[D8743AAI], Letter from Charles Francis Stone to Thomas Alva Edison, October 3rd, 1887


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[D8743AAI], Letter from Charles Francis Stone to Thomas Alva Edison, October 3rd, 1887

Editor's Notes

"On the 26th ult., I received notice from Drexel, Morgan & Co. that a final distribution on account of the Edison's Indian & Colonial Electric Company's stock has just been received by them, at the rate of one sixpence per share. This on 1445 shares belonging to my late firm, at $4.84 to the Pound, would be $524.53. I immdediately notified Mr. Tate and requested him to see to it that this amount due to us should not meet the fate of the previous dividends which were paid in 1885 and 1886, and credited to your account with the Machine Works, and which we have not yet received. Mr. Tate seems to have been unable to attend to the matter, and so I address you and will be much obliged if you would send me check for the above amount to-morrow. ## I have heard nothing from Mr. Tate about the previous payments, which he wrote me last June he would inquire about, and let me know when they would be repaoid by the machine works. In my letter to him of the 7th of June, enclosing the former account, the amount due on the previous dividends was stated to be 1489 Pounds, according to Mr. Insull's letter to me of October 18th of last year. According to Mr. Tate's calculation which I think must be correct, there should be deducted from this 42 Pounds 15 Shillings, leaving the correct amount 1446 Pounds and 5 Shillings. ## I shall be very glad to have this old account settled as soon as possible, but in the meantime you will of course agree with me that the September payment of $524.53 should be remitted without further delay to ## Thomas A. Edison, Esq. ## Edison Lamp Works, ## East Newark, N.J." Marginalia by TAE: "Tate= ## Explain that they did not pay but charged it against the Loan -- E"




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