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you will proceed to issue state Bonds for 15 per each on
the whole am't of stock ($250,000) taken by the state or for
so much only as will make up 15 per each added to the
am't, already advanced by the state, under the provisions
of a former am't ?
We desire your special attention to these matters,
and that your solution of these difficulties should
be forwarded us as soon as convenient particularly
in reference to the last query, as it is impor-
tant that we make some positive arrangements im-
mediately in relation to the purchase of Iron for
one third of our Road, and as State Bonds, are prp-
bably the most convenient form of {illegible}
which we could, at this time, make, to the East.
In addition to the above we would be under obligati-
ous to your Excellency to file any omissions of ours, and
make any suggestions which you might deem usefull
in the prosecution of our important Enterprise.
The pecuniary pressure of the day, for-
bids speedy collections on our calls, and embarasses us,
somewhat, in our proceedings, but our work progresses stead-
ily and more rapidly than the state of our finan-
ces would seem to justify - We have at this time engaged
many zealous and efficient Contractors, who, feeling a deep
interest in our undertakings are able and determined to
prosecute the work at any necessary sacrifice.
Accept assurances of my respect -
C Michie

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