E. A. Stewart, of Dallas, had extensive sawmilling in Arkansas and Texas sawmilling. Stewart operated mills in and north of Texarkana and Maud, and in the Texas counties of Houston, Anderson, Titus, Red River, Morris, and Bowie. Several of the Red River County mills were small, portable operations, thus they will be noted only here. Consolidating his holdings in 1946, Stewart established the E. A. Stewart Hardwood Lumber Company, with offices at Texarkana.
In 1947, E. A. Stewart was milling lumber and making sash, doors, and blinds at Maud. The Directory of Texas Manufacturers 1956-1958 reported that the E. A. Stewart Lumber Corporation opened at Maud in 1945. The company employed more than a 100 workers manufacturing lumber, hardwood floorings, furniture dimension stock, ties, and car stock.