SALINE BAYOU RAILWAY. The Saline Bayou Railway Company was chartered in June, 1905, under the Arkansas law, and its capital stock, amounting to $30,000, is held by the stockholders of the Oak Leaf Mill Company. The sawmill is reached by the tracks of the Iron Mountain, and the tap line performs no service on the manufactured lumber. The rails of the tap line extend from the mill at Oak Leaf, Ark., for a distance of 14 miles into the timber, with several miles of incorporated logging spurs. It has two locomotives and a number of logging cars, but no box cars or other equipment for miscellaneous traffic. About 95 per cent of the tonnage consists of the logs of the lumber company. An insignificant amount of general merchandise and farm products is moved for settlers and there is a small movement of hardwood logs. It has no passenger service.

The logs are loaded on the cars by the employees of the tap line; the method of hauling them to the mill is similar to that employed on the Griffin, Magnolia & Western; and the same charge of $1.50 per 1,000 feet is made by the tap line for the service on the logging spurs. The divisions received from the Iron Mountain range from 1-1/2 to 5 cents, the average being 3 cents per 100 pounds, the junction-point rate being in effect from all points on the tap line.

The reports filed with the Commission indicate that the tap line is operated at a slight loss, and the statement made on the brief is that the deficit is met by the Oak Leaf Lumber Company.