T2020.102.551

COAST OIL CO. W.E. MARRION, President and Manager COQUILLE, OREGON

September 17, 1937

Edith & Alice Grandy, Monrovia, Calif.

Dear Madam:

Recently you received a notice from the Coast Land Company, notifying you that the balance was due on the leases on which you had taken options.

The notice from the Coast Land Company further stated that in a day or two, you would receive a letter from the Coast Oil Company, giving the reason for the notice mailed to you, also giving you a complete outline of the plans for future operations.

Amongst other things, it is our plan to increase the value of your holdings in such a way and to such an extent that all those who exercise their options and obtain their leases from the Coast Land Company, within the time speci- fied in their notice to you, will be placed in a position to begin to realize on their investments almost immediately.

We have this letter, containing our plans, completed and ready to mail, but before doing so, we are submitting it to our attorneys, as we want to make sure that everything contained therein will comply with all California laws.

Just as soon as we receive the opinion of our attorneys , we will mail you a copy of the letter, which should not be later than next Tuesday.

We feel sure that this delay is to your advantage and for your protection as well as ours.

Yours very truly,

COAST OIL COMPANY,

by W.E. Merrion

President and Manager.