Letter from Ray I. Mehan to Jesse H. Oppenheimer discussing in detail about the comments provided for several deeds covering the various properties of Texas Cotton Industries, Barstow Farm Company, and Grandfalls Farms.

Letter from Dan Oppenheimer to Harris Leon Kempner discussing about the memorandum that was sent which contains the recent telephonic conversation between Mr. Mehan and J. C. Wilson. Dan discusses about the carry-back tax loss that Mr. Mehan needs to take care at Pecos, and his suggestion in appointing caretakers for the Rancho Rio and Grandfalls farms, and also, on expenses incurred with land ownership and maintenance and the future prospects from it. Finally, concludes with his high opinion on Jesse and his travel plans to Tucson.

Letter from Dan Oppenheimer to I. H. Kempner discussing about not working with El Paso agents and searching for purchasers with the help of Mr. McPherson, and requesting to send a list of lands taken over by H. Kempner.