[D8532D], Letter from Henry M Livor to Samuel Insull, June 5th, 1885


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[D8532D], Letter from Henry M Livor to Samuel Insull, June 5th, 1885

Editor's Notes

I am obliged to notify you that one of two things is about to occur, and that at once. One is that the shaft will have no work or the other that our promises to pay will go to protest I certainly have not time to [finance?] an empty treasury and at the same time secure work and take general supervision of the business. Perhaps the majority stockholders think it can be done by one man and I am very much inclined to let them try, more especially as I, a considerable time ago, placed the facts before and up to this time, but little or no inclination has been shown to aid me. ##It has positively come to a point now where by some means or other, the finances of this company must be placed upon a sufficiently sound basis to leave me untroubled[?] to secure work or I shall be obliged to turn the matter of management entirely over to any such person as the stockholders may select. ##Fully three quarters of my time is taken up in getting money to make our payroll and notes. The result is now showing itself. We probably have not over 10 days work ahead, [-----] I am positive that if this same time [-----] of selling and management and what the result will be, you know as well as I. ##We have a note coming down Saturday of this week and we have about $300 in the bank and the note is $610. This, with payroll, will make about $1050. I am promised sufficient to meet this payment, but promises are not as a general thing kept. ##There is no use talking. I cannot stand the worry. Everything is on my shoulders and if my partners do not take sufficient interest in the business to aid me, I shall have to stop.





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