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nor would a loan be negociated, by the terms of the Charter without first submitting the proposition to a vote of the people and for this there was not time, though the payments as proposed could have been amply secured. Genl I understood from our conversation, that the money would not all be required to be paid down -

If not objectionable I would be glad to know the name of the successful bidder and amount and I would respectfully ask you to advise me of the action of the authorities at Washington, upon the