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TER-OFFICE LETTER FOR MR. I. H. Kempner DATE October 9, 1953 SUBJECT ESTIMATED DAILY CASH BALANCES. 2-49 2M 47815 WRITE ON BUT ONE SUBJECT TO BE USED BY ALL OFFICERS ORDEPARTMENT ON THIS SHEET HEADS FOR INTER-OFFICE CORRESPONDENCE There is no change-from last week's estimated position except that our final payment of note borrow- ings will have to be moved forward one week to October 26th instead of October 19th, by reason of early pres- entation of proforma drafts on the SHIRLEY LYKES. Our estimates would have placed payment on the 26th (arrival of the 16th) but Mr. R. Lee 'phoned and notified me that' the due date had been moved to. the 19th. Assuming movement of Louisiana Raws will coincide with our schedule, we will be rather low in funds near the end of October. In any event, we should be able to squeeze through the end of month period and borrow from The Industries', if their position permits, immediately after the first of November. It appears that we would be able to repay within the month of November. We have mailed $100,000 payments to each outside bank today and these repayments will show on Monday's statements. That will leave a $100,000 balance due each of our four banks, payment of which is now tentatively scheduled to be October 26th. Respectfully yours, f--GEO. ANDRE GA:ms Enc. ccs-Mr. I. H. Kempner, Jr. Mr. R. Lee Kempner Mr. W. H. Louviere
Letter from I. H. Kempner to George Andre discussing an estimated cash balance sheet and instructions for acquiring funds from Mr. James by giving notice two or three days in advance.
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