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upr000005-061
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    University of Nevada, Las Vegas. Libraries

    LD Mr. J. Ross Olaric SUBJECT: Las Vegas 9, 1905 Second Vice-President, San Pedro, Los Angeles and Salt Lahe R.R. Co. Dear Sir: Referring to your letter to Mr. W. H. Bancroft, February 4th, 1905, and Mr. Bancroft's letter to you January 27th,1905, with Mr. Tuttle's report: As I understand it, both yourself and Mr, Bancroft, who are familiar with the property, are of the opinion: 1. That all live stocK. should be sold off; 2. That the store should be closed, the stocK. to be disposed of; 3. That the ranch, outside the townsite reservation, should That is, everything to be got rid of except the real estate, and instead of the Company running the ranch, let some other party do it under such lease as shall secure the Company in the land and water and relieve the Company from losses, although there may be no profit. I agree with you and Mr. Bancroft that this is the proper be leased course. Yours respectfully, CC-Mr. W. H. Bancroft