DORCHEAT VALLEY RAILROAD. The Dorcheat Valley Railroad was constructed by the Porter-Wadley Lumber Company as a private logging road in 1905, and was incorporated in the following year with a capital stock of $75,000, which was issued to the stockholders of the lumber company. The two companies have the same officers. The tap line extends from a connection with the Louisiana & Arkansas, at Cotton Valley, La., to Gleason, a distance of about 6 miles, and has 20 miles of logging spurs through the timber which are moved from time to time to meet the logging requirements. These tracks are constructed and moved without expense to the lumber company. The equipment consists of 5 locomotives and 60 logging -cars.

The mill of the lumber company is on the tap line about one-quarter of a mile from the track of the Louisiana & Arkansas. The logs are hauled in by the tap line and the lumber is switched by it to the trunk line. For the service on the logging spurs the lumber company pays $1.25 per 1,000 feet, logging scale. Out of the joint rates on lumber the tap line receives from the trunk line a division of 3 or 4 cents per 100 pounds, being one-half the proportion of the through rates that the Louisiana & Arkansas itself receives.

There are no other sawmills on the line, but there is a small stave mill and a handle factory. The outside traffic for the year covered by the record included but 746 tons of feed, fertilizer, and general merchandise; there were 5,100 tons of staves; and the lumber traffic aggregated 29,000 tons. No revenue is shown for carrying the per-sons who are permitted to ride on the logging trains.

The annual report to the Commission for the year 1910 shows an operating revenue of $53,375.42. The operating expenses for the same year were $48,680.89, which included substantial sums expended in moving the logging spurs.