[LB047200], Letter from Alfred Ord Tate to Sherburne Blake Eaton, February 2nd, 1891
https://edisondigital.rutgers.edu/document/LB047200
Transcription
February 2, 1891. Major S. B. Eaton, 120 Broadway, New York City. Dear Sir:- On the 14th of August last I handed to Mr. Lippincott Mr. Edison’s check on Drexel, Morgan & Co. for $3,500, which sum Mr. Lippincott stated he would pay over to the Automatic Phonograph Exhibition Co. as a loan for Mr. Edison. Subsequently Mr. Lippincott gave the A.P.E. Co. check of the N.A.P. Co. for $7,500, requesting them to credit the amount on their books to Messrs. Robinson and Blodgett, Trustees. Mr. Edison contributed of this amount the $3,500 named above. We have no recognition of the debt and desire to obtain one. The Cheever-Gilliland interest has loaned money to the A.P.E. Co. In view of this Mr. Edison does not wish to ask for a demand note, as the other creditors could obtain like security, which might become a menace some time in the future. A time note is open to the same objection, as it becomes a demand upon maturity. Will you be good enough to suggest some way in which we can obtain an acknowledgement of this debt and avoid the contingency suggested above. Yours very truly, A. O. Tate