16/19 My son told me he thought we had better buy the company out, and said that we could do so without difficulty, and he thought it would be a great advantage to us. Some were willing to sell, and others were not. Mr.Burnham made an offer what he would sell for, which the secretary accepted, others of the stock-holders made similar propositions and the bargain closed, we paying them the capital they had advanced and twenty-one per cent. profits, and buying, in the mean time, seventy-five thousand dollars worth of brass--the profits on which were not less than twenty thousand dollars, which they had the cash for in the course of the year. About this time a man by the name of Lyman Squires bought stock in the company, and took a great interest in the business. |