T.Solon.

 LAW OFFICES OF
P1/\)( L_E2\/‘/
ROOMS4os~4oec0MMERCIALTRIBUNE BUILDING Copy
526*53OWALNUTSTREET
CINCINNATI
J.F.Angell,
542 Ohio B1dg.,
Toledo,O.
June 3,1918.
Mr.John T.Solon,
Toledo,0.
Dear bir-
Referring to your letter and date covering the four
operating mine properties in Eastern Kentucky, to me May 28th,
I wish to advise that I sent the data to the party I am dealing with
who has the buyers, and wrote him about the commission, etc., and this
morning I received the following letter from him, and will give you
a full copy so you can see how the matter stands:
May 51st,1918.
"J.F.Angell,
Toledo,0.
We have your letter of the 28th., and appreciate your
good effort in getting to us further details on the four mines in
‘ S.E.Ky, which we think sufficient to enable our buyers interested to
decide if they will go to examine, in which case we are prepared to
introduce our buyers to the proper man to thew and investigate.
Relative to the division of a 10% commission, it is the
rule and custom to divide the entire commission equally between the
Broker who produces the Buyer, and the other producing the Owner, with
his pr0perty, each Broker to take care of his associates out of his
half if the sale is consumated, and we trust there is nothing in this
deal to prevent the rule to apply by mutual consent by all interested
You will ascertain on your side and notify us, and we will do the same
and notify you. Either you or your associate in Cincinnati should
assume the responsibility to show our buyer the property and if same is
approved so a sale is possible, produce Owners and arrange with Owners
for the payment of commissions to the two brokers, agreed upon, and
let them settle with their associates.
We have two prospective buyers for these four mines, and
two associate brokers to take care of in each case, One buyer from
7 Pennsylvania, and both are waiting, so we should get the commission
matter settled on at once, and if the Cincinnati man is to Show the
properties, we should have his name and address at once, so we may
know where to direct our Buyers, to go.
Yours truly."

 LAW OFFICES OF
P1/\)( L_E1\/‘K
ROOMS 408-409 COMMERCIAL TRIBUNE BUILDING
5867530 WALNUTSTREET
CINCINNATI

This shows there is a chance of selling these four
properties providing the commission matter can be settled, and we are in
a position to give the party the address of the Cincinnati man or
party.

I wish you would take this matter up with your people, and
ascertain how the commission is to be handled, and if the equal division
is satisfactory, and it will also have to be determined in what way
I an to be taken care of, which, of course, is the important feature to
me. In your letter to me the 28th, you say there is a Net 10%
Commission in the deal on the price of $750,000, which can be split in
three or four ways, on either or all of the mines. I, and my
firiends will come in for one third, and the balance of you to receive
two thirs, etc.

I had no idea the party who has the buyers would accept such
a preposition , and his letter verifiesby thought, for he comes badk
with the advise that it is a rule to Split the commissions equally
between the Broker who has the pr0perty for sale and the Broker who
has the Buyer, and you will notice he says,"You,zmeaning me) will
ascertain on your sideI and notify us, and we will do the same and
notify you." 1

V Now the question is, who is going to pay my share of the
comnission. I am the one who has b3en instrumental in finding the
prcperty(through you) and the buyer,(through the party I took it up
with), and seem to be on the fence, and I wish you would take the matter
up with your people, ani ascertain what they have in mind, and wha:
peeple they have to take care of, and what portion of the commission
they expect to allow me- The matter of equally dividing'$75,000,
between the two parties, makes a pretty good amount for each side,
and when the matter is put in shape where I may know Just where I
stand in the way of commission, and assured protection of the amount,
than I will go ahead with my part of the deal.

Please let me hear from you as soon as consistent, and in the
meantime I will write my party, and tell him we are getting the
commission matter in shape, and ascertain just what position he takes
With me-

Ycurs truly,
( Signed ) J.F.Angell

 LAW OFFICES OF‘
P1/\)( L_E:\/‘K
ROOMS 408-409 COMMERCIAL TRIBUNE BUILDING
526‘530 WALNUTSTREET
CINCINNATI
Cincinnati,0hio,
June 3rd,1918.

Mr.Joseph D.Harkins,
Prestonsburg,Ky.
Dear Mr. Harkins-

Responding to your letter of the 29th. ult.
wish to state that I am assured by Mr.Hunter that if the mines
will show up as I have indicated, in other words, if the reports
of the various Companies will show the profits to be around
fifty percent, then the sale is complete. You can get the
reports, and, therefore, urge you to please get in touch with
the various Operators and have them forward same to me at once.
Write Mr. Hunter direct.

The Doctors Kahn have not as yet arrived
from their Eastern trip, and I have just been informed that
they will not be here until around the middle of June.

Please advise me at once as to the reports.
With my kindest regards, and trusting that
your son is much improved, I remain,
, 5
Ver, incerely);zpr
. I K/[,/ , x" ’ /
>// ’ / /.,’ 3"; '

 V ”
TELEPHONE Cosnmomox
INCORPORATED
310 MAGEE BUILDING
PITTSBURGH. PA.
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