[D8416ARC], Letter from Samuel Insull to Sherburne Blake Eaton, February 29th, 1884


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[D8416ARC], Letter from Samuel Insull to Sherburne Blake Eaton, February 29th, 1884

Editor's Notes

[SELECTABLE] [/BUSINESS/] "Referring to your memo of this date, I beg to state that I dictated a memo some 7 or 8 days ago, which I though had been sent to you, but which I imagine from your memo could not have reached you. When I was in Paris Mr. Batchelor and myself had a considerable discussion with Mr Rau with relation to the European Company's present indebtedness, and the necessity of providing by means of cash payment for advance or some other method to meet the claims against the European Co. Mr Rau recognied that it was as much to the interest of the syndicate forming the new combination as to the interest of the European Co itself that the latter should be able to meet their payments, or in other words, to be kepy out of bankruptcy. I suggested in addition to cash payment some arrangement should be made by which an amount should be annually paid to the European Co to cover the amount of its annual expenses. It wasin this connection Mr Rau said he would like his brother-in-law, Mr Wallerstein to look over the accounts of the European Co and bring him a statement of the indebtedness of the same, as at the time I was in Paris, Mr Rau anticipated that Mr Wallerstein would be making a trip to Paris. Mr Rau wrote about this matter to Mr Wallerstein and Mr Wallerstein requested me to mention it to you. I regret very mcuh that my memo on the subject should not have reached you which is owing to the fact that my Shorthand Writer either forgot to send it to you or mislaid his notes."




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