The Edison phonograph monthly (Dec 1914-Dec 1915)

EDISON PHONOGRAPH MONTHLY, JUNE, 1915 13 DISC 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. $250 Instrument $150 Instrument $25 down $50 down $50 down $15 down $30 down $30 down Installments and $25 and $25 and $12.50 Installments and $15 and $15 and $7.50 per month per month per month per month per month per month 1st $26.13 $26.00 $13.50 1st $15.68 $15.60 $8.10 2d 26.00 25.87 13.44 2d 15.60 15.52 8.06 3d.. 25.87 25.75 13.37 3d 15.52 15.45 8.03 4th 25.75 25.63 25.50 25.63 25.50 25.37 13.31 13.25 13.19 4th 15.45 15.38 15.30 15.22 7.99 5th 5th 15.38 7.95 6th 6th 15.30 7.91 7th 25.37 25.25 13.13 7th 15.22 15.15 7.88 8th 25.25 25.13 13.06 8th 15.15 15.08 7.84 9th 25.13 13.00 9th 15.08 7.80 10th 12.94 10th 7.76 11th 12.87 11th 7.72 12th 12.81 12th 7.69 13th 12.75 13th 7.65 14th 12.69 14th 7.61 15th 12.63 15th 7.57 16th 12.56 16th 7.54 Average payment.. $25.63 $25.56 $13.03 $15.38 315.34 $7.82 $200 Instrument S80 Instrument $20 down $40 down $40 down $8 down $16 down $16 down Installments and $20 and $20 and $10 Installments and $8 and $8 and $4 per month per month per month per month per month per month 1st $20.90 $20.80 20.70 $10.80 10.75 1st 2d $8.36 8.32 $8.32 8.28 $4.32 2d 20.80 4.30 3d 20.70 20.60 10.70 3d 8.28 8.24 4.28 4th 20.60 20.50 10.65 4th *.24 8.20 4.26 5th 20.50 20.40 10.60 5th 8.20 8.16 4.24 6th 20.40 20.30 10.55 6th 8.16 8.12 4.22 7th 20.30 20.20 10.50 7th 8.12 8.08 4.20 8th 20.20 20.10 10.45 8th 8.08 8.04 4.18 9th 20.10 10.40 9th 8.04 4.16 10th 10.35 10th 4.14 11th 10.30 10.25 11th 4.12 12th 12th 4.10 13th 10.20 13th 4.08 14th 10.15 10.10 14th 4.06 15th 15th 4.04 16th 10.05 16th Average payment ... $8.20 $8.18 4.02 Average payment $20.50 $20.45 $10.43 $4.17 EDISON GRIT Copyrighted by Walt Mason FROM Walt Mason of Emporia, Kansas, well Known to newspaper readers, comes the following: "When Edison awoke one night, Misfortune loomed up in his sight, and dealt a heavy stroke; his mighty shops were all ablaze, the product of his toilsome days was going up in smoke. He lost a thousand cherished things, he lost a fortune fit for kings, while fire fiends painted red, against the gods he might have railed, he might have wrung his hands and wailed, but not a tear he shed. He gazed upon the sea of flame, and said, 'This interrupts the game, but 'twill not do so long; tomorrow we'll be all on deck, and clear away the smoking wreck, a thousand workmen strong! We'll build up better than before, and if the fire fiend comes once more, we'll soak him in the eye.' And then this great, heroic man retired to figure on a plan, nor heaved a single sigh. And we, who run around and curse, whene'er we meet some slight reverse, should bear in mind this tale; we ought to meet with dauntless front misfortune's worst and fiercest stunt, and not put up a wail." Now is the time to look up those of your customers who will soon go into summer quarters. Sell them a good stock of records and arrange to send them some of those forthcoming.