I enclose you Col. Johnsons letter. The amount wanted for Kendall & Moore will be $3000. In addition to the certificates proposed the lender should require that he be permitted to designate an attorney of Respectability in Kentucky to be paid for this trouble by the <bondman> whose duty it shall be to examine into the sufficiency of the securities and certify them upon his professional responsibility & that security should be both real & personal. The real to the amount of double ^treble^ the amount of the loan free from incumbrances & independent of improvements; unless the improvements are insured & the personal to be sent as the President of the Bank shall certify would entitle the Security to a discount on his own credit. I make it this particular & full because I am convinced they can conveniently give any security that shall be required & because I want to guard agt. all possible loss. Write me immediately with definitively if you can or if not that you will correspond with Col. Johnson on the subject after he gets home, which will do.