This road extends from Seligman, Missouri, to Eureka Springs, a distance of 18.50 miles. The grade from Seligman, for some distance, is 138 feet to the mile. The general direction of the line is northwest and southeast. There is down grade thirteen miles to White River from the northwest, and six miles from the southeast. A two span Howe truss iron bridge crosses the White River.
The road was chartered February 27th, 1882, and opened to travel February 1st, 1883. It was built by the Western Construction Company, of Little Rock, Arkansas. The building of an extension to Harrison, Arkansas, 49.25 miles, is in contemplation (1888).
The officers are as follows: President and manager, Powell Clayton; vice-president and treasurer, Logan H. Roots; secretary, A. H. Foote; directors, R. C. Kerens, St. Louis, Mo.; Logan H. Roots, Little Rock, Ark.; E. W. Taylor, Jefferson, Texas; Nathan Herrmann, N. Y.; P. K. Roots, Little Rock, Ark.; C. H. Smith, St, Louis, Mo.; Powell Clayton, F. M. Richardson, A. H. Foote, Eureka Springs.
The operations for the year ending December 31st, 1887, are, here enumerated: Train mileage (passenger, 13,505; freight 13,885), 27,390 miles. Passengers carried, 27,783; tons freight moved, 24,900. Earnings: Passenger, $35,011.52; freight, $39,597.74; mail, $1,459.68; express, $1,415,70; miscellaneous traffic earnings, $18,793.65; total, $96,278.32. Operating expenses: Transportation, $8,194.23; motive power, $5,767.84; general repairs, $2,355.98; maintenance of way, $5,848.39; general expenses, $9,153.68; total $31,320.12. Net earnings from traffic, $64,958.20. Payments: Interest on first mortgage bonds, $30,000; on debt, $30,000; other payments, $542.40; total, $60,542.40; balance surplus, $4,415.80.
Financial statement December 31,st 1887: Capital stock (par value $100), $500,000; funded debt, first mortgage 6 per cent. fifty-year bonds, due February, 1933, interest payable February and August, $500,000; second mortgage income 6 per cent. non-cumulative bonds, dated February 1st, 1883, $500,000; current accounts, $5,774.67; profit and loss, $8,921.60; total, $1,514,696.27. Contra: Cost of roads, franchise, equipment, etc., $1,500,000; due from other railroad companies, $3,568.33; from agents, $64.48; materials and fuel on hand, $3,112.24; other assets, $7,951.22; total, $1,514,696.27. Securities mostly held by construction company.
Rolling Stock: Locomotives, two; cars–passenger, one; baggage, etc., one; platform, six; service, eight; total, sixteen. Other rolling stock is furnished by St. Louis and San Francisco Railway Company.