[LB049019], Letter from Alfred Ord Tate to Samuel Insull, April 16th, 1891
https://edisondigital.rutgers.edu/document/LB049019
Transcription
April 16, 1891. Samuel Insull, Esq., P.O. Box 3067, New York City. Dear Sir:- Our experimental bills for this year are all held back pending a settlement respecting the basis upon which we should bill experiments for the Edison General Electric Company. As I understand it you have already agreed with Mr. Edison that these costs shall be made up as follows: Labor, Material, General Expense, the last including ordinary general expense, appliances in use, taxes, insurance, and small tools. Nothing is to be allowed for depreciation. I wish you would kindly confirm this at once, so that we can make our books up properly. When works get so far behind it takes almost a couple of months to catch up. Yours very truly, (Signed Alfred Tate) Private Secretary.