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Mr. E. <3. Renwlefc #4 of Section 31 Is fairly good property for water . purposes bat the 8W quarter of this section, owned by F. 0. Splane, is, we believe, much better water-bearing land. I have secured from Mr. Splane a verbal 10-day option on this parcel at s60 per aore with an approximate area of 160 acres which would make the price #9*600. * *1 discussed this proposal with fir. Strong, who Joins me in recommending authority to purchase the Bplane parcel at the price quoted, and the acquisition of this acreage is In accordance with Hr. R. £}. Greene*s report. This will not only give us addition drilling land, but will also prevent sale of It to others who sight seriously draingf our present holdings « # and on October 21 wired Mr. Jeffers as follows *My letter Oct l?th and phone conversation with Mr. Higdon: Splane this morning withdrew his verbal optical of .$60 per aore for SW quarter Section 31, and my further inspection of ground this morning indicates without question we should instead acquire Southeast quarter Section 31 owned by Pile# and associates. The latter is unquestionably in pronounced, water ledge and is recommended la Geologist Greene*s report Oct. 9, 1939, Item Ro-5 and Map 6.* "Previously Pike would sot split his 320 acres on Charleston, but In conference on ground this morning he has agreed to do so and we are offered , - the Southeast quarter of Section 31 at |80 per acre, . which 1 recommend for Immediate purchase. Am asking Mr. Strong to advise you direct his concurrence.w "Suggest no further consideration b# given purchase of Splane acreage mentioned ay letter Cot. 17th.« Following receipt of authorization contained In Mr. Jeffers* J-194 ©f October 30, 1941, purchase was concluded pursuant to agreement OLD 3871 dated October 30, 1940 with Messrs. Pike, Mefcianse, and Cr&gin for sum of #6063,SO. I have been unable to locate any correspondence In Mr. Bracken’s flies concerning purchase of the Hlnman property in November 1937. W. H*. Johnson
