[LB011415], Letter from Samuel Insull to Charles Batchelor, March 7th, 1882

Item

Abstract

Referring to cables confirmed elsewhere as to your new clock in [Laurent] Co I arranged with Col Goddard several weeks back that the payment should stand over until Edison should be in funds to pay for it which will be in the course of a week or so as we shall receive the money due on account of English and Australian Light Contract. Your share in these will not only be ample to meet this payment but will leave a considerable balance to be paid to you.##Eaton told me that you had written him to sell some of your stock to pay for the subscription. I at once asked him not to do so but to wait while I cabled you. Your cable came the same day and the reply I sent you will I think prevent your doing anything until you get this.##I probably ought to have advised you that I was attending to the matter for you but in the general press of other matters I arranged it with Goddard and did not think to write you on the subject.##The [Laueal] Stock now is very low. It is selling at 375 400 and has sold within a few weeks as low as 315. It would therefore be a great sacrifice to sell at present prices.##Just as soon as the money comes from London on account of either the Australian or English Contracts I shall pay for your stock.##Edison is away in Florida having a rest He needed it badly I hope he will stay away a month. He has shown great confidence in me in leaving me in full charge of everything which is of course highly gratifying to me although with the work and shouldering the responsibility as well I have a lively time to keep things in order

Recipient

Date

1882-03-07

Decade

1880-1889

Type

Identifier

LB011415

Folder Set

LB011

Title

[LB011415], Letter from Samuel Insull to Charles Batchelor, March 7th, 1882

Microfilm ID

81:429

Publisher

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

Item sets