The Edison phonograph monthly (Dec 1914-Dec 1915)

12 EDISON PHONOGRAPH MONTHLY, JUNE, 1915 CYLINDER PHONOGRAPHS CONVENIENT TABLES FOR RECKONING INTEREST ON INSTALLMENT SALES In the following tables interest is calculated at 6 per cent, by the usual partial payment method of calculation, and is added to each monthly installment, showing the amount due each month under the various terms of sale enumerated. The average payment, that is to say, the monthly installment plus the total interest divided equally, is also shown. In some states where conditional sales are not valid against third parties unless recorded, it is customary to use so-called lease forms. In an instrument which purports to be a lease and wherein the payments are in the form of rentals, it is scarcely consistent to make any reference to interest, and where it is desired to charge interest, the most obvious method is to make the rental charge equal to the rental installment plus the average interest. $200 Instrument $60 Instrument 320 down 340 down 340 down 36 down 312 down 312 down Installments and 320 and 320 and 310 Installments and 36 and 36 and 33 per month per month per month per month per month per month 1st 320.90 320.80 310.80 1st 36.27 36.24 33.24 2d 2080 20.70 10.75 2d 6.24 6.21 3.22 3d 20.70 20.60 10.70 3d 6.21 6.18 3.21 4th 20.60 20.50 20.50 20.40 10.65 10.60 4th 6.18 6.15 6.12 3.19 5th 5th 6.15 3.18 6th 20.40 20.30 10.55 6th 6.12 6.09 3.17 7th 20.30 20.20 20.10 10.50 10.45 7th 8th 6.09 6.06 6.06 6.03 3.15 8th 20.20 3.13 9th 20.10 10.40 9th 6.03 3.12 10th 10.35 10th 3.11 11th 10.30 11th 3.09 12th 10.25 12th 3.07 13th 10.20 13th 3.06 Hth 10.15 Hth 3.05 15th 10.10 15th 3.03 16th 10.05 16th 36.15 556.14 3.02 Average payment... 320.50 5570.45 310.43 33.13 $125 Instrument $30 Instrument 312.50 down 325 down 325 down 33 down 36 down 36 down Installments and 312.50 and 312.50 and 36.25 Installments and 33 and 33 and 31.50 per month per month per month per month per month per month 1st 313.06 313.00 36.75 1st 33.14 33.12 31.62 2d 13.00 12.94 6.72 2d 3.12 3.11 1.61 3d 12.94 12.88 6.69 3d 3.11 3.09 1.61 4th 12.88 12.81 12.81 12.75 6.66 6.63 4th 3.09 3.07 3.06 1.60 5th 5th 3.07 1.59 6th 12.75 12.69 6.59 6th 3.06 3.04 1.58 7th 12.69 12.62 6.56 7th 3.04 3.03 1.58 Hth 12.62 12.56 12.56 6.53 6.50 8th 9th 3.03 3.02 3.02 1.57 9th 1.56 10th 6.47 10th 1.55 11th 6.44 6.41 11th 12th 1.54 12th 1.54 13th 6.37 13th 1.53 Hth 6.34 Hth 1.52 15th 6.31 Hth 1.51 16th 6.28 36.52 16th 33.08 33.07 1.51 Average payment . 312.81 312.78 31.57 THE EDISON DIAMOND DISC VICTORIOUS STEVENSON BROTHERS of Coshocton, Ohio, write: "We were in competition with six other machines of standard make in endeavoring to sell the Local Masonic Lodge, and were a wee bit in doubt as to whether we would make the sale or not. We decided, however, to leave it fairly to the lodge to judge and decide. At length their representative walked into our store and placed the order for a 3150 Edison, which we promptly delivered. This is some sale and it goes to show that the Edison certainly has the right kind of quality in it or we couldn't say that of all the competitions that we have been in that "The Edison Disc Has Never Been Knocked Out.''' EDISON BUSINESS SPLENDID f'/^\UR wholesale business for the month of April \^r was 25 percent.' better^ than'any month^f since the Phonograph Corporation of Manhattan was established," said L. S. McCormick, manager[of the company, when seen at the Edison Shop, 473 Fifth Avenue, New York. "We have closed accounts with a large number of dealers in our zone, many of whom have affirmed their intention of featuring the Edison Diamond Disc Phonograph and records extensively in their daily local newspapers. The dealers in our territory have expressed keen gratification with the decision, to insert an interest clause in the contracts in the future."