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matter exchange of Bonds still under
consideration. If I consent to Exchange of
Bonds the new Bonds must be here
in San Francisco and delivered to me
before I surrender the old ones. But under
no circumstances will I consult to clause
giving new Organization right to build
new roads in Mexico and absolutely
decline use of my name in that
connection. It is in direct violation
of agreement of March 27th 1894.

Copy of telegram from
Mrs. Leland Stanford to
Gen'l Hubbard

Feb 1. 97.