Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1896-02-07
ISLAND CITY NEWS IrEMs.
Beach Hotel Anxious TO Buy the Tax
Judgments--Cuban Sympathy.

| Beach Hotel Anxious TO Buy the Tax
Judgments--Cuban Sympathy.
Galveston. Texas. February l.--lho
Beach Ho,ol company hGl made propo-
sition to buy the clty's tax judgment. The
asieunt offered IL rot made public. but II
Is uudcnstood TO be substantial amount
and rs acceptance as the basis Of II COM
| promise In no, Improbable, 4. ]. Bnl'ing-
er, attorney for the hotel company APP
pearod before n meeting OF the budget
| committee last night and explained the
situation and tho compRny's desire TO eff
feet settlement.
II appears that the city Railway com
many had $4,000 stock In tho hotel com.
puny and there arc 10000 Ia outstanding
bonds. OF which the Missouri, Kansas and
Texas railroad owns $1,000 and the bat
lnce In held In Galveston. The property
was sold some months ago by the sher-
IN and bought In by the bondholders for
less than their claiTh. which wiped out
the stock, The bondho'ders have an ad-
altionm claim OF $4,000 for eight years
unpnil interest, 30 that tho property
stands them In hand $4,000. Since they
bought II In thoy have advertised u Tor
sale extensively In the East and the host
offer thoy could get was $4,000, The city's
tax Judgment IL for 1900 and the state
has n similar and prior tax Hen for 1900,
1 total tax incumhrance OF as 900. n APP
hears. therefore. that up TO the present the
nave pttn nnhplr 10 sell lRt
property for enough 10 pay the taxes Tho
,ondholders state that uniegs they can buy
he city's judgment they will appeal the
Ease to the higher courts. which is per-
nnps. another wny OF saying that they Will
light for time. They are In $1,000 UP TO
the present writirg, with $1,000 taxes
iue and unable 10 sell the property. But,
I they can rettle this judgment. there is
an assurance Of sn'c which VIII let
hem out without further loss than the
original inverment. Naturally. they will
10 all they can 20 avoid further lons.
II II understood that the acceptance or
he proposed terms OF settlement by tho
,ity will mean the opening Of the hotel
or the coming suhmer season. while re-
susnl TO do so might result In the city
rrttinE nothing, AS the property IL not
nBurable ms It stands and IL depreoiating
value while II stands Idle, Interviews
with number Of leading citizens indi-
ate n general sentiment IN favor OF COM
promising the Indebtedness and the prob
abilities are that the matter will be ar
-anged as soon as the council meets
again.
Mr.. j. u. Denison. commissioner OF the
Galveston freight bureau. this morning
.eceived n teiegTaIa from Mr.. Faithorn.
he gentleman to whom the gulf grain
ate was referred for arbitration, saying
hat he viii be in Galveston next week,
accompanied by MIR. Howe. who hss since
been selected to act with him in the ar
oitration. The gentlemen are coming hero
o look into Galyeaton's claims for
over rate than now prevails. II ~ the
Intention OF Mr.. Denison and others 60
entertain them while here and TO make q
strong argument for the rsstoration OF
he grain rate which prevailed up to JAM
CUBAN SYMPATHY.
The introduction OF a resolution in con-
rress TO recognize the bellgerent rights
Of the Cuban insurgents has revived the
ilctivity ninong tho Cuban nympathizers
here. A gentleman OF this city who has
AIKEN Lively interest In the matter, has
forwarded n proposition TO the Cuban
sunta IN New York 10 furniah 1000 sien,
i'ul,y armed and equipped for service. 70
,nter the Cuban army. Transportation IL
% be furnished and the organizer OF the
'orce expects 10 be paid liberal sum for |
lis part of the business. II n assumed that |
he sxpsditien can be fitted - :. 49,