L'ANGUILLE RIVER RAILWAY. The L'Anguille River Railway consists of 1.7 miles of track, laid in what is described on the brief as a general circular direction from the right of way of the Iron Mountain in the town of Marianna, Ark., to the bank of the L'Anguille River, where the mills of the Indiana-Arkansas Lumber & Manufacturing Company and the Miller Lumber Company are in operation. The stockholders of those companies own all of the stock, amounting to $10,000, in the tap line. It is stated of record that one " station " on the road is the loading point of the Indiana-Arkansas Company, one is the loading point of the Miller Lumber Company, and the other " station " is the loading point of the McDonald Company. The tap line has two locomotives, and it uses cars furnished by the Iron Mountain. No passengers are -carried, but it has some miscellaneous freight that is brought in by a packet line and which it switches over to the Iron Mountain. There is also a small brick plant that furnishes some traffic. Altogether for the year 1910 it moved 223 carloads, or 5,671 tons, of miscellaneous freight, on which it received earnings of $2,458.14, made up for the most part of local charges paid by the shippers. For the same period the traffic of the Indiana-Arkansas Company aggregated 631 cars, on which its revenues were $5,893.74, while the tonnage of the Miller Lumber Company amounted to 552 cars, on which the revenue was $5,706.04.

The logs that are cut by the mills are floated down the river or brought in by barges and steamers. For the movement of the lumber from the mills the Iron Mountain makes an allowance of 2 cents per 100 pounds out of its rate from Marianna. The only joint rates are on forest products, and on other commodities, such as brick and coal, the tap line is content to receive a switching charge of $3 per car, or $5 per car on cotton, which apparently is not absorbed by the Iron Mountain but is paid by the shipper.

The tap line was incorporated in 1902. It makes annual reports to the Commission, from which it appears that the salaries to its officers exceed $6,000 per annum.