Presented is a rare peek into Howard Hughes and his business acumen. The memo is to his attorney, Dick Gray, and references acquisition of Silver Slipper casino in Las Vegas. The Silver Slipper is only the only property other than Desert Inn that Hughes personally purchased.
To “Dick” and in full:
“I leave it to you-whichever would be easiest, to form a corp. in a hurry and do the deal in one step, or to it in two steps as we planned. There is one advantage to the latter alternative, this entire transaction is getting a lot of publicity now. I expect every slightest detail of this purchase to be publicized till hell won’t have it. The mention of a dummy corporation-altho(sic) routine to you and me-is just another city-slicker trick-gimmick to the local residents. It is found to arouse curiosity and create suspicion. Later, we could transfer these assets to a corporation, and most likely nobody would ever know about it. I think there is a lot of merit to keeping this transaction which is so much in the publicity spotlight, as simple as humanly possible. As, to summarize, if I can borrow the money personally, then I am in favor of my taking these assets personally-as I did in the case of the D.I. Many thanks, Howard.”
The yellow lined paper is from a legal pad and measures in at 8.5″ x 13″. On the paper there’s no place, no date and it’s lightly creased with a fold (not at signature). It includes a full letter of authentication from JSA which also specifies that all the handwriting was penned in the hand of Hughes.
Authentication: JSA Full Letter.