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m C A R L R . G R A Y P R E S ID E N T UNION PACIFIC SYSTEM UNION PACIFIC RAILROAD COMPANY OREGON SHORT LINE RAILROAD COMPANY OREGON-WASHINGTON RAILROAD & NAVIGATION COMPANY LOS ANGELES & SALT LAKE RAILROAD COMPANY 1416 D O D G E S T R E E T O M A H A , N EB R A SK A February 26, 1929, Mr. 17. R. Bracken, Vice President, Las Vegas Land and Water Company, Las Vegas, Nevada. Dear Sir: Your letter 20th instant: I quite agree with you that the Las Vegas Land and Water Company should not donate its sixty acres of land abutting Clark's Las Vegas Townsite to the City, County or any hotel project; and, further, we should subdivide so much of this -oroperty for residential purposes as will not later be required for industrial use. It is well located for such and I would like to see an attractive residential subdivision la.id out upon it. This would be with restrictions as to the distance from the street line to _ace of the building and as to the cost of the residences. There is plenty of time to do this as the development at Las Vegas will take a more definite trend later on after the dam is started. In the meantime, however, would like to have your estimate on the cost and approximate return from such a project. Before this can be made the subdivision should be worked out along modern attractive lines, and I will appreciate it if Mr. Knickerbocker will arrange for a plan, which I would like to see before it is filed of record.