[D8835AAO], Letter from Samuel Insull to Thomas Alva Edison, January 26th, 1888

Item

Abstract

"When you were sick last year I received from Upton $6000, on your account, being the purchase price of two shares of Lamp Co. stock, which the Lamp Co. undertook to carry for me. ### I was borrowing money from you at that time on behalf of the machine works, and this $6000 was borrowed amongst therest and stood to your credit on the Machine works books. It was included in the among of $149,343.66, which we owed you on July 1st. ### I had intended to pay you back the money but had entirely overlooked the matter until a few days ago I was discussing Lamp Co affairs. I have not $6000 to pay you at the moment, but you certainly ought to have something that you could use to meet your current expenses. I therefore enclose you herewith our Notes for the total amount, $2000 payable in 4 months, $200 payable in 5 months and $2000 payable in 6 months. The $2000 payable in 4 monhts you can have discounted at your bank immediately. The $2000 payable in 5 monhts you can get discounted a month from now, and the $2000 payable in 6 monhts you can get discounted a month later than that. ### will you please tell Tate to send me a memorandum of the amount of discount as he gets each note discounted and I will send you a Check in payment of same. The iterest on the $6000 which we have had the use of for a year will be figured in our runnig account with you when we make final settlement." Very truly yours, Saml Insull [Marginalia: "I shall be at the Laboratory Friday. Do not send any of these notes for discount till then. I can show you I think a way of getting them discounted without going to your bank" "Ackd Jan 28/88"]

Date

1888-01-26

Decade

1880-1889

Type

Identifier

D8835AAO

Folder Set

D8835

Title

[D8835AAO], Letter from Samuel Insull to Thomas Alva Edison, January 26th, 1888

Microfilm ID

123:449

Publisher

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