St. Tammany farmer. [volume] (Covington, La.) 1874-current, 1904-09-10
Reported Purchase of the
East Louisiana Rail-
road and Big Tint
Der Tract.

cles that the East Louisiana Railroad,
together with . considerable tract of
land owned by the Poitevent & Favre
Lumber Company, will shortly be trans
ferred to Great Southern Lumber Com.
paDy, of Buffalo N. T., of which MIR.
Frank Goodyear is president.
10 definite statement could be Sc.
cured from representatives .t the Rail-
road Company or of the Poiteyent &
Favre Lumber Company in regard to
the transaction. 1t is understood, how.
ever, that the negotiations looking to
the transfer have been in progress for
several years, and have just now been
brought to head. While not yet CON-
pleted, it is reported that the negotia-
lions have gone 50 far that the only
thing remaining to be done is to actu-
ally transfer the property, and that this
matter is merely awaiting the return of
some OF the prospective purchasers
FROM Europe.
The deal, according to rumor, in
wolves about S2,O0O,OOO. The property
to be purchased Is the East Louisiana
Eailroad. together with tract of the
timbered lands Of the Poitevent & Favre
Lumber Company, the extent OF which
Is not known. The purchaser, Great
Southern Lumber Company, already
owns vast area of timbered lands t.
the north Of the large tract which the
Poitevent & Favre Lumber Company
now owns, but none Of the Great South.
ern Lumber CompaEy's lands have been
cut, and they are now waiting for the
erection of mills and the opening up of
tho territory. It is stated Is the inter
ton OF Great Southern Lumber Com
pany to open up the lands which they
now own by extending the East Louisi-
ana into that territory and using it, not
only for the passenger and freight BUSH
ness which it now serves, but for the
Of the lumber which will be cut
from the tracts OF land which will be
by Great Southern Lumber
Company after it shall haye acquired
some Of the lands now owned ~ the |
Poitevent & Favre Lumber Company.
The East Louisiana Railroad is
owned by the corporation of that name,
which 10 made up of the heirs Of the late
Captain John Poitevent. Frank y
Hayne fs President Of the road; N. g.
Perrs3ll, Vice President and General
Manager; W. J. Poitevent, Secretary,
md G. K. Mullings, Treasurer and Au-
ditor.
The road extends from Pearl River,
La., through Vaudeville Junction,
where the road branches to Vaudeville
md Covington. It is eleven miles long
rom Pearl River to Vaudeville juno
ion. The Covington branch extends
thirteen miles from Vaudeville Junction
o Covingt0n, and the Vaudeville
branch, from Vaudeville Junction to
is twelve miles in length.
The entire line lea within the ozone
Belt of Loulsiana, which Is noted as
me Of the most famous health resorts
4 the country.
The East Louisiana, in connecticut
With the New Orleans and Northeastern 1
iailroad, has Afforded easy communi-
alton from New Orleans into this ,
ealth country, and the result has been ,
hat the city Of Covington and the
hriving town of Vaudeville, and many
Their cnterprising places, have been
uilt up.
It is not known what use will be
,ade of the railroad by the Great
outhern Lumber Company beyond its
resent uses, and the additional uses
hitch it will be put to should the line {
e extended into the timbered lands of
ne Company. The TACT that the road
es between the Illinois Central and
le Northeastern, and that north there
J an excellent country. has given rise f
, the opinion that the purchasers may | +
ave In mind the extension of the road
definitely and the opening up OF the :
oh country to the north of st Tam {
amy Parish. This opinion is re-en- i
,rced by the fact that the people who
wn the Great Southern Lumber Com.
any are also railroad owners, and will
Ike advantage Of any opportunity +,
,nstruct . road which might prove a
aging proposition.
The fact that the Poitevent & Favre II
lumber Company will sell portion of
8 timbered lands does not mean that
lat concern will 60 out Of business.
he Poitevent 4 Favre Lumber Com ii
my owns vast tracts of land in that r
lrt of the State, and after they shall =
we seld large areas to the Great y
outhern Lumber Company they will .
i'll have large tract remaining. tl