Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1883-08-22
WACO.
The Central Railway Bond Puzzle---A sui,
for Damages--Pcrsonai. III

! sWaco, August 2l.--A committee WA.
on the streets to-day soliciting FIND,
to repair tile Methodist Female Col
lege. IL Is to be hoped that when ID 4.
again repaired, shrubbery and othe,
ornaments will soon adorn the college
campus, and that Rey. Mr. Wrirhfs
successor will be required to keep the
buildings and grounds in repair. and
that the campus will not again be
taken for q horse lot.
DIR. G.. A Robertson of the firm OF
! Nichols & Robertson of Crawford came
up from Wootan Wells last hight. and
spent to-day in Waco.
| Report says that Mr.. Albert Can
mann is engaged agatha breach of
promise suit will be next in order.
The city railroad bonds due the
Houston and Texas Central railway
company and others was the tonic of
conversation on the streets to-day.
These bonds are now owned bs the
Central railway company. Nelson
Beall and wife of Maryland, and Judge
j. &. Walker of Waco. The history
of this bond questions Is briefly this:
In 1870 the city, by an almost unani
NOUS popular vote, agreed to issue
100000 in bonds 10 the Central rail
way company, conditioned that the
road was To be built to Waco
in q given time, and that the
city was to )wn stock in the road 10
that amount which was issued: but by
some means, just how no Que seems to
know, the city parted with all of its
rights and interest in its stock in the
road and compromised with the Cen
trail railway company and Beall and
wife, by which the city agreed to paw
them interest and principal on the
bonds from and after 1880, the bond.
holders agreeing to waive all interest
due up to 1880. The city also agreed
with the Central railroad
company and Beall and wife not to
compromise with anyone else holding
the bonds on any better terms than
those given them. Subsequently the
city compromised with Judge Walker,
by which it was released from paying
about SALT, about the same terms as
was made with the other parties. as
was understood by some of the men,
beers of the council; but on attempting
to settle with Judge Walker, on the
basis of the compromise which
the city had made with him, il was
thought by the council that ii it set.
tied with him on the terms agreed
upon it would violate its agreement
with the other parties and they would
come back on the city for "back
rati0ns" as it were, and therefore at
its meeting last night the city council
rescinded its original compromise act
with Judge Walker and laid the mat
ter on the table. There it
now rests, to be settled doubtless by
the courts. AS stated above, Just how
the city came to part with It's 500, 900
stock in the railroad, no one seems to
know, and the railroad bond question
| seems to be somewhat tangled, so much
so that several "Philadelphia lawyers"
could hardly get at the true inward
ness of the matter; and we suggest that
now the council has laid part of the
claim on the table, possibly it would
do well to rescind its action by which it
compromised with the Central railroad
company and Beall and wife and put
the whole question, If possible, back
on the original contract with the city
and the Central railroad company;
that is, owe the company the 100000
! bonds with accrued interest from 1870
and insist on settlement in accord.
ance with the original contra t, that
for every 500 bond paid by the city
the company shall return to the city
500 worth of stock in the road.
The city could afford to do this
seeing that the Central's stock In New
/ York is now worth 107. Should the
bond owners refuse to compromise Oh
settle on the terms Of the city's origi-
nal contract, then doubtless the courts
of the country would force them to SET
hot lAa.N Tod IN Ia.
bond.o
teachers in the Waco University, has
the public schools of Mineola, Texas
sition in the university pays him bet
the otler. The letter wa
"A very tiattering one to Professo
Strather's ability rs teacher. He ha.
taught in this city for several years
and he gives universal satisfaction tt
; his patrons. We regret the disap
9 pointment of the Mineola people. bu
!, Congratulate those of Waco thar they
| are not yet to lose the valuable service.
, of the professor AS teacher and citi
zen. There are few men who have The
H"HPy oip VI ihipNi'Ap5 'AASsieNsf"' ~
well as he.
major" Moran got on stare" tn,
other night and got into the calaboose
1t was currently talked on the street!
to-day that the major" openly
charges that the city police stole from
( him Sio0 on the occasion of arrest
and for this and false Imprisonment
, he intends to sue the city for $3.50 OK
damages. We advise him l. OF to do
! it, for these reasons: The city las onl,
: four pieces Of property which are, tE'
, city hall and calaboose and that is ex
emf by law; the engine house, als'
: exempt by law; the city gravel beds
also exempt for t0e reason that th'
city fathers us well ms other house
holders are entitled to the benefits o
: the homestead law, and besides th
gravel beds are covered by the lease o
Cora Mcmahon. In fact, the city ha
but Que piece of property that tn
major could possibly levy on, am
that is the hole in the ground in tn
center of the public square, calle'
? the public cistern. He might succee'
e in getting that, and If he does 1t is t
t be hoped that he will go into his hol
1 and pull it i'm after him. There is on
other hole owned by the city, but til