COPY. B.
Orange, N. J.,
January 29th, 1891.
Automatic Phonograph Exhibition Co.,

13 Park Row,
New York City.
Dear Sirs:-
On the 14th of August last Mr. Edison drew a check on Messrs: Drexel, Morgan & Co., to the order of Jesse H. Lippincott, for $3,500, which was delivered by me to Mr. Lippincott in person. This check was turned over by Mr. Lippincott to the Automatic Phonograph Exhibition Co., as a cash loan from Mr. Edison; and Mr. Edison is now credited on the books of that Company with the amount. We desire to obtain from the A. P. E. Co. an acknowledgement of this debt. Mr. Lippincott, and the Cheever-Gilliland interest have also made loans to the Company, and in considering the form of acknowledgement we have to remember that these parties can demand like recognition of their claims. For this reason we do not consider it desirable to ask for a demand note, as much form of acknowledgement might be dangerous in other than Mr. Edison’s hands. A [illegible text] is open to the same objection, as it would become a [illegible text]. What form of security would you suggest which would not carry with it [illegible text] objection.
[Yours very truly,?]
A. O. Tate
[Private Sec'y.]
(Signed)

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