[LM003135], Letter from Samuel Insull to Edward Hibberd Johnson, April 11th, 1883
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Title
[LM003135], Letter from Samuel Insull to Edward Hibberd Johnson, April 11th, 1883
Editor's Notes
Yours of 29 March rcd; will reply in the hour I have before TAE arrives. Re: Lowrey: "Just as we expected. You may remember telling me that you thought some trouble would occur." Central station collections still poor. Dispute over lighting WU building laid to Eckert's "old enmity" toward TAE. Village Plant syndicate: TAE, Hastings, and myself went to Albany and the outcome will probably be the formation of an Albany Co (resolution of dispute between Benton [Insull's man] and Graves). Isolated Co doing nothing now but expect big business when season turns; helped out by infusion of money by Borden. Isolated Co trying to do big biz with small capital, having trouble paying cash while extending 90 days credit. "If we were big capitalists we could stand it but as we are not Edison & Bergmann are feeling the effects of a rapid extension of business." Expect to have several Village Plants operating by time you receive this. Put in estimate for the first (Shamokin) last Saturday (1600 lights $24,920); expect a "terrible amount of work to do" this summer. "Edison is here right along and takes a dive into everything. I fancy his presence will be conducive to the better running of the business. It most definitely requires looking after. Hastings will I think pan out very well. Of course as Treasurer & Secretary he has a hard road to travel, more especially as Eaton (in his mistaken policy of centralization) refuses to give Hastings the authority which he should have. But still Hastings does splendidly...He is by no means such a good financier as Goddard but of course he is a very much younger man."
Author
Recipient
Date
1883-04-11
Type
Folder/Volume ID
LM003-F
Microfilm ID
84:118
Document ID
LM003135
Publisher
Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University