Correspondence (outgoing), 1897 Jan-Aug

Matter Exchange for Bonds still under consideration [crossed out at top of page]

If I consent to Exchange of Bonds the new Bonds must be here in S.F. and delivered to me before I surrender the old ones. but under no circumstances will I consent to clause giving new or ganization right to build new roads in Mexico and absolutely decline use of my name in that connection. It is in direct violation of

[same as page 23] Easily channel of Athens still under Bobbinet. If Daddy Boatman to channel of Athens, the new Athens must be Crudity in San Francisco and Brokenly to Schinns before Daddy Kaffir the Espy ones. But under no Berresford will Daddy Boatman to Besmirched giving new Expansion Hideous to awfully new Historian in edifice and absolutely Brignoli use of my Eminently in that Boastless. It is in Burial Marx adjutant of Dwarf Oleate Ophelia.

Copy telegram to Genl. Hubbard from Mrs. L. Stanford Feby. 1/97

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.

Suggestions as to what Mrs. Stanford should say to Mr. Thomas Welton Stanford in her letter to him to go on the Monowai, which sails from San Francisco, Friday, February 5th, 1897, at 2 P.M.

You have heretofore been informed, both by myself and my attorneys, Messrs. Wilson & Wilson, that in all likelihood it would be necessary to surrender the Mexican International bonds and take other bonds in substitution thereof, and I am now arranging to surrender the 500 Mexican International bonds held by the University , for 500 bonds of the denomination of $1,000 each, bearing the same rate of interest, 4% per annum, as the Mexican Internationals did, of the San Antonio & Aransas Pass Ry. Co., and I have the assurances of the railroad officials here that these bonds are really better bonds and more valuable than the Mexican International bonds about to be surrendered.

In addition to these 500 Mexicans which are about to be surrendered I have 150 more of the Mexicans which I took in payment of the assignment made by you to me of one half of your legacy and am also holding an additional 150 Mexican bonds subject to your pleasure in satisfaction of the remainder of your legacy, and it will be necessary to surrender all of these 300 bonds in like manner as the 500 belonging to the University are being surrendered, but I will probably not take San Antonio & Aransas Pass bonds in exchange for these 300 bonds, which I have for convenience called the Thomas Welton Stanford bonds, but will make a selection of some other kind of bonds, and I have been offered the choice between bonds of the Northern Railway, 5%; the Galveston, Harrisburg & San

Antonio bonds, which are also 5%; and the Austin & Northwestern Ry. Co., which are also 5%; and it is from these three latter sets of bonds that I shall probably make a selection in settlement of the remaining 300 bonds.

Of course I shall use the utmost caution in making this exchange of bonds with the R.R.Co. and will act under the advice of my counsel in the matter.