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March 11th,1930.
Globe Indemnity Co.,
20 Washingon Place,
Newark, N.J.
Att'n Mr. Chas. Stockdell Gray
Dear Mr. Gray:
In accordance with the understanding arrived at
in Mr. Smith's office in Jersey City yesterday afternoon, we
have this morning sent check to Mr. Smith made to the order of
Potter and Berry in the amount of $8000.00, which represents full
settlement and satisfaction of the Canfield case against the
United States Radium Corporation.
It is understood that the New Amsterdam Casualty
Company, and the Globe Indemnity Company, will each send us a check
for 1/3 of the $8000.00 above mentioned.
We wish to go on record that we do not recognize the
method of division proposed by Mr. Pesinger, of the New Amsterdam
Casualty Company, as an equitable one, and therefore, our contri-
buting 1/3 towards the settlement of the above case is in no way
to be interpretated as prejudicial to our right to demand contri-
butions from the Insurance Companies involved based on coverage.
Very truly yours,
President.
CBLee:RH
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"ocrText": "March 11th,1930.\nGlobe Indemnity Co.,\n20 Washingon Place,\nNewark, N.J.\nAtt'n Mr. Chas. Stockdell Gray\nDear Mr. Gray:\nIn accordance with the understanding arrived at\nin Mr. Smith's office in Jersey City yesterday afternoon, we\nhave this morning sent check to Mr. Smith made to the order of\nPotter and Berry in the amount of $8000.00, which represents full\nsettlement and satisfaction of the Canfield case against the\nUnited States Radium Corporation.\nIt is understood that the New Amsterdam Casualty\nCompany, and the Globe Indemnity Company, will each send us a check\nfor 1/3 of the $8000.00 above mentioned.\nWe wish to go on record that we do not recognize the\nmethod of division proposed by Mr. Pesinger, of the New Amsterdam\nCasualty Company, as an equitable one, and therefore, our contri-\nbuting 1/3 towards the settlement of the above case is in no way\nto be interpretated as prejudicial to our right to demand contri-\nbutions from the Insurance Companies involved based on coverage.\nVery truly yours,\nPresident.\nCBLee:RH"
}