[LM022116], Letter from Charles Patterson Bruch to Ezra Torrance Gilliland, September 4th, 1888
https://edisondigital.rutgers.edu/document/LM022116
→ View document with UniversalViewer
→ View document on Archive.org
→ Re-use this digital object via a IIIF manifest
Title
[LM022116], Letter from Charles Patterson Bruch to Ezra Torrance Gilliland, September 4th, 1888
Editor's Notes
"I have your letter post-marked August 23rd. The only unpaid notes of which there is any record are as follows:- ### S. Bergman dated May 15th, 6 months, due Nov. 15th, $1000.000 ### Same name, Same date, 9 months, due Nov. 15th, 1000.00 ### Same name, same date, 12 months, due May 15th 1000.00 ### Henry D. Hall, sixty days, due Sept. 26th 350.00 ### The note given Hall was discounted by Cornelius Van Brunt and is payable at the Hanover National Bank. I enclose twelve more blank checks. You will have time to mail me a check to meet the first Bergmann note before it comes due if you do not return by that time. ### I have received from the American Bell Telephone Company and deposited to your credit in the Hanover National Bank, check for $166.66, on account of salary to date. ### The following is a copy of the telegram from McCutcheon to the N.A.P. Company mentioned in a former letter: ### "Gilliand contracted for Indiana in December last, before your connection with the Company. This contract you must respect. I have not and do not intend to release and will enjoin you or any one operation outside of me. You have no right to assign." ### In regard to Lippincott's payment, I called on him on the 1st prepared to deliver the stock. Mr. Lippincott stated that he was unprepared to make the payment and explained that he would have been ready to do so had it not been for the fact that the man with whom he had expected to place a large amount of the new Company's stock had happened to meet Mr. E.H. Johnson and to remark to him that he was about to invest in the Phonograph enterprise. Johnson said "They haven’t got the Phonograph; I have it. This, of course, coming from a man who has been closely associated with Mr. Edison and occupying a prominent position at the head of one of Mr. Edison's companies, had the effect of spoiling Lippencott's arrangement in that direction, temporarily at least. A 'Herald' reporter also heard the remark and was about to publish it. Lippincott saw Edison and they succeeded in keeping the matter from publication. He is now endeavoring to secure a satisfactory settlement. He tells me that he owns nine thousand of the twenty thousand shares of the old Edison Speaking Phonograph Company, Johnson, Painter and Bergmann owning eleven thousand. He tells me that if it had not been for this circumstance he would have been prepared to meet his obligations as agreed and he would have met them any how, had he foreseen that anything of this kind would occur. ### Yesterday was a holiday (Labor Day) so nothing could be done. I saw Mr. Lippincott this morning with the intention of arranging the payment on the 25th as directed, but he now thinks he will be able to make the payment this week; he will know definitely tomorrow. In case he is unable to arrange the payment of one hundred thousand dollars on the 25th by collateral which shall be satisfactory to me. I assented to this proposition to delay the matter another day, believing it would be more satisfactory to you to have the payment made at once than to have it delayed as was proposed in Mr. Lippencott's cable. I have cabled you today and will cable you again if necessary in any event, when the matter is settled. ### There was no quorum at the special meeting of the Board of Trustees of the C.I.R.T. Co., called for this afternoon." Yours very truly, Chas. Brunch.
Author
Recipient
Mentioned
Date
1888-09-04
Type
Folder/Volume ID
LM022-F
Microfilm ID
143:1095
Document ID
LM022116
Publisher
Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University