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J-V**** 12/3/12. Mr Bancroft. Mr.J.Ross Clark. Before the money Is paid, the employee to give to the Las Vegas Land and Water Company, a deed to the real estate and the company to give to him a contract under which he agrees to pay a fixed sum per month on the principal of the loan $n addition to taxes, insurance and interest on deferred payments. The minimum amount to toe paid to apply on principal each month to toe such a sum as will retire the principal in five years, witlja provision that the employee can pay such additional sum each month to apply on the principal as he may desire, in addition to which the employee must pay the interest on the deferred payments, and if he prefers, taxes, insurance and assessments, tout if he prefers to have insurance and taxes added to the principal sum, he will toe given that option, and of course interest would apply on such additions to the principal the same as on the original loan. The employee to agree to keep the house in repair at his expense and the contract to contain a clause prohibiting him from selling or assigning the contract without the written consent of the Company. There are several employees now in Las Vegas who are in a position to take advantage of this arrangement if it meets with your approval, and if approved I will arrange to have the necessary form of contract prepared. We think that such an arrangement will not only be highly appreciated toy many of our officers and employees at Las Vegas, but will have a tendency to attract to our service there a more de­sirable class of men in many instances than we now have, and that it will also toe of considerable advantage to the Railroad Company and to