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January 27th,1932.
Mr, E. A. Markley,
Collins & Corbin,
1 Exchange Place,
Hoare Corporation
Jersey City, N.J.
lir. Chas. Stockdell Grey
Counsel, Globe Indesnity Co.,
20 Washington Place,
Newark, H.J.
Gentlemen:
Answering Mr. Markley's letter of January 26th on the
above subject.
To believe it would be wise to settle this suit for a
sua not exceeding $5000.00 if possible, as undoubtedly the cost
of trial will approximate that figure.
Tie presuse that under our present agreements with the
insurance companies that the United States Radium Corporation
would be obliged to advance the amount of settlement, but feel
that the Globe Indemnity Company should give their authorization,
since in case we won the suit now pending against the insurance
companies, on the question of coverage, we would expect to be
reimbursed for the full amount advanced by us.
Very truly yours,
President.
CBLee:RH
IF E' Y' HELETER'
SAFE' Tass*
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"ocrText": "January 27th,1932.\nMr, E. A. Markley,\nCollins & Corbin,\n1 Exchange Place,\nHoare Corporation\nJersey City, N.J.\nlir. Chas. Stockdell Grey\nCounsel, Globe Indesnity Co.,\n20 Washington Place,\nNewark, H.J.\nGentlemen:\nAnswering Mr. Markley's letter of January 26th on the\nabove subject.\nTo believe it would be wise to settle this suit for a\nsua not exceeding $5000.00 if possible, as undoubtedly the cost\nof trial will approximate that figure.\nTie presuse that under our present agreements with the\ninsurance companies that the United States Radium Corporation\nwould be obliged to advance the amount of settlement, but feel\nthat the Globe Indemnity Company should give their authorization,\nsince in case we won the suit now pending against the insurance\ncompanies, on the question of coverage, we would expect to be\nreimbursed for the full amount advanced by us.\nVery truly yours,\nPresident.\nCBLee:RH\nIF E' Y' HELETER'\nSAFE' Tass*"
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