The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1901-06-08

The Daily States of Sunday Fast
gives the following interview had
with Mr.. Howard Cole and other
members of his party. The article
says. that Mr.. Cole and associates
were to be in Providence on Tuesday
last. Mr. VIM. Fenton informed
US that on account of Mr.. Cole hav-
ing to 60 to Monroe on important
business, it was impossible for him
to be here on that date, bnt that he
was expecting him and other mem.
bers of his company here at any
time:
Louisiana is becoming the Mecca of
the investor and the promoter. Three
young capitalists. came into the city
last night from Southwest Louisiana
where their com bined purchases for the
past few DAYS aggregate some 10000 |
acres of land. Most of this is hard |
wood timber land and was purchased |
from the levee board of the Fifth Dis
trict. and is located IN the parishes of !
ST Landry and Avoyelles. A quarter
section of the land. however, is located |
near Snlpher Station, and for this the I
handsome price of $500 per acre was
paid.
The purchasers were ID. II. Harms of
Peoria. H.; r. P Davie of Cripple
Greek, Col. Howard Cole of Chicago. }
St Louis and Vicksburg. and Fl. j
Weisbruch of Peroria. III The latter
gentleman returned home without COM
ing to this city. 1t was he who made
the purchase of the 100 acres of land
near Sulpher
Mr.. Harms was oDs of the first inyes-
tors in the Beaumont oil fields and pur-
chased 100 acres within two and one
half miles of the Lucas gusher at $3.50
per acre. He is now able to sell this
at sums ranging as high as s25 900 per
acre. Most of the land be expects to
develop himself however.
Mr.. Cole is the leading man in the
Howard Cole Realty firm with offices
in Vicksburg Chicago and st. Louis.
is also secretary of the newly incor-
porated New Orleans, Natchez & Ar
kansas Railroad Company, which pro-
poses to build a line of road 105 miles
ong from Lake Providence, in East
Carroll parish. to Vidala. in Concordia
parish. The construction of this road
viii be made by the Louisiana and Ar
KANSAS Construction Company. OF
which he is one of the leading stock
holders. The president of the new !
Dad proposed IS MIR. A. T. Averll OF {
CEDAR Rapides. Iowa. The capital
took has been fixed at $500, 600, but
zone of this is for sale The par,ises ]
Who propose to build the line own
100000 acres of hard wood timber and
griculturaf land in the parishes Of
last Carroll. Madison. Tensas and
'oncordia. The road is primarily for
he purpose of developing these hold s
ngs. {
The projected line will cross the =
Icksbarg, Shreveport and Pacific atI :
'allulah and connect with the North {
'estern, branch of the Gould system.
t Vldalia.
Not long ago citizen of Tallulah
rote letter to one of the New Or
ans papers protesting against any
ght OF way being granted to the pro-
oters of this road. 1t turned out. so I,
T. Cole states. that the author of this -
tier was one of the opponents of the L
w road who was also attempting to X
similar line o-
Mr. Cole states that week. ago last =
ednesday meeting ofthe promoters IL
rs held in Chicago at which a num- tf
7 of very prominent capitalists were
eseut. They promised all the money
cessary for the enterprise without
ering single dollar of the stock or
'fngle bond for sale A meeting of
; promoters will be held at Lake
evidence next Tuesday, at which the
liter OF securing rights of way will
taken up ia detail. Mr.. Cole stated
{ night that it now seemed there
uld be no opposition to gaining :
se at all and that the actual con-
uctlon of the road would begin
hin twenty days. ~