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there - Capt Rick a citizen proposes to put up the building as cheaply as it can be done. He having the lumber and builders at his disposal
I think such a building as would be required could be put up with much less expense than was laid out on the one erected at this place. 
The house should be of capacity to rent Fifty pupils
Very Respectfully
Your Obt. Servt
J. F. Walton
Agt. Bur. R.F. & A.L. 

Transcription Notes:
letters from a word at the top left were written on the previous transcription as "obtained". Not finished, but a reviewer deemed it Complete. And, what had been transcribed had a lot of wrong words - didn't make sense, if read. I reopened it and fixed up almost the entire thing.