upr000004 156

Mr. H. X. Bettis, Auditor, Bos Angeles, Cal. Dear Sir; I have your® of the 18th instant, which refers to the payment due on account of Los Vegas ranch. I note that you have voucher (prepared by Mr.Gibbon) in favor of McCornick & Company for. $5,000.00, for the last payment due on this ranch, and the payment is made for the purpose of taking up the note held by McCornick & Company as escrow holder. I enclose herewith the contract of sale for this ranch by Helen J.Stewart to W.A.Clark, together with a letter from W.A.Clark to W. S. McCornick, dated February 3rd, 1903, and copy of a letter from W,A,Clark to Helen J.Stewart, dated February 27th, 1903, also carbon copy of a felegrap dated February 20th, 1903, from f.E.Gibbon to Fennel Cherrington, Salt Lake City, and carbon copy of a telegram from W.A.Clark to W.A.McCornick, Salt Lake City, dated February 20th, 1903. From these you will notice that the payment of $5,000.00 was to be made by McCornick when the title to this ranch was perfected to the satisfaction of our attorney. Mr.Gibbon having drawn up this voucher and approved same, it must necessarily be in order to pay this amount. When the ranch was taken over from Senator Clark by the Railroad Company you will notice, "by referring to the original statement of property taken over, that the Railroad Company only paid Senator Clark what he actually expended on this ranch, so that this $5,000.00 is still payable by the Railroad Com-, pany, Senator Clark only being reimbursed for what he actually paid out. You may keep this contract of sale in your files for future en<?frenCe* Very truly yours, (Signed) J? ROSS CLARK,.