J. & E. Stevens Co. — National & Magic
Banks
Agreement with Charles Wood and Augustus B. Prouty
— May 25,
1876
This agreement made this twenty-fifth
day of May A.D. 1876 by and between
Charles Wood and Augustus B. Prouty both of the City of Worcester
and State of Massachusetts, parties of the first part, and The J. &
E. Stevens Company of Cromwell in the State of Connecticut, party of
second part witnesseth:-
That said parties of the first part hereby agree to sell to the
said party of the second part the sole right to manufacture and sell
a certain toy bank or money box of which the said parties of the
first part are the owners and for which they have obtained and now
own letters patent of the United States and bear date Aug 5th A.D.
1873, and March 7th A.D. 1876, and numbered 141,516 and 174,569.
And the said party of the second part hereby agree to pay to
each of the parties of the first part the sum of twelve and one half
cents (12-1/2 cts) per doz for each and every doz of said banks by
them made and sold, and to advertise the said banks in their
catalogue or price lists, and to use the same means and exercise the
same diligence in selling said banks as they use and exercise in the
sale of their other goods.
The said party of the second part also agree to furnish true
and correct statements, quarterly, of the number of banks sold under
this agreement due therefore to the parties of the first part or to
their order.
Charles Wood
Augustus B. Prouty
The J. & E. Stevens Co.
Wm E. Hulbert, Secty.
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