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[printed letterhead:
California Street Cable Rail Road Co.
SECRETARY'S OFFICE,
No. 1435 California Street, corner Larkin.
San Francisco,] July 11, 1889

L. B. Benchley Esq.
Genl. Manager Pacific Rolling Mill Co.

Dear Sir

Referring to my letter
of July 3d in acknowledgment of your favor
of the 2d addressed to our Board of Directors,
I write to say that your letter was submitted
for consideration at the meeting of the Board
yesterday, July 10th, but in consequence of the
absence of the President it was voted to defer
the matter until his return.

Yours respectfully,

Albert Stetson,
Secretary.