Business & Finance: At Couchwood

Twelve miles southeast of Hot Springs, Ark. on the Ouachita River is a power dam. Behind the dam is a good-sized lake. In the lake is an island and on the island is Couchwood, summer home of Harvey Crowley Couch. Mr. Couch built not only the rambling redwood log cabin that accommodates 25 guests in every luxury but also the dam that made the lake. The lake he named after his daughter Catherine; the dam, which he built for his Arkansas Light & Power Co., he named after onetime State Republican Boss Remmel.

Last week Mr. Couch gave a house party at...

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