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Office Central Pacific Railroad,
Corner Front and California Streets.

San Francisco April 22d 1867

Dear Judge

Your despatch saying " Charles & Hopkins
opposed to any outside operation by either of us"
[etc?]. It is not a question of an outside operation
by either you or myself except as they
may force us into the position. M
have made a trade with their consent
in which they with us were to be equally
entrusted now they are unwilling to carry
out the trade. I consider all are bound
in honor to stand by that trade. But
certainly you and I cannot escape
in honor if we can legally. That Mr [Laghlin?]
has assumed obligations in consequence of
the trade more strongly urges us to go out and [perfect?]
it as far as in our power or suffer an
imputation that we cant afford
to bear however good we may know our
intentions to have been. It is not