Fairmont Hotel Mason at California and Sacramento Streets San Francisco Under the Management of the Palace Hotel Company San Francisco, Feb. 15, 1908 R.E. Jack, Esq., San Luis Obispo, Cal. Dear Sir - I think I can place the Cholame Ranch for One Million Dollars, if you will assume an indebtedness of $2,600,000. - on a gilt edge Market Street property that pays 5 1/2% on $5,000,000.00. If you think well of the matter let me hear from you soon, and I will try and put the deal through. Yours very truly, (??) Dunphy