[LB030388], Letter from Alfred Ord Tate to Samuel Insull, June 15th, 1889


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[LB030388], Letter from Alfred Ord Tate to Samuel Insull, June 15th, 1889

Editor's Notes

I enclose herewith a statement, showing the amount of note indebtedness of the Edison Phonograph Works, for March 1st, April 1st, May 1st and June 1st 1889, the same being, respectively, [lists amounts but they are difficult to transcribe with certainty]. ### I also enclose herewith statement of bills payable by weeks and months. They have made these weeks end on Sunday, for the reason that notes payable on that day are due Saturday. I had not changed this, as I [know?] you are in a hurry for the statement. You will observe that we have not notes remaining, as yet, during the month of September. By issuing four months notes for open accounts and [unclear], we can keep this month free. The [unclear] note indebtedness, [amount unclear] the paper last and you #25,000 [unclear] $10,000 advanced at your [unclear] by Mr. Edison, for which I took notes that I am bearing in your name [unclear] as not to have an open loan [unclear] on the books at the Phonographs [unclear] also $1,000 that I advanced for Mr. Edison to Phono. Works and which I am also holding here.### To get the total note [unclear] today, there should be deducted from the grand total, as shows on the attached statement of [amount unclear], paid for week [unclear] to [unclear] for to-day), namely [unclear], [unclear] our total note [unclear] at the present time [amount unclear]. ### I [unclear] present week with [amount unclear] of which [unclear] to you, I presume, to cover the stock which you gave us, and the [unclear]. This will give us [amount unclear] which is about $2,000 less than the amount necessary to cover bills payable returning next week. It covers everything, however up to Friday [unclear] next, and gives us the full name to prepare for Saturday, 22d instant. ### Mr. Butler has just telephoned me, saying that you want a statement of our open accounts. I will have a balance dated on Monday, when I will send this statement to you. Yours very truly, A.O. Tate









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