[LB053180], Letter from John F Randolph to Samuel Insull, March 28th, 1892
https://edisondigital.rutgers.edu/document/LB053180
Transcription
March 28th 1892 Samuel Insull Esq. 42 Broad Street New York Dear Sir: I beg to advise you that I called you up regarding the books and it happened to the morning that you was called away to Chicago. I took the papers regarding the books to Mr. Edison and he refused to sign same stating that he was entitled to receive the one quarter free and that in order the get that amount free he was entitled to receive a percentage for the use of the Tools,as he made up a memorandum in his own handwriting which is just the same as talked over by use on Saturday with the exception that he charged 8% depreciation on Mach + Tools and his reason for doing so was that in a few years the Tools + c would be used up and he would receive nothing for them. He instructed me to go ahead and make up the books on that basis which I have done. Trusting this meets with your approval I remain John R. Randolph Mar 26/92 W.E. Simmond Esq Bureau of Patents Washington D.C. Dear Sir: Referring to enclosure please discontinue sending the copies of patents in classes of Electric Motors and Railways, and oblige Yours truly, Thomas A. Edison [illegible text]