The receiver leased the system to the Plant Investment Company ( PICO ) in 1899 .
System was then operated as the Lake Eustis Division of the Savannah , Florida & Western Railroad Company ( SF&W ) .
The receiver leased the system to the Plant Investment Company ( PICO ) in 1899 and it was then operated as the Lake Eustis Division of the Savannah , Florida & Western Railroad Company ( SF&W ) .