UA, NE&SWA 6/29/1863

29 June 1863
The Prest. & Directors of the Mobile & Ohio R. R. Co.
Mobile, Ala.
   At their last meeting the Prest. & Directors of this Road {Northeast & Southwest Alabama RR} authorised me to negotiate $150,000.00 of their first Mortgage Bonds, Secured by lien on the road, its lands & other assetts. They also authorised a lease of that portion of the road now in operation between Meridian & York Stations.
   I would like to raise above sum from your company either by sale or hypothecation of Bonds & also to lease to the Company the above named portion of our road. By this arrangement, you would at all times have the funds in your own hands to pay the coupons on Bonds held by you. Should such an arrangement as suggested either as to Bonds or lease or both be favored by your Board I would respectfully ask that you authorise your President, Executive Committee or some other party to act in the matter, with whom I will meet at an early day in Mobile or some convenient point on the road to confer as to terms &c.
   I have the honour to be Very Respectfully
Yr obt Svt
R Jemison Prest