The Rugby gazette and east Tennessee news. (Rugby, Morgan Co., Tenn.) 1884-188?, 1884-09-27

oAhSouioi. LILO WOO LOI a. lHdILCl VI
surprise, it had been witnessed be-
fore, and it would be seen again.
There was no use in being angry be-
cause the Board, had been used as
a scape goat,--a very good thing
in its way,--in this instance, bear
ing its own sins, and the sins of the
people IN the wilderness, rather
than to it,-but he hoped to be able
to show most conclusively, that
the Board had not, deserved all the
kicks it had received. He proposed
to do this, by showing its present
financial condition and progress.
1t was hardly fair to attribute to the
Boards misfortunes that arose, by
the visitation of God or want of
thought on. the part Of the people Of
the colony. The result of this con-
dition of things was disastrous and
dispiriting, everybody saw this, and
felt it, but good men, good colonists
are not killed when stricken down.
Whatever fate may befall the Board
of Aid-and there is life IN 1t yet,-
you will at least, hope escaped un-
scathed. The formation of this
colony by Boston gentlemen in time
of great commercial depression in
this, and the mother country, was
announced in 1877. Its object was
to promote associate migration to
fertile unoccupied lands ETC., and
by such means to contribute to a
re-distributing of labor. Commit
tes of investigation made four ex-
tensive journeys to the Western and
Southern States, occupying period
of five months and covering over
1900 miles Of territory. Circum-
stances that need not be mentioned
here. led to the formation of the
English Company with Mr.. Thos.
Hughes as Chairman. 1t was not
a Benevolent Association, except as
any other commercial enterprise
may be so considered to do good,
that developes resources, land utllizes
capital for profit. The Company
began its work with q subscribed
capital of 100000 opened with
great eclat, and brisk sales were
made. You may besurprised to hear
that the Board of Aid did not pocket
one cent of those sales, land willprob-
ably acquit the Board of selfshness
when you are aware the whole am
cunt was spent in the colony for the
benefit of the people who had taken
up lots, upon which they built houses,
and settled down. The Board of
Aid has been openly accused of in
difference-of culpably waving their
responsibilities to the settlers, who
were Induced from arious motives,
to reside here. The Company made
one sale of their coal lands, to a
coal company, at what was supposed
to have been a very high price. II
will possibly astonish this meeting
to know that unforeseen difficulties
arose with the result that very little
of that money was paid over to the
Board:-not because of unwilling
ness, or inability on the part of thai
coal company to fulfil its engage
ments, but because of restaints, put
uponthem, ,tillcertainlegal difficulties
that were advanced, we're cleared up
This money as it is paid over, vii
be absorbed in carrying on the
affairs of the colony. Not only wa'
every dollar Of the original subscri-
bed capital employed, but $4,000
or in round numbers $4,000 ha'
been subsequently raised in bonds
and RENTED to the colony, in adj
dition to capital raised by discount
ing notes that were running. Th'
outbreak of the Typhoid fever wa
most unfortunate; the failure of th'
colony was announced from Dan t.
Beersheba and 50 magniied b.
malicious people, that the credit o
the company was ruined, and thu
course of immigration almost stop
ped. Of course the out-cry agains
the unlucky Board of Aid was lout