L. L. Beene, through J. B. Reynolds, mortgaged his sawmill plant with the Patterson Miller Lumber Company of Pittsburg. Originally the A. C. Hogan mill, it was located about six miles east of Newsom and twelve miles southwest of Pittsburg. Property besides the sawmill itself included the machinery, planer, a log wagon, and 150,000 feet of lumber on the yard and two million feet of standing timber. The sawmill cut was contracted to Pittsburg Lumber for the following twelve months.