| Historicial Development: | Lake Creek Lumber Company bought out Montgomery & Company (I. H. Collins and H. J. Montgomery) on October 20, 1888, for $105 worth in horses and mules and eighteen promissory notes totaling $3,170, the notes payable at $7,000. On January 14, 1891, M. Wallace and M. C. Wren (the only heir of J. H. Smith, deceased) joined by her husband R. H. Wren, sold their interests in Lake Creek Lumber Company to Edward N. Oualline for $5,000 ($1500 in real estate in Groveton and $3500 in secured promissory notes dated March 1, 1891). By 1893, Oualline had taken a partner by the name of Decker.
The inventory on October 20, 1888, included a steam engine (12-inch by 20-inch) with two boilers, two lumber trucks, buildings on the the Egypt & Montgomery Railroad, six yokes of oxen, two log wagons, $1200 worth of commissary goods, and a commissary.
The assets sold on January 14, 1891, included the sawmill and engine, boiler machinery, three lumber trucks, all slab trucks, one Shay locomotive, five log cars, the iron and wood tram track used as a tram road, all buildings east of the Egypt & Montgomery Railroad, sixteen yokes of oxen, two mules, three log wagons, and three log carts.
Oualline and Decker contracted with T. M. Richardson Lumber Company of Oklahoma City, Indian Territory, to ship its entire lumber output to Richardson for one year at $7 per 1,000 feet of 1-ft by 12-ft lumber.
This mill site may have been originally owned by J. J. Bower (Bauer). |