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The estimate for July will yet be paid for it is impressive to raise the the money I could see it raising $7000 pt 100 Bonds of 1000 Each it is utterly impossible and unlike? the Grading can be raised along the line of the Road it must be stopped. Say to all contractors that they must not expect money in August, the times are too hard. I do not wish you ever to commit us to any course in upon? to pay -mounts only pay when asked that we should do the best we can a man as to contractors. The truth is unless we can save some securities we must stop the ? ?, for this borrowing may well save us & I shall rest with any man. Respectfully, W French French, Tyner & Co.