F.S. Murphy 73 So. Main St. REPRESENTING EASTERN OREGON W.P. AGENCY IN UTAH & IDAHO TIMBER LANDS BOUGHT AND SOLD
CENTRAL LUMBER CO., OF IDAHO ELY LUMBER & COAL CO., OF NEVADA WHITE PINE LUMBER CO., OF CALIF.
SALT LAKE CITY, UTAH. Nov 4, 1908 File 146
Mr. David Eccles,
Ogden, Utah Dear Sir:
Confirming our converstation of yesterday at Ogden, I understand our agreement to be as follows: I am author¬ized to go ahead and buy all the good timber or timber land I can find favorably located, at what we consider a price not in excess of from 50 to 60 per M stumpage, in Northern Plumas County and Southern Lassen County in the vicinity of Susanville, Cal., this to an amount of from 5000 to 15000 acres.
You are to furnish me, as required, the necessary money for the purchase of this timber land, and I am to do all the work in looking after the purchase of this, ascertaining as to the quality and location of the timber.
At the end of each month, or as often as convenient, I am to give to you my note for half the amount of money furnished by you in the purchase of said timber lands, said notes to draw interest at 6%, interest payable annually, and we are each to own a one-half Interest in said lands.
The titles to these lands will be passed upon by M. James Ingebretsen, and deeds of conveyance are to be made to him as trustee, he to deed these either in blank D.E. - 2
or to a grantee to be mutually agreed upon, and you are to hold these deeds, without recording, as security for my obligations to you on the above mentioned notes, until such time as we shall mutually agree upon some division or disposition of said lands.
We are each to stand one-half of my expenses or any other expenses incurred in the purchase and securing of said lands, and the examination and conveyance of titles, it being understood that no charge is to be made for my time in this matter.
Your acceptance and approval of the arrangement as above outlined, evidenced by your signature across the bottom of this letter, which is written in duplicate, will constitute sufficient contract, I trust, for both you and me. Kindly return same promptly and greatly oblige. Yours truly, FS Murphy
Accepted and approved David Eccles
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