The Rugbeian. (Rugby, Morgan Co., Tenn.) 1881-1882, 1882-01-21
MIR. JOHN BoYLE's STATEMENT.

Mr.. JOHN BoYLE's STATEMENT.
On Wednesday afternoon there was
a large gathering of English and Ameri
can residents in and near Rugby, for
the purpose of hearing Mr.. Boyle's
promised statement.
Mr.. Pardon, as chairman, said few
words respecting our position here, and
that yesterdays meeting, and the
present one, was the outcome of a
great anxiety, so many of the Rugby
settlers having been induced by the
Boards pamphlets and representations
to come here. He himself was one of
the number. The respected name Of
Mr.. Thomas Hughes was guarantee
of the worth of the scheme. Consc-
quently these representations, the
known credibility of the originators,
and the general idea, that the colony
was to be something more than land
speculation, gave us, we thought, q
title to be .taken somewhat into the
condolences Of the management.
The meeting then appointed Mr..
Frank Taylor as its Secretary, and the
chairman calling upon Mr.. Boyle, that
gentleman rose and said =
Mr.. Chairman, and Fellow Citizens Of
Rugby.
am glad to be able to meet you.
I am here at the request of II large
deputation of citizens the Importance
of the occasion would alone make me
comply and courtesy makcsit imperative
| understand that the object of asking
me to meet you here to day is with the
view of obtaining some information as
to the present position and future
prospects of the Colony. Turning to
Chairman) Is it not so, Sirl
1t is very natural question that you
should ask, and one which | have
longed to be able to answer, but my
hands and tongue have been tied by
instructions from England. When |
was here last explained to one or two
gentlemen now present how the thing
stood, but for the benefit of the meeting
let me recapitulate. At that time
there was to be u meeting of the Board
in London to consider the question of
increasing capital. | heard that it had
been postponed until the 23rd Decom-
Der and again until the 3Oth Of the
same month, as no quorum could be
obtained ; besides that formality
arose, the statute requiring that a
second meeting should be held to con
firm the minutes of the former. That
was On the 9th of January, it is now
the 18th and time enough has hardly
elapsed for me to hear the result. My
letters regarding the meetings of the
23rd and 30th enable me to state tc
you the following The meeting was
attended by exactly quorum including
one shareholder only and the Boards
Solicitor, who writes to me- he says,
81 have expended weeks in trying t.
get the shareholders together, but they
exhibit perfect apathy in the matter
they would promise me nothing and
have got nothing. | am now direct
ing my efforts among members of the
Stock Exchange | have to inform
you that locally, you must now
fight the battle yourself. You must
put down every expense and carry on
nothing that does not show profit on
the books of the Company, any further
expenditure will be at your own risk.
We will send no money except for spe-
cifc purposes. You are invited to take
upon yourself the Hotel, the Saw Mill,
the Garden and the Stables" | am
unable to indulge those gentlemen fol
want of fortune. but / have done two
things. l replied "that | will take the
Garden for one year and work it, and
will also take the Hotel in the
capacity of private gentleman. As
the stables are Indispensable to you
cannot close them unless you instruct
me to sell the horses, and | only think
of one horse that is not required fol
your use.