The Times-Picayune (New Orleans) October 6, 1874
Lease of the A very . Island Scilt Mines. We clip the following from the Sugar Bowl, of the 1st: We are rejoiced to be enabled to upfvrm the public that the negotiations for the lease of the Avery island Salt Mines have been happily completed, and mining operations will shortly begin. The lease, we learn, "8 for twenty years, at $10,000 in gold Pr year, with privilege on the part if the company leasinsr to purchase the mine for $230,000 in gold at or before the expiration of the lease, iteuewed energy will, be infused . in every branch of business by this enterprise, particularly as the lessees propose building a railroad from the mines to New Iberia.