[D8835AAI], Letter from Samuel Insull to Alfred Ord Tate, January 7th, 1888

Item

Abstract

"I have your favor of the 6th inst. In which you ask me to send $9020.45 of our paper to Mr. Edison's order, in part payment of our loan from him. The last time I saw Mr. Edison, which was about Dec. 1st, I shoped him what we had paid out for his account up to that date. During the month of Dec. we rendered to him bills amounting to $18,168.95. We have here in the office to start out Jan. bills amounting to $4045.12, so that adding these 2 amounts together, it will show a total of $22214.17 paid Mr. Edison practically within 30 days. If I send you the Notes he now asks for it will bring this total up to $31234.62 paid back to him in this short period. The large and rapid calls that he has made upon us for money simply puts me in the position of being compelled to refuse to assume any further liability, until I have balanced up my books for the year 1887, and am enabled thus to get a clear idea of exactly how we stand. I am sorry to have to write this letter, but of course my first duty is to meet the liabilities that we have already incurred. ### I wrote Mr. Edison about 5 weeks ago that his demands on us began to scare me. They are now growing so heavy that I must call a hald until I can see him and show him the exact situation." Very truly yours, Saml Insull [Marginalia: "Please show this to Mr. Edison"

Recipient

Date

1888-01-07

Decade

1880-1889

Type

Identifier

D8835AAI

Folder Set

D8835

Title

[D8835AAI], Letter from Samuel Insull to Alfred Ord Tate, January 7th, 1888

Microfilm ID

123:440

Publisher

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