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Have delayed answering your telegram of
11th because no progress made with Speyer & Co
can now contract in substance as shown
by my letter to Col. C. F. Crocker of Jany. 5th.
think P.I.Co. should take Mex. International RR
Bonds of Associates and give in exchange
Austin & Northwestern RR - Galveston, Harrisburg &
San Antonio Ry. and Santa Fe Route Bonds
am writing you and Col. C.F. Crocker.

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shashathree

this letter has numbers 1-19 written above certain words or letters