OCR Text |
Show SETTLES SUIT FOR BREACH DE CONTRACT i EDISON-AYS NEW YORK PHON-j PHON-j OGRAPH CO. $450,000. I Injunction Granted In New York j Courts So Restrained Defendants That They Had to Settle. Newark, N. .7.. April 10 Thomas A. Edison has settled for $ir.0.000, tho 1 tu'it for breach of contract brought ngainst him by the New York "Phono-. "Phono-. graph company. In addition, his coun-! coun-! sel has signed an agreement to settle j approximately seven hundred suits brought by the New York company I against dealers In that' state. The rmount involved in the settlement of j thete, and the principal suit, is ap- proximately $2,000,000. The settle-i settle-i went wa sreached after an ull night ! conference in this city preliminary to which there were negotiations for sev- 'eiiil Veeks during which the wires were kept busy between Orange. N. J., and Mr. Edison's summer home in Florida ' The suit was for the territorial lights for the sale of Edison phonographs phono-graphs 'ul phonographic supplies in New York state. It was begun In 1001. A similar suit for territorial rights "to the New England slates is now pending in the couits. An iu-junclion iu-junclion was recently gi anted in the New York cour'.s so restraining Mr. Edinon and bis as-rcialc:; that HoltK- jneut was jiecestary. |