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| 1 | 314 | 629 | 943 | 1257 |
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The firm owes other sums, but there is stock and cash assets to cover
the entire indebtedness and $116,679.20 over. Is that it? In addition
we have the L. A. L. plates and copyright, worth more than $130,000--is
that correct?
That is to say, we have property worth about $250,000 above
indebtedness, I suppose--or, by one of your estimates, $300,000? The
greater part of the first debts to me is in notes paying 6 percent. The
rest (the old $70,000 or whatever it is) pays no interest.
Now then, will Harper or Appleton, or Putnam give me $200,000 for those
debts and my two-thirds interest in the firm? (The firm of course taking
the Mount Morris and all such obligations off my hands and leaving me
clear of all responsibility.)
I don't want much money. I only want first class notes--$200,000
worth of them at 6 per cent, payable monthly;--yearly notes, renewable
annually for 3 years, with $5,000 of the principal payable at the
beginning and middle of each year. After that, the notes renewable
annually and (perhaps) a larger part of the principal payable
semi-annually.
Please advise me and suggest alterations and emendations of the above
scheme, for I need that sort of help, being ignorant of business and not
able to learn a single detail of it.
855
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