Transcription:
districts with reservoired waters, upon such advantageous terms to them as we will be able to formulate when we are, by your
approval of our maps, put in a position so to do. Insofar as the claims and rights of the Sierra Ditch and Water Company are
concerned, you will find, when you take this matter up for consideration, that they are as perfect as the laws of California
and of the Congress, and a full and faithful compliance therewith, can make them and our offer to supply irrigation districts
with reservoired waters is merely a step in the carrying out of a business policy which we hare entertained from the inception
of our enterprise Very respectfully yours, illegible 01435