W. H. F. Talbot Esqr
Since I had the pleasure of seeing you I have seen Mr Beard <1> and I suggested the following proposition.
That Mr Beard should undertake to push your Patent <2> and find licensees and generally to manage the business relating thereto he receiving 15. per cent on the returns for sales of Licenses and for
licen annual license dues and that such arrangement should be exclusive to him so long as the numbers of amount for likenesses taken or other working of the Patent did not fall below £500 in any year which would be £425 to Mr Talbot 75 to Mr Beard col – Mr Beard thinks such an arrangement satisfactory provided you and he can agree on the amount per cent and the numbers – Mr Beard thinks that it would be better to grant licenses for Town and certain Miles Round in place place of licenses to individuals in a Town this is a matter to be considered –– Mr Beard requested me to ask you for for some of your paper to make trial with and you were so good as to say you would send me some specimens for his inspection
Your Obdt Sert.
Mar 7th 1842
W. H. F. Talbot Esq
1. Richard Beard (1801–1885), coal merchant & daguerreotypist, London.
2. The Calotype patent, entitled ‘Photographic Pictures’, U.K. number 8,8428, February 1841.