[D0018AAE], Letter from Stephen Fossa Moriarty to William Croad Lovering, May 17th, 1900


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[D0018AAE], Letter from Stephen Fossa Moriarty to William Croad Lovering, May 17th, 1900




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Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University


New York,
May 17, 1900.
Hon. William C. Lovering,
1824 Massachusetts Avenue,
Washington, D. C.
Dear Mr. Lovering:
I beg to confirm my conversation with you of to-day in which I stated to you that I have secured you fully to the extent of $15,000 in relationship to your ownership of a note of the Edison United Phonograph Company for $30,000, bearing 6% interest and due March 5, 1901, I have secured this by a deposit in the Chatham National Bank of New York City to the extent of $10,000, and I am forwarding you by tomorrow's mail an additional [notion?] that you are secured to the further extent of $5,000. This will secure you through a guarantee by any of your interest in that note of $15,000, and I hereby agree to protect you fully to that extent. The securities which are already deposited in the Guarantee Trust Company of New York City are more than adequate, to say the remaining balance of $15,000, so you may have no apprehension of any kind but that you are fully protected, and that is my intention as I assured in my convention with you to-day. I also have asked Mr. Searles to deliver you at once through Mr. Morrison fifteen hundred shares of the Stock of the International Graphophone Company to which you are entitled, and which he holds simply [as?] Trustee.
I regret very much that you have [illegible text] you [OBSCURED TEXT] with a handsome profit for all of the division who own exclusively all the interests of every nature that there is in this business.
Thanking you for your many courtesies extended to me during my visit here, and with kindest regards to your daughter, and trusting to see you soon on the other side, I remain,
Yours faithfully,
Stephen F Moriarty
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