After listening to all Mr. Russell had to say upon the subject, we concluded to sustain him in the undertaking, and immediately went to work to organize what has since been known as "The Pony Express." As above stated, we were already running a daily stage between the Missouri River and Salt Lake City, and along this line stations were located every ten or twelve miles, which we utilized for the Pony Express, but were obliged to build stations between Salt Lake City and Sacramento, Cal. Within sixty days or thereabouts from the time we agreed to undertake the enterprise, we were ready to start ponies, one from St. Joseph, Mo., and the other from Sacramento, Cal., on the same day. At that time there was telegraphic communication between the East and St. Joseph, Mo., and between San Francisco and Sacramento, Cal. The quickest time that had ever been made with any message between San Francisco and New York, over the Butterfield line, which was the southern route, was twenty-one days. Our Pony Express shortened the time to ten days, which was our schedule time, without a single failure, being a difference of eleven days. To do the work of the Pony Express required between four hundred and five hundred horses, about one hundred and ninety stations, two hundred men for station-keepers, and eighty riders; riders made an average ride of thirty-three and one-third miles. In doing this each man rode three ponies on his part of the route; some of the riders, however, rode much greater distances in times of emergency. The Pony Express carried messages written on tissue paper, weighing one-half ounce, a charge of $5 being made for each dispatch carried. As anticipated, the amount of business transacted over this line was not sufficient to pay one-tenth of the expenses, to say nothing about the amount of capital invested. In this, however, we were not disappointed, for we knew, as stated in the outset, that it could not be made a paying institution, and was undertaken solely to prove that the route over which it ran could be made a permanent thoroughfare for travel at all seasons of the year, proving, as far as the paramount object was concerned, a complete success. Two important events transpired during the term of the Pony's existence; one was the carrying of President Buchanan's last message to Congress, in December, 1860, from the Missouri River to Sacramento, a distance of two thousand miles, in eight days and some hours. The other was the carrying of President Lincoln's inaugural address of March 4, 1861, over the same route in seven days and, I think, seventeen hours, being the quickest time, taking the distance into consideration, on record in this or any other country, as far as I know.