"We have taken two million subscriptions to-day thus far, and more to follow.
"E. D. Randolph,
"President Continental National Bank, New York."
"New York, April 4, 1879.
"Hon. John Sherman.
"Your two telegrams received. I hereby confirm my telegram of to- day, subscribing, in name of National Bank of Commerce in New York, for forty million dollars four per cent. bonds.
"Henry F. Vail, President."
"Henry F. Vail, President National Bank of Commerce, New York.
"Your subscription for forty million four per cent. bonds, having been repeated by telegram, is accepted. A call will issue to-day for the balance of the sixty-sevens and to-morrow a call will issue for the whole of the sixty-eights.
"John Sherman, Secretary."
"E. D. Randolph, President, etc., New York.
"Your two million subscription received and accepted, but can accept no more. All 5-20's are covered.