Pine Bluff daily graphic., 1914-06-25
0KLAHOMANS BUY
 JEFFERSON HOTEL Aquire Property as Invest ment and Lease to Trulock Company, Former Owners TRULOCKS BUY FARM
TRULOCKS BUY FARM
Thr0mgi Transaction Closed le>ter- day, Property Aggregating S30O.0o0 in Value Changes Hands, Pine
 Bluiiians Getting Plantation.

The Jefferson hOtel property, lll- luding furnishings, was yesterday disposed of by the Trulock Realty company to the I.,,iand Planting com pany, an Arkansas corporation com posed of Oklahomans. The Trulock Realty company in turn acquires the Leland company q plantation in Chi cot county, containing 3.470 acres of land, 2,O0O of which are in cultivation. No figures were given out, but the two properties are estimated to have an aggregate value of. something more than $300.0O0, making it one of the largest realty transactions consum- mated in this section in some time.
 The competition of the transaction will in no way affect the operation of the hotel, as the Trulock Realty com pany immediately leased the property for five years and the hOstelry will continue under the management of Walter N Trulock, who has built up such a large patronage for the lief fcrson There will be no change in the force at the hotel as a result of the property changing hands, and even the most observing patrons will not be able to discern that the ownership has changed, for the management will l he the same as in the past.
 The hot4l property has a frontage ] on West Barraque street of l20 feet 1 with a depth of 200 feet The site is l small squaa in itself, making 1t es- i pecially adapted to the purpose for which it was used; purpose that demands plenty of outside frontage. The building is open on all sides, the north facing the Arkansas river The Jefferson was constructed in 1888 by the Trulock Realty company. which is composed of Mrs. N. B. Trulock, w. N. and R. s. Trulock. The place was entirely remodeled in 1906 at cost of $6O000. and has always enjoyed great popularity with the travelling public. There are ninety rooms in the building. and they are usually oc- cupied. The Leland Planting com pany, new owners of the property and lessers to the Trulocks for five years, is composed of w. c. Sawyer and w. N. Sill, oil producer sof Nowata, Okla.. and J. J. Riner, president of the NO- wata National bank. Their purpose in acquiring the Jefferson and dispOsing of an Arkansas plantation was not made known but it is understood that because of their numerous interests in Oklahoma they concluded good rental property in Pine Bluff would prove to them more profitable than plantation to which they could not devote suffi- cient attention.
 The plantation acquired by the Trulock Realty company is situated on Lake ChicOt and the Mississippi river and is said to be one of the most fer tile farms in the valley. It is situated on the highest part of Chioot county and was one of the few places that escaped inundatiOn when a crevasse occurred in that section recently. Of the 2,00O acres in cultivation, a large acreage is devoted to cotton and corn, while there are also crops of oats and alfalfa. The alfalfa is said to be one of the best producing crops, and this crop is exceptionally good oa the plantation this year. The place will be under the management of s. B. Webb, who has had charge for two years.
 The negotiations resulting in the transfers of these two valuable pieces of property were conducted by 0. E.. Mckenzie. and he was complimented by both parties to the deal for his !. methods.
 There will be no change in the ho- tel, insofar as the public is concern ed," said MT. Trulock yesterday. We've sold the place and purchased plantation, but have leased the ho- tel and I will continue to manage it, always endeavoring to please the pat rons."