The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-11-24
RAILROAD ITEMS,

TEE Globe Democra.: Reports detrimental to
the credit OF Texas X IT. Louis railroad, known
lainillarly ~ the Paramore road were ciculated
yesterday on the street In connection with Mr..
faramore's visit to New York. II was asserted
that he had gone east 80 raise funds TO defray
construction expense and liquldate overdue In
uebtedness TO contractors. The charges were
clearly defined and from hearing them, per-
son would be liable u favor the belief that the
IeNas " 81. Louis had met with the fate of other
harrsw.sauge railroads, and was financially en-
balrassed.
TO DIsrEL ALL DOUBTS
on the subject aGlobe. Democrat reporter visited
j. w, Paramoro last evening and received the
following information The object OF his visit
TO New York was 10 exchange the stock of the
Texas Il ~ Louis railroad for stock OF tne Texas
u 81 Louis railroad In Arkansas and Texas, di.
VISIONS which have heretofore been built and
managed as separate corporations Under the
UNIFIED management expenses will be reduced
ana only one board Of directors aud general oil.
GERS will be required. doing away with the cum.
oefsome machinery OF several corporations op-
erating the same road. He also placed bonds
10 the amount OF $50, 100 at par In the New York
market In order TO raise money 10 complete the
road.
is the Texas * st. Louis behind in pay
mentsg'
should say not and It don't look very
mnCh likebankfuptCy, does II, for me TO pay out
SOOoO-lo'dayg According 10 tho subscriptson
teen DAYS for EXPENSES, Vol Won know as a
railroad approaches completion the percentages
grow, aud when The contracts were settled up
there was balance OF some $4,000 or $4,000
over tho regular SiOO0 remaining unpaid. At
the end Of thu next fifteen days the percentages
were smaller and cserythlng was clearvdup NJ
nave more money to-day 10 our credit in the
bank than any other railroad In the country FREQ
OF debt I'd like Won 10 show me n road th al can
check ont balance of 500 200 In cash"
Flow much did the actual cost OF The Texas 4
St Louis Including eauipmenL oyerrnn ths
estimates Of the engineor,S
THE cost was s.SpOOO In excess Of the es,i.
mates, aud would ask YOU how does that com
pare with the boosted nickel.plate which could
only be finished by calling for mn additional
100000 Tits n credit 10 ANYONE to son.
s,ruct a railroad like the Texas A 81 Louis
$50 miles long, aud not have a draft 90 TO pro.
test
trisA woNpt.rul PERFORMANCE"
what il The condition of Tho llne to-day
There are alxty miles OF trackto The limo
is graded, lies me delivered and rails arc being
laid as fast as Two track layinv forces can Al n
Thcy average ono milo A day ,nch' and In ioas
than thirty days will meet and nrsh the work
Alloviny lime FAR haiis,,Ing anl settling IN.
road viii be IN "pcr,tion far January
lSsl Al tho Atkansaa river wa have tha
finest bridge south OF 81 Louis Il ia 1 700
feet long and has a dfaw.span OF ass feet
The liked spans arc on the combination prin.
clplc OF iron and wood We have entered into A
trallic agreement with tho Arkansas Midland
railroad from Clarendon 10 Helena, a distance OF
~ fnilas auA uill intarNh ri on thav having