[X154A8CM], Letter from Josiah Custer Reiff to Uriah Hunt Painter, June 17th, 1889


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[X154A8CM], Letter from Josiah Custer Reiff to Uriah Hunt Painter, June 17th, 1889

Editor's Notes

"I prefer writing you formally in regard to the stock a/c & the [illeg] because I [illeg] not risk the [trim?] formally to receive or comment on your views. ## You are wrong about this matter & I feel sure you do not mean to be. ## The phonograph oney for your protection was put in my [ileg] ## It was trust money & although it was subject to your draft for distribution without question by us, you did not originally claim it as your own, hence the interest a/c of that had nothing whatever to do with any stock a/c of you personally. ## You cannot get your stock a/c carried anywhere for less than [6%?], as that is the regular charge for carring as a minimum. Until we were authorized we had no right to treat that trust a/c as appreciable for the use of the stock etc. hence the distinction until now. ## The firm has allowed you 2% on this Trust money--the same as we allow on other deposits of large amount when not liable to daily draft. ## All this is entirely personal. You certainly must feel that both the old & new firm of W[oershishoffer?} have treated you with every consideration & my conduct speaks for itself. ## I have served you in a very unselfish & friendly manner, which you surely must concede. " PS I cannot understand why EHJ did not get something more out of Phonograph. Surely EHJ did not owe you $100,000.






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Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University
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