[D8848ADN], Letter from Jesse H Lippincott to Thomas Alva Edison, September 7th, 1888

Item

Abstract

"Will it be convienient for your Mr. Tate to call here about noon on Monday next. I will be prepared to give you a check for $65,000 at least, and a note for the balance $50,000 payable Sept. 26th in exchange for your receipt for $115,000 to deposit with the Garfield Safe Deposit Co. If you will make the receipt for $115,000 in account of purchase of Phonograph Co. Stock that will keep the deposit Co. straight, then as a protection to you and your associates I will give you a paper agreeing that if the note is not paid at maturity that the deposit Co. shall issue to me only one share of stock for every hundred dollars that you have actually received in cash from me. I spoke to Mr. Tate about getting Mr. H.K. Thurber to endorse my note, but since that time he has advanced me a considerable sum of money, and is to advance me still more, so that I would prefer to not ask him for the endorsement. You will really take no risk as it simply amounts to giving me an extension of sixteen days on $50,000 and if not paid I get nothing for it, but I can assure you that it will be promptly paid." Very truly yours, Jesse H. Lippincott [Marginalia: "O.K. AOT"]

Mentions

Date

1888-09-07

Decade

1880-1889

Type

Identifier

D8848ADN

Folder Set

D8848

Title

[D8848ADN], Letter from Jesse H Lippincott to Thomas Alva Edison, September 7th, 1888

Microfilm ID

124:407

Publisher

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