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                                                                                                                  Kendall to French

French La Porte Sept. 25th 1854 Mr. French Dear Sir: In accordance with your request I have made out a condency statement of the Amount it will require in cash with the present contract prices to prepare for Iron that part of the C.P.& C.R.R. Extending from Plymouth to La Porte a distance of 30. miles, also the time which said way will be ready for the Iron. To finish the Clearing Grubbing Grading Bridging & C on the above mentioned 30 miles will require $30,000. Cash

                                                                                                                            Ties                                                        17,000.
                                                                                                                            Incidentals                                                5,000
                                                                                                                                            Total                                      $52,000. cash

The road bed can be made ready for the Iron in three months time. I have also made an Estimate for the total cost of the whole road Extending from Marion to La Porte a distance of 97 1/2 Miles. which you will find below, Total cost Clearing, Grubbing, Grading, Bridging, & Co. 800,000 Iron & Truck Laying 800,000 Rolling Stock 175,000 Contingencies 125,000

                     Total Cost of Roads & c.                                                  $1900,000

The contract price for 100 mile of the road amounted to 3,200,000

The present Contractors are to receive in Stock & Bonds at face value   19,00,000
                                                                                                                 300,000
                                                                                                                1,600,000

$3200,000 - $300,000 = 2,900,000 the Amt of R.R. Securities required? which to raise $16,00,000.

    2,900,000.                                                                                                           
                .75

$2,175,000. Cash value of R.R. Securities & 2,175,000- $1,600,000. = $575,000 Nett profit at Cash value with our rise of Road at all