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Helena is the second town in Arkansas, in point of population--which is placed at five thousand. The country about it is exceptionally productive. Helena has a good cotton trade; handles from forty to sixty thousand bales annually; she has a large lumber and grain commerce; has a foundry, oil mills, machine shops and wagon factories--in brief has $1,000,000 invested in manufacturing industries. She has two railways, and is the commercial center of a broad and prosperous region. Her gross receipts of money, annually, from all sources, are placed by the New Orleans 'Times-Democrat' at $4,000,000.