[D8704ADG], Letter from Samuel Insull to Thomas Alva Edison, October 6th, 1887


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[D8704ADG], Letter from Samuel Insull to Thomas Alva Edison, October 6th, 1887

Editor's Notes

Since writing to you this morning, had a letter from Tate saying you need $8,000 by Thursday or Friday; he also asked me to pay $2,000 to the Lamp Co., which is short of money because you overdrew your account with them $8,000; have a strong objection to being given such short notice since you promised to inform me of your requirements a week ahead; have $65,000 to meet within 15 days and an extra $10,000 is "a little more than I can stand without protesting"; sent Tate today a note of the Illuminating Co. of Detroit, amounting to $10,110 with two months, three weeks to run; Lamp Co. should be able to discount this in its bank; Tate can then pay you $8,000 and keep about $2,000 for himself; if you still want money to meet mortgage interest, I will send check; since July 1, have paid you $11,647.72, partly in small amounts for rent, office payroll, and small bills at 40 Wall St., partly in large amounts to meet notes you have given out, one for $2,037.47, which I gave to Eisner & Amend.; "I am, as you well know, perfectly willing to run all round the country to hunt up money for you, and I can by hook or by crook, supply your wants, but I cannot do it unless you advise me ahead of your requirements"; note I sent Tate was to be used to retire some of my notes for the following week; the $15,000, which you said was "a debt of honor on my part, so to speak, has not only been paid back, but 33-1/3% more than this."




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