Letter from I. H. Kempner to David F. Weston and Dan Oppenheimer discussing about the Pan American Exploration Company and the geophysical pictures that it took for the submerged tidelands in the Gulf of Mexico off of the U. S. coast. And he talks about the possibility of buying one of these unsold pictures with all the eight families interests through H. Kempner and the costs that each would incur. Finally, does talk about his upcoming trip and tells the families that any inquiries or decisions regarding this will be handled by R. Lee Kempner or D. W. Kempner or deferred until the middle of September.

Letter from I. H. Kempner to D. W. Kempner and Robert Lee Kempner recommending selling 2750 "A" and "B" units of Tidelands Royalty Agency to eight leading interests in the firm for $750.00 each. I.H. Kempner believes this is a better option than holding onto the units indefinitely with the expectation that they will not realize a profit. This recommendation is based on a newspaper clipping attached to the letter.