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John

Palmer Co, and H.C. Nutt Co Coun—cil Bluffs have failed. It is well in three times to hope for something better but I am getting heart—sick. I can buy no gold or Exchange and am afraid the City serip will be discredited. It looks very much like it now and if it is discredited it will be a bad speculation, for I hardly think the City will be able at the end of the year to pay it. What in the devils [sic] name can I do. I will if it comes to the worst loan it on good security land, & wait for better times, when I can get good money. I wish you were here to look after your interests, for I begin to think you will see little or no money for some months. The amount of serip issued is $30,000 and altho the Bankers were paid to look after it, and redeem in current money, still the scamps after receiving pay, refuse to redeem simply because they cant [sic]. I know if you had our money you could

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do well with it and I wish I could close it up. But I will say, that if you get it soon, you may say I am a very lucky man but if you do not get it, you must rest easy with four per cent a month on such securities as can be had. And if it is loaned I will guarantee the securities to be good. If the trip goes down, Omaha will re—ceive a terrible blow and it wil make terrible times. I have nothing but serip and can get nothing. $1000# in gold was sold in town yesterday at 25 pr.et. premium. I did not know it was here or for sale or I'd had paid that just to have seen so much Gold.

I shall try and come home as soon as matters can be straightened out. Remember me to all and write how things go. Our faces are all turned Eastward