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Office Central Pacific Railroad,
Corner Front and California Streets.

San Francisco, May 18th, 1867

Mark Hopkins Esq

Your letter of yesterday rec'd. Appre-
ciating the fact that it must necessarily be some
time before we can draw more Govt aid I have
been looking around here for money and find
the market rather favorable, still I have got
nothing certain unless it is $90000 which
I had partly got the promise of before
my last visit to Sacramento, this sum I
shall probably get inside of ten days.

I called to day and had some talk with Mills
about making coupons payable in London. He
thinks if we intend to negotiate our bonds
there it is advisable. Would it not be well
to provide for payment in London at an agency
on all coupons where notice was given
at the agency 30 days before coming due

Such a clause would have a tendency to prevent coupons
going from NY to London for payment