[D8939AAM], Letter from Francis Robbins Upton to Henry Villard, February 23rd, 1889

Item

Abstract

[This is an enclosure to D8938AAL] By directions of Mr. Edison, I call your attention to the finances of the Edison Lamp Company.##On October 31st, 1888 when you last received a memorandum of our books, our surplus profits were $232,379.33. On January 31st, 1889 our surplus profits were $272,732.86##On October 31st, 1888, the Company owed $156,038.15. On Jan. 31st, 1889 the Company owed $109,324.68. If the business is actively pushed I feel assured that this rate of profit can be easily maintained throughout the year to come. Of course to maintain this rate, we shall need an active trade in the fall to offset the dull months of the summer.##If the statement of the examiners had been made on the 31st of January 1889 instead of the 31st of October 1888, it would have added about $19,000. to our profits of the year, as on our profits last year in the three months mentioned was $21,000. in place of $40,000. this year.

Recipient

Date

1889-02-23

Decade

1880-1889

Type

Identifier

D8939AAM

Folder Set

D8939

Title

[D8939AAM], Letter from Francis Robbins Upton to Henry Villard, February 23rd, 1889

Microfilm ID

126:490

Publisher

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