[LB039151], Letter from Alfred Ord Tate to Samuel Insull, March 28th, 1890

https://edisondigital.rutgers.edu/document/LB039151

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Title

[LB039151], Letter from Alfred Ord Tate to Samuel Insull, March 28th, 1890

Recipient

Date

1890-03-28

Type

Subject

Folder/Volume ID

LB039-F

Microfilm ID

140:873

Document ID

LB039151

Publisher

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

Transcription

March 28th 1890
Samuel Insull, Esq.,
No. 44 Wall Street, New York City
Dear Sir:-
In reply to your letter under date of 27th instant, in regard to the mortgage upon the Phonograph Works shops, I beg to say that this is held by Mr. H.B. Auchincloss, Llewellyn Park, Orange, New Jersey. The amount is $10,000, rate of interest is six percent, payable half-yearly. The next payment is due 12th of May, 1890. The mortgage was made for five years.
I have spoken to Mr. Auchincloss about canceling this mortgage, and he agreed to cancel it at any time that we may desire.
He is not in town himself, but he has left all the papers with his Attorney, Mr. Kingsley, and any time that we are ready to pa over the principal, the mortgage will be cancelled by Mr. Auchincloss' representative.
Yours very truly,
A.O. Tate
Private Secretary
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