[LM241083], Letter from Walter Seeley Mallory to General Electric Co, September 25th, 1900
https://edisondigital.rutgers.edu/document/LM241083
Transcription
September 25th, 1899 The General Electric Company, 44 Broad Street, New York City Dear Sirs:- Owing to present depression in the iron business and the very large stock of raw material on hand at the Eastern Blast Furnace, we have been unable to market our product and have accumulated a large stock of it. We have decided to suspend operations until there is a change in the situation and make shipment, for any orders we may obtain, from the stock on hand. It will be an accommodation if you will permit us to renew our notes as follows: Oct. 1-$294.75 Nov. 1-361.41 Dec. 1-455.85 We would like to renew these notes at four months interest, so to carry payments until after when we start in operation, which we hope will be early next year. If the note due October 1st. has gone forward for collection, we will pay it when due and send you the renewal note and you can send us check. Trusting you can accommodate us and thanking you for past flavors, we are Yours very truly, W.S. Mallory