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May 1905. Judge W« "0. corn ish , 120 Broadway, new York* Dear S ir : I herew ith enclose c e r t if ic a t e s o f stock o f the Las Yegas Land and Water Company, as f o l lo w s: To. 1, fo r 2 shares, issued to J. Ross Clark; Ho. 3, f o r 2» 3/1fia r* £3 t? to W. H. C-mstook; Ho. 4 for two shares to T. S. Gibbon; 'To. 5 | fo r is w *. shares to H. I. B e t tis ; Ho, 6 fo r two shares, to C. 0. Whittemore, and Ho. 7, for 488 shares, to W. A.. Clark and E, H. Karriman, as tru s te e s . C e r t ific a t e Ho. 2, i s ­sued to 3Fr. W, IL B an croft, fo r Yw shares, has 'been sent to him to Be endorsed and m ailed d ir e c t to you. This rep resen ts the e n tir e c a p ita l stock o f the Corporation. The other papers necessary to se­cure the re le a s e o f the lands conveyed ‘by the R a ilro a d Company to the Land and. Water Company, from the operation o f the l i e n o f the fir st mortgage or deed o f tr u s t, have Been m ailed today to Mr. Gibbon, at San Bruneisco, at h is requ est, to be forwarded by him to you from there a ft e r approval and execution by Mr. B e t tis . I re g r e t th at these papers could not have been sent to you at an e a r lie r date, but there have been delays here which could not be avoided. You have probably heard o f the phenomenal auction sale that we had at j,as Vegas the 15th and 16th, at which our sales aggregated about .?189,000.00. evince then we have been s e llin g at p r iv a te s a le , and yesterd ay we disposed o f a l l the remaining l o t s to a lo c a l syndi­ca te , at schedule p riw es, the t o t a l aggregate o f sa les being approx-