NA, ENG 6/11A/1863

Engineer Bureau
Richmond, June 11th, 1863
   
   Endorsement on letter from Col. Garnett & Capt. Walker -- commissioners, proposing to replace rail road iron taken by the Govt. with interest.
   "Resp. returned to the Hon. Sec. of War with the recommendation that the commissioners be authorized to contract on behalf of the Government to replace the iron taken from any company with interest in kind -- that is to say, having agreed as to the amount of new iron to be returned as an equivalent, that this amount shall be increased at the rate of seven per cent per annum, for the period between the time of replacement or that seven per cent per annum in money on the appraised value of the iron be paid by the Govt." 
J. F. Gilmer
Col. of Engrs. & Chf of Bureau

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