Box 1

[Concerning a purchase of munitions from New York and carloads of cotton, with a reference to General Ornelas.]

[Concerning Sr. Medina, who was Presidente Municipal de Ciudad Juárez.]

[Concerning the issuance of paper money with reference to Sr. Lic. Escudero and the American Bank Note Co.]

Signed by Villa. [Answering #9, with reference to Columbia Bank Note Co. and American Bank Note Co.]

[Answering #10, with a reference to the Tesoreria General del Estado.]

[Informing Villa of a conference with Sr. Cobb, who predicts a note from President Wilson to the leaders of the different military factions of Mexico concerning the organization of a new government, with references to Sr. Fuller of New York, Obregon, Carranza, and Zapata.]

[Concerning Agencia dealings with la casa del Krupp, Peters Cartridge Co., Western Cartridge Co., Winchester, the National City Bank of New York and a bank in St. Louis, with references to Sommerfeld, Alberto Madero, Ernesto Madero and Hipolito Villa.]

[Referring to previous correspondence and to de la Garza's departure for Torreón.]

[Concerning depreciation of paper money, with references to las Cia. Industriales, Mineras, etc., and Sr. Escudero.]

[Concerning depreciation and the payment of employees.]