[Letter from R. I. Mehan to J. C. Wilson, July 2, 1941] Page: 1 of 2

                                
~r. J. C, ilson
/ o To as Cotton Industries
P. 0 "o 108
Pecos, Texas
iear sir:
Purin  the nouth of uly -- to be <'od at ertin not
later thn July 31, 194i -- it Ui    y be necessary for you to
file  capital stock: tax returns, Porns 707, for each o the co-
pora tions u ider your control,
As you 1dow this year you will be oas a'ttou
tablish a new declared value for the capital sto&k of ea~ch of
those corporations.  ltc  cIarod 1al       mo   t ormr  ac
the so-  lied declared vaue excess profitsa     of C   nd 12.
apnies to an    ot income ay of taOj0 corpo Q iOns m naa    0
exces oil0   of tie dciardu vlue es'-1lisod spor .0o
tal stock tax re irns, In other words, if you had declared a
value for capital stock ta  purposes of   00 0u,00.J  or a p rt.-
cular  0 oration, that corporatlon   11 ~e ent  u to ~a
10,0 0.00 oeforo the application to tEat corporal on o tLe
so- ailed de lared vlue excess prW ito tar ould ce lnps d on
that corporation.
Last year your declared value fLi ros for, the sovoral
corporations were:
Crandfails arms, Inc.                .1 ,0,
hrsto: fern Co:xpny                   1G,0Ci.D
~e as Cot    ndu tric                 3 7,63,7
Balmnorhea Livestock ~onpany           &,Of0
Please consider thsec  i res an    (v :  tl Io aou
wish to declare  s tie vlues of tie capital 1  tooon o to
soctive con ani s for do eoar 1s '
Youro very tru,