[D8962ABD], Letter from Jesse H Lippincott to Thomas Alva Edison, December 26th, 1889


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[D8962ABD], Letter from Jesse H Lippincott to Thomas Alva Edison, December 26th, 1889

Editor's Notes

Dear Mr. Edison, I intended to go out to Orange to see you on Tuesday but found you had left for Akron Monday night. I have succeeded in purchasing the 150 shares of stock in the Edison Phonographs Co. Owned by Mrs. Mary Hemenway of Boston and I now have the certificate in my possession. You know she paid in $22,200. I made the purchase for $23,400., so we will have no more trouble in that direction.##On account of the changes in the phonograph and the total cessation of shipments for several weeks, I have concluded it was not wise to attempt to offer the stock of the North American Company to the public until we reached a point where we could deliver the machines freely. We have not yet reached that point and will hardly be able to do it for some little time yet. For that reason I would like you to renew my last note and the stock privilege you have for three months, say until March 31st, next. It is not probable that I will ask of you any further extension of time. If this meets with your approval, kindly send me a note to Major Eaton by return of mail, telling him to extend my note and the stock privilege until March 31st. The other papers come due next Tuesday, so I should like you to send to me the authority granting the extensions by return of mail.##You may not be aware of the fact but the North American Company has paid the Edison Phonograph Works, up to date, the sum of $243,00.##With the compliments of the season and trusting I may have prompt reply, I am as ever, Sincerely yours, Jesse H. Lippincott




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