The Thomas A. Edison Papers Digital Edition

Transcription

My dear Mr. Tate: 
I send you enclosed herewith a letter addressed to the Edison Phonograph Works which is written pursuant to the understanding arrived at at the last Meeting of the Board of Directors of The North American Phonograph Company, and which speaks for itself. At the foot of the letter you will find a memorandum which should be signed by The Edison Phonograph Works, by its President, and the paper should then be returned to me to be filled with the original One Thousand Machine Trust.” Upon its return a copy of the paper, as executed, will be prepared and sent to the Company for its files. Kindly give this matter attention at your earliest convenience and oblige. 
Yours very truly, 
Adriance Bush 
To 
A.O. Tate, Esq. 
N. B. Don’t forget to have the seal of The Edison Phonograph Works affixed to the consent at foot of letter when signed. New York, October 29th, 1892
Gentlemen:-
Referring to the Agreement made between the Edison Phonograph Works and the North American Phonograph Company, dated June 23rd, 1891, and relating to the sale of "One Thousand Machine Trust", and by which Agreement certain duties  were imposed upon me, as Trustee, as to the disbursement of certain funds to be paid to me under the provisions of said Agreement, and which Agreement was thereafter, by mutual consent, as to the time of the expiration thereof extended to the first day of July, 1893, with the understanding that it should be thereafter in like manner further extended until said One Thousand Machines should all be sold I now at the request of the North American Phonograph Company call your attention to certain changes and modifications in said Agreement which have been heretofore verbally agreed to by you, through Mr. Tate, but which it is desired should now be put in the shape of written memoranda so that a complete record any remain in my hands as such Trustees. 
1. To the original claims against the N.A.P. Co., as specified in said Agreement and which were to be liquidated by me as such Trustee, there has been added the claim of Messrs Dyer & Seeley, amounting to $3183.10, which amount is now in process of liquidation. This arrangement having been made at the time of the funding of the so-called "Edison Indebtedness," the amount having been inadvertently omitted on the settlement. 2. 205 machines which the North American Phonograph Company has arranged to sell Mr. Tewksbury, or the Company represented by him, upon terms and in the manner specified by the Board of Directors of said N.A.P. Co., are to be excluded from the provisions of said Trust Agreement. 
3. The North American Phonograph Company should be at liberty to arrange for the sale of machines in Canada, at much prices as will not to that Company not less than eighty ($80) Dollars to be paid to the Trustee, instead of Ninety ($90) Dollars therefor, as arranged by said Agreement, anything contained in said Agreement to the contrary not-withstanding.
4. The North American Phonograph Company to have the right to sell one hundred machines to the Nebraska Phonograph Company, at Seventy-five ($75.) Dollars per machine and the machine so sold to be excluded from the provisions of said Trust Agreement.
5. The Trustee having from the funds to be disbursed by him  heretofore permitted to expend twelve hundred ($1200) Dollars thereof in liquidating claims against the Automatic Phonograph Exhibition Company by making a loan of that amount to said Automatic Phonograph Exhibition Company, on the part of said North American Phonograph Company, and which loan was necessary to protect the interests of The North American Phonograph Company, such action on the part of the Trustee is confirmed and he is requested to extend the time for re-payment for such period as the convenience of the Treasurer of said N.A.P. Co., may require.
6. It is understood that the provisions of said Agreement relative to the restriction plate that should be affixed to each instrument shall hereafter not be obligatory and that the restrictions hereafter to be placed upon machines shall be such only as the Board of Directors of said N.A.P. Co., shall from time to time determine.
7. Mr. Tae, on your behalf, has heretofore agreed to these proposed changes and has stated that a written acknowledgement of the receipt of this letter with a concurrence in the changes specified would be forwarded at once. Kindly let me have this return mail, if possible, as the proposed sales of certain machines by the North American Phonograph Company is awaiting my assent, and oblige.
Yours very truly,
(signed) J. ADRIANCE BUSH
Trustee The undersigned hereby agree to the foregoing arrangements and approve of the action of the Trustee heretofore taken in respect thereto.
Dated, October 29th, 1892.
The Edison Phonograph Works.
By (signed) Thos. A. Edison
President