The earliest predecessor of the FEC was the narrow gauge St. John's Railway, incorporated in 1858, which constructed a now-abandoned line between St. Augustine and Tocoi, a small settlement on the east bank of the St. Johns River, midway between Palatka and Green Cove Springs. In 1883, Henry Flagler, now retired from Standard Oil, moved to St. Augustine, built the previously mentioned Ponce de Leon and the Alcazar Hotels, and purchased the Casa Monica, just east of the Alcazar, changing the name to Cordova. The east coast of Florida was relatively undeveloped at that time, and Flagler found it difficult to obtain the construction materials he needed. His purchase of the JStA&HR Railway was intended to make it faster and easier to supply his building projects.