will give a full, and I hope, satisfactory explanation of the
whole matter to which your request relates.

1. A communication from Bradley T. Johnson, on behalf,
of the State of Virginia, with reference to her claims against
this Company as guarantor of a portion of the Bonded debt
and otherwise.

2. A petition of a large number of the Bondholders in re-
sponse to the said communication from the Counsel of Virginia.

3. The report of a special Committee of the Board upon
the general subject embraced in the communication from Gen-
eral Johnson, and the memorial of the Bondholders in reply to it.

4. An agreement bearing date December 8th, 1869, signed
by a large number of Bondholders, and by General Johnson,
on behalf of the State of Virginia, referred to in the report of
the Special Committee and accompanying their report.

5. The resolutions adopted by the Board on the 9th of
December in conformity with such agreement of Bondholders
with the Counsel of Virginia, appropriating $160,000 to the
payment of interest on the Bonded debt of the Company as
therein specified.

6. A letter from General Bradley T. Johnson to the Board,
with reference to the payment to him as one of Counsel for
Virginia under the resolution of December 9th, 1869, of $58,-
435, and enclosing a copy of a resolution of the Board of Public
Works of Virginia, upon the subject.

7. The resolution of the Board of Public Works of Vir-
ginia referred to in General Johnson's letter.

8. A letter dated January 10th, 1870, from Charles Mar-
shall and Bernard Carter, Esqs., relative to an agreement made
by them with General Johnson and John P. Poe, Esq., Counsel
of Virginia.

9. The agreement referred to in this letter.

10. An agreement between the Company and Messrs. John-
son and J. P. Poe, Counsel of Virginia, with reference to the
certificates ordered to be issued to the State of Virginia, for the
Coupons redeemed by her as guarantor, and lost or destroyed
in April, 1865, upon the evacuation of Richmond.

11. An opinion of Bernard Carter and Charles Marshall Esqs.,
Counsel of the Company, upon the questions growing out of
the resolutions of the President and Directors, passed Decem-
ber 9,1869.

The aforegoing papers will be found to contain all the infor-
mation called for by your resolution.

That they may the more readily be understood, I am in-
structed by the Board to accompany them with a word of ex-
planation.

Upon the accession of this administration of the affairs of the
Company it was the desire of the Board to resume, at the
earliest moment, the payment of the interest upon its, bonder