Handwritten on the back, "Mayor John L. Davie cutting ribbon at entrance to store, August 5, 1929. Left to Right- Mark Gerstle, E.C. Lipman, Supervisor Tom Hamilton, Mr. Dillon, Mayor Davie, Mr. Bruzie. " Mark Gerstle is, I believe M.L. Gerstle. The history file shows that W.L. Gerstle resigned as director of Capwell's in 1927, when Capwell's was bought by Emporium. M.L. Gerstle appears as the Vice-Chairman of the Emporium Capwell Corporation in 1929. In 1931 he is Vice-Chairman and Vice-President. He retained this position until at least 1941. E.C. Lipman is made vice president of H.C. Capwell Co. in 1929. He also becomes the manager of H.C. Capwell Co. in 1930. In 1936 he is made the managing director of H.C. Capwell Co. In 1937 he gives up this position to succeed R.P. Connally as the managing director of the Emporium. Hamilton, Dillon and Bruzie are unknown.