LITTLE ROCK, SHERIDAN & SALINE RIVER RAILWAY. The Little Rock, Sheridan & Saline River Railway Company was chartered in February, 1892, and is owned by the William Farrell Lumber Company, as is admitted of record. The track of the tap line is narrow gauge and runs from mill at Farrell, Ark., to a point in the timber known as Craig's Mill, a distance of 17 miles. The equipment consists of 3 locomotives and 36 cars. There are unincorporated logging spurs owned by the lumber company which it operates with engines furnished by the tap line at a charge of $20 per day, including fuel and the crew. The tap line hauls the logs to the mill and charges the lumber company $4 per car. This, however, is later refunded when the lumber is shipped out. The sawmill is about 200 yards from the main track of the Iron Mountain; the planer is somewhat less distant. But apparently all of the manufactured lumber, whether planed or undressed, is switched by the Iron Mountain from the mill. The tap line receives an allowance of 4 or 5 cents per 100 pounds out of the Iron Mountain's rates.

The timber holdings of the lumber company are in the vicinity of Craig's Mill, where the logging spurs are laid, and aggregate about 54,000 acres. The traffic handled for others than the lumber company amounted, during the fiscal year 1910. to only 110 tons, and consisted of feed and general merchandise, while the lumber shipped by the Farrell Lumber Company exceeded 41,000 tons. The log movement averages 10,000 cars per annum.

The capital stock issued and outstanding amounts to $125,000; and in addition the Farrell Lumber Company holds bonds in the tap line to the amount of $75,000. The surplus on June 30, 1910, was $14,290.01, accumulated since 1907.