From Nov. 1885 to May 1886, the figure was 78 percent of the freight

Adams to Geo. Edmunds, March 17, 1885, Adams to Colgate Hoyt, March 18, 1885, UP, PO, OC, vol. 28, ser. 2, r. 24

Poor, Manual, 1885, 866; Poor, Manual, 1886, xxiii.

Callaway to Adams, May 15, 1886, UP, RG 3761, box 34, f. 1.

The reaction of the English will be discussed in a later chapter. It can be traced in the Associates correspondence:

CPH to Stanford, July 31, 1887, CPH to Gates,July 30, 1887, Speyer Ellissen to CPH, Oct. 1, 1887, Crocker to CPH, Nov. 22, 23, Dec. 2, 8, 14, 21, 23, 1887, Jan. 6, 1888, all in CPH Papers, ser. 1, r. 46

For guarantee, C. F. Crocker to CPH, Oct. 23, 1893, CPH Papers, ser. 1, r. 52.