A memorandum of agreement between Hiram Knox and Lillian M. Knox and the Temple Lumber Company outlining the sale of Knox Lumber Company to Temple Lumber Company in 1921. Included in the sale is the Lufkin, Hemphill and Gulf Railway Company. This document describes all of the Knox sawmill and railroad property, notes on timber valuation, logging privileges, and notes payable. Also shown are the stockholders of Temple Lumber Company along with the respective number of shares owned.