"_April 22d, 1881._
"DEAR GOVERNOR,--Your note of this date rec'd. I am very
much obliged to you for it.
"I think you have acted judiciously, not that I think the bonds
unsafe, but I think the chances are that they will decline in price.
"Your note will be regarded as you request and again thanking you
for it,
"I am, y'r friend,
"DAVID DOWS."