Photo caption lists Morrison Rutherford DS35, Randolph Newman DS35, Robert Morris DS36, Y.T. (probably Yours Truly), Mersman[?] unknown, Richard Hewitt DS35, Kelly unknown, dog Annie. From the skyline, this looks like someplace up Birch Creek, Cedar…
a - Letter from Vincent Cochrane, president of Telluride Association, b - annotations by Denis Clark, c - the original letter as photographed, d - an obituary for Cochrane