What's a paragould?

The next city to the north of our home is Paragould, which I always thought was an odd name for a town.
Turns out, it's one of those made-up combination names like Texarkana and Mexicali.
The place is named for a couple of 19th century railroad magnates/robber barons - James W. Paramore and Jason "Jay" Gould. Paramour got heavily invested in Texas cotton, realized it would be more profitable to haul it to St. Louis by rail than ship it by sea and founded the Texas and St. Louis Railway. Gould, who was a buddy of the ultra-corrupt New York Boss Tweed, owned the Union Pacific and the Missouri Pacific Railroad. In 1880, he was in control of 10,000 miles of railway, about one-ninth of the length of rail in the United States at that time, and, by 1882, he had controlling interest in 15% of the country's tracks.
The town is situated at a point where railroads - Paramore's Texas and St. Louis and Gould's St. Louis and Iron Mountain Railroad, later known as the Missouri Pacific - intersected.
Local historian Trent Dowler writes that Gould objected to his name being second to Paramore's, but the name apparently made more sense than Gouldmore or Gouldpara.
I have yet to discover what the town's founders gained, if anything, from sucking up to Paramore and Gould. This, of course, explains why the brick signs at the city limits feature the profile of a steam locomotive.