|
{The pages before those transcribed are not in
the National Archives. The letter was probably written in early March
1862 to Confederate Senator W. S. Oldham to support a bill he
introduced on March 14, 1862 in support of the Eastern Texas RR.}
|
| ????? |
| ????? these U S bonds from our Company in
payment of this debt. Or release the same to our Company, that they
may be employed as heretofore suggested. As these Bonds were liable
for the payment of the Iron, and may be regarded as a security for the
payment of the debt. We are willing if it is necessary to substitute
Land and Some Script of sufficient quantity and value to ensure the
payment of the debt to the C. S. |
| Our Company is now entitled to 650
sections of Land Scrip for 640 acres each Making 416,000 acres |
| one forth of which is pledged to secure
the payment of debts for Labor |
| 1/4 appropriated for sale to pay debts due
by the Company |
| and all except the latter has been
contracted to be located & surveyed |
| 80 Sections on line of road in Auyelina
Cty |
| 100
"
" "
" " "
Tyler & Hardin Cty |
| 300
" " North West
Texas, Near Red River for which we give one fourth of the land taking
out above appropriations and the 1/4 for surveying, will leave the
Company say 200 Sections of land which are now in process of location,
that can be used in securing the Payment of the debts to the CS,
provided we are Condemned to pay the same |
| {appears to be a page missing
here} |
| ????? then lands are to be located, by Geo F. Mond.
& when located will be worth at a low estimate say 200 Sections
128,000 acres @ 2$ $256.00 |
| and will be ample security for |
| 2500 tons Iron Rails @ 60$ |
$150,000.00 |
| 100 " at
Galveston @ 50$ |
$ 50,000.00 |
| & amts owe for Rolling Stock |
$ 56,000.00 |
|
$256,000.00 |
|
| It is not necessary to urge upon you the
importance of this Road to Eastern Texas and the urgent necessity for
placing the affairs of the Company in a healthy & prosperous
condition, that we may be prepared when hostilities cease, to push
this enterprise through with vigor and despatch |
| I have drawn a Bill which embraces my
ideas of what is desired from Congress. Wishing you every success in
your present career with the hope that I may sometimes hear from you I
Remain |
| Yr Friend & Servt |
| James R Arnold |
| Prest ET RR Co |