[LB047200], Letter from Alfred Ord Tate to Sherburne Blake Eaton, February 2nd, 1891
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Title
[LB047200], Letter from Alfred Ord Tate to Sherburne Blake Eaton, February 2nd, 1891
Author
Recipient
Date
1891-02-02
Type
Subject
Folder/Volume ID
LB047-F
Microfilm ID
141:1042
Document ID
LB047200
Publisher
Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University
Has Version
Item sets
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
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