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Leland Stanford

[Pust.?]

Aug. 8" 1863

To the President and Directors of the Merchant Insurance Co of San Francisco

Gentl'n

The Central Pacific R R Co of California are desirous of borrowing a sum of money of not less than twenty thousand dollars for a period of not less than three monthos nor more than six at a monthly interest of one per cent and giving for the same thus note with first mortage bonds as collateral, two dollars for one loaned, and refer you for condition

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