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d .harris L. Kempner
1713 -22 Street
I nave e:r letter uoi Jui , re ufn3 audLit report,
or which I thank you.
During, 143, ae made advances to the Texas Cotton
Industries, carrying over for that year, !45,000.00.
During the year 1944, we made advances, carrying over
:100,000.00. Since June 30, we have made additional
advances to the T C I of '35,000.00. For your infor-
mation, I am encl-sing herewith, a copy of their
balance sheet at June 30, 1945.
In addition to the advances made bh us this year, and
those carried over from previous years, the T C I has
borrowed elsewhere as follows:
Piarfa State Bank 20,0;0.00
Marfa National Bank 12,000.00
Security State Bank 25,000.00
Grace & M. B. Fairfield 15,000.00
It is reported that the conditions in that territory
are very good, but naturally there are so many things
that can happen to the crop before it is gathered. I
am going to keep my fingers crossed. You know how I
have always felt about the T C I, and I think your
feelings have been along the same line.
The appreciation youmentioned on the M & P Press books,
this entry was made on December 30, 1930, just after we
,lad an appraisal made of the press property, and naturally
the amount of the appreciation is decreased annually by
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f