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wait until we reach the summit before we haul Iron over [to the Truckee?]. I thought the matter was settled that the iron was to be hauled from Cisco. [Unless?] Huntington is successful in his negotiations, it is imperative that we must do that which will [illegible] us money.

Yours truly

Leland Stanford

[bottom left margin] [From?] Leland Stanford

Feb. 5. 1867.

[Locate?] [illegible] to Goat Island immediately. Impracticable to go by Benicia. Haul Iron over the summit this winter to lay 30 miles on Truckee by July. [/bottom left margin]

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