Manuscripts/Mixed Material Letter from Alexander Graham Bell to Mabel Hubbard Bell, October 14, 1889
ALEXANDER GRAHAM BELL TO MABEL (Hubbard) BELL
Parker House, School St. Boston.
Oct. 14th, 1889.
My darling wife:
Your power of attorney and etc., arrived just in time. We might have had trouble without it — although probably your telegram would have sufficed. I gave your power of attorney to
The rights dropped down to $21 ¼ and then took a leap at the last to $24.00. I received an order from Mr. Arthur McCurdy to buy rights enough to buy 2 shares for him and a telegram from his father to invest $800 for him as proposed, and this morning came a telegram from Miss True to invest $1000.00 for her. These orders I have thought best not to follow — for I find that there would be no advantage in buying rights — and then converting them into new stock — over buying stock directly in the public market. At first sight it would seem to be cheaper to buy rights — but when we know that at least one dividend will not be paid on the new stock that will be paid on the old — the difference disappears. I feel my responsibility very great and could rather let them buy their stock themselves if they desire — than do it for them in a hurry. The stock may go up or it may go down, and if you approve, we will offer them some of our stock at the