[D8719ABI], Letter from Samuel Insull to Alfred Ord Tate, October 6th, 1887
https://edisondigital.rutgers.edu/document/D8719ABI
→ View document with UniversalViewer
→ View document on Archive.org
→ Re-use this digital object via a IIIF manifest
Title
[D8719ABI], Letter from Samuel Insull to Alfred Ord Tate, October 6th, 1887
Editor's Notes
I have your favor of Oct. 5th. ## I am surprised at your talking about the $600.00 of Western Union money going to pay the interest on the mortgage on Mr. Edison's house. The Western Union money and $1550.00 in addition, was required to meet Mr. Edison's notes due on the 4th. And 6th. Judging from your letter, you must make it your business to keep yourself posted on the state of Mr. Edison's affairs at 40 Wall St. or wherever Randolph's books may be. Randolph has, I presume, collected the Western Union money and deposited it in the Germania Bank some five days ago. I enclose you herewith, four months note date Sep.1st., of the Edison electric Illuminating Co. of Detroit, amounting to $10,116.96. If you will get Mr. Edison's signature under ours and then endorse it for the Lamp Co., this will make a very strong note, and inasmuch as it has only about two months and three weeks to run, I presume you will have no trouble in discounting it; please advise me of the net proceeds of the note. Give Mr. Edison what he wants and keep the remainder; I shall of course charge the whole sum less the discount, to Mr. Edison. ## I must say that I feel extremely annoyed that I should be posted on Thursday as to Mr. Edison's requirements of eight or ten thousand dollars on Friday. I have written Mr. Edison a very stiff note on this subject, and the next time he asks you to get money from me, I think you should point out to him the exteremely unbusinesslike proceeding of expecting me to pay out ten thousand dollars on less than 24 hours notice; my own difficulties are great enough without receiving any such short notice. He promised that he would let me know at least a week ahead, what his requirements would be." Marginalia in Insull's hand at the end of the letter: "I have to pay out $65,000 within the next 15 working days. I have deposited at Germania to Mr. Edison's credit $1550 within the last three days I have sent randolph check for $287 to pay Parsons & Lefevre which with enclosed note makes $11737 in less than a week."
Author
Recipient
Date
1887-10-06
Type
Folder/Volume ID
D8719-F
Microfilm ID
119:703
Document ID
D8719ABI
Publisher
Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University