A memorandum discussing the properties owned and managed by Texas Cotton Industries. Also shown are the accounting records according to H. Kempner's books.

Letter from John J. Herrera, LULAC National Prseident to all LULAC Councils, dated January 27,1953. Per complaints received at the LULAC Supreme Council Meeting about not receiving the LULAC News, Herrera asks for updated master mailing lists. Herrera discusses re-installation of members in San Angelo LULAC Men's Council Number 129; encourages council members to pay dues so they are eligible to attend the upcoming conventions; and mentions the court case of George Sanchez of Palacios, Texas and an upcoming meeting with the Commissioner of Education regarding the Pecos Segregated Mexican School case.

Letter from R. Lee Kempner to Dan Oppenheimer discussing about Dan's letter and I. H. Kempner's reply to it and tried to add more context and information regarding the non-voting stocks, gifts and their respective taxes and returns. He also mentions about the stock certificates and other details regarding Hattie Kempner's H. Kempner shares.