Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1883-08-24
WACO.

WACO.
a Review OF the Railroad Rond question
Alleged Horse Thief Arrested
Local City Items.
Il Reported for the Gazette.
Waco August "a young man
about ~ years old calling himself @.
j. Hooter was in town YESTERDAY rid
ing a roam pony branded 30 on the
left hip: the saddle was blacl, leather,
rugged at Marlin, with the imprint Of
j. NJ. Reynolds. His attempt to sell
the horse and saddle for much less than
their value3 and other suspicious nc
tons led Constable = Ellison to
arrest him last night
When he was placed in Jail one of the
prisoners recognized him, and says
that he was With him i'll Jail in Fort
Worth some time siuce, and that ut
that time he was charged with being
one of the Clebufne train robbers.
The Waco female college committee
have raised 500 with which TO repair
the college building aud
grounds and they have The prom
ise OF about $3.50 more. The trustees
have determined to put it in first class
order, aud Prot. Rounsavall has or
dered from ST. Louis new furniture for
the college, and the coming Septem-
Der session is expected TO open with q
very large attendance.
Sheriff Harris has returned from st.
Louis.
Mr.. II. Levine is expected to arrive
home from New York IN the morning.
Mr.. Joe Lehman has moved into his
new brick hotel.
Major PENIS camp meeting near
Crawford IS attracting many people
ont there. II promises to be huge
affair.
Your correspondent promised to
give his reasons why he thought the
/ city council ought to pay the railroad
bonds now owned by Judge j. c.
! Walker at this city. THAT
the city will eventually have all of the
/ 500, 900 outstanding bonds to pay we
have no doubt; but, as stated in our
communication yesterday, we think
not another dollar of the bonds owned
by the Houston Il Texas Central rail
way company ought to be paid until
that corporation refunds to the city
the 500 900 railroad stock OF the city,
obtained from it in what we consider
the fraudulent manner noted in oul
v
zErTE. But Judge Walkers claim il
different; he does not hold any OF the
city's stock, and if we will eventually
have the bonds to pay, then it stands
to reason that it is bet
ter to accept the compromise proposed
by Judge Walker rather than event
ually to be compelled by law to pay
the full amount, together with cost @
suit. The status of the Walker bond
muddle is this: The city owes judy,
Walker bonds to the amount of $4,000
There is due interest on this, up t,
August LIST, 1888, SSl39.60. TIL,
city some time ago appointed
committee to ascertain on wha
terms it could settle with Judg
Walker. That committee proposed u
compromise by paying him S5006.6O q
amount III full of interest due up t,
August /, 1888, and to pay him the in
terest on all coupons falling due there
after with rebate of one-fourth of 70
Il sinking fund 10 meet the principa
i which falls due in 1890, twent,
years after the time the bond
/ were issued. 70 this Judge Wallse
proposed to take S5,479 20, which wa
$4lT.60 more than the first offer of Tia
committee. The COMMITTEES reporte,
favorably on this proposition OF .Judg
, Walker, and the council accepted i
/ and appointed IL committee, includin,
) Mayor Wilkes, to settle ol
t this basis. 1t is prope
TO say that the city council in its com
, promise with the Central railwa
5 company agreed uot 10 conpromis
| With any other of the bondholders ol
= any better terms than that given tn
/. Central, which was that the Contra
waived all interest up to 1880 and on,
fourth Of all INTEREST aceruiGs there
after Till The maturity OF the Bonds
= so when the comEnijtee came to settl
1 with Judge Walker IL was discovere
A that the members mad voted to CON
q promise with ann, on the basis abov,
) mentioned, on the ground that it wa
i substantially, the same compromis
y made with the Central, whereas tue,
n now believe that in fact il would b
!. paying him about 81 500 more than h
# would be entitled TO under the Centra
r compromise. Therefore, the mayo
e convened the council in special ses
Z sion on Monday night AND laid Tia
t facts before Tint body, ana they Il
o once passed an order resembling thei
: former compromise With Judge Walk
er, and laid the matter ON the table
We hope this matter nay yet be con
promised wGhunt II suit, and If no bet
ter compromise can be had than tina
+ proposed by Judge Walker, we Shout
o prefer To sSe that aceepte
in preference To sui,
For the reason ~ stated above W
have no doubs hut the city will event
{ ually have the bottds TO pay, and b,
, accepting the compromise proposed i
! will, In the end, be gamer 10 the ne
amount OF at'oet sipS6 10, thus there i