Interview with Ruth Simons (Kerr) Ray, the great-great granddaughter of James Kerr, from Canyon Lake, Texas. Mrs. Ray discusses her ancestor's life and his history in the Hill Country, as well as the Historical Marker Dedication Ceremony at the Kerr County Courthouse.

Letter from F. G. Robinson to F. H. Hemphill, L. A. Brockwell, J. S. Smith, C. S. Edmonds, E. A. Tharp, and H. J. Carr discussing tariffs on cotton shipments.

Letter from D. W. Kempner to Mary Jean discussing dividend checks, travel conditions, and Danny's health.

Letter from I. H. Kempner to Mr. Joseph V. Maxwell discussing questions he has concerning the delivery of new train passes.

Letter from E. S. Marsh to I. H. Kempner discussing the financial challenges and operational changes faced by the railway system, including the need for modernization, streamlining, and efficiencies in response to decreased freight and passenger business. He outlines the financial difficulties of the Gulf Lines, emphasizing the importance of adapting to current economic realities without sacrificing service quality. He expresses respect for Kempner's judgment and insight and shares a draft statement of a proposed plan, seeking Kempner’s understanding and support.