Exhibit 16.1

[GHB LETTERHEAD]

October 17, 2008

United States Securities and Exchange Commission

Judiciary Plaza

450 Fifth Street N.W.

Washington, D.C. 20549

Dear Sir or Madam:

Re: Mesabi Trust

This letter is to confirm that Gordon Hughes & Banks, LLP, the former independent registered public accounting firm of Mesabi Trust, has read the disclosures included under Item 4.01 of Mesabi Trust’s Form 8-K report dated October 17, 2008.  We agree with the statements relating to our firm with respect to the change in Mesabi Trust’s independent registered public accounting firm.

Yours truly,
Gordon Hughes & Banks, LLP
By:	/s/ Peggy E. Jennings
	Peggy E. Jennings, CPA
	Director of Audit Services
	Gordon Hughes & Banks, LLP
	5299 DTC Boulevard, Suite 1000
	Greenwood Village, CO  80111
	Phone: (303) 770-5700
	Fax: (303) 770-7581