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

motto in this, as in all other cases
is thousands for defence, but
not cent for tribute" The result
is that the Board of Aid is respected
to day in every court in Tennessee.
But all this, even with the greatest
economy entailed enormous expense
to which you have not been asked
to contribute cent. The Share
holders have not received one cent
OF interest nor are they likely to;
they therefore were not responsive
either in England or Boston. But
money however had to be raised as
neither in this, nor any other Coun-
try is law the cheapest thing in the
world, $4,000 was raised, and this
with $4,000 the total revenue from
'ales, and to the capital. previously
subscribed, makes a total of $685..
900 every dime Of which has been put
mo Rugby. These figures are taken
from the balance sheet which hold
in my hand, and it is up to 81 Dec.
1888. Lest any one should be
fearful that the Board of Aid, or
any one connected with it should
make money in the future, l will
now offer any one present at this
meeting, or any settler in the colony
the opportunity Of coming into the
Board of Aid, not at the original
cost, but at so per cent written off
as a loss. Let us see where this
has all gone: 1t has been said we
should have had Americans to
manage:-they are doubtless good
managers, but it will be within the
memory of some that the first
managers were Americans, and
actually laid out and sold lots which
did not belong to the Board Of Aid,
and which was only discovered by
Mr.. Walton and myself. Many
things were done, that cost money,
which cdn never return any interest,
such as,-the buildingof the Church
andschool, Barracks, Hospital, Road
ways improvements of all sorts, in
Boring apparatus that has been
lent to the colony free of charge-in
we'll sinking etc up to $4,000.
The total expenditure is many times
more than the price of the land,
and people are inclined to forget
this when they compare the original
with the selling price. Another
itemiof cost was the necessity of
making survey, such as should
have been made by the State, and
in consequence of the carelessness
with which entries were made and
for the want of such survey many
of the grants overlapped each other,
and several titles were given to the
same land. Other technicalities
arose, and complicated the question,
This the colonists had not to bear
and would ask you to bear with
the Board of Aid, and give them
that consideration that their efforts
to do their duty entitle them. AS
to the present state of the Board
of Aid, in wooded country. every
blow struck into the ground and
every tree that is felled, does good,
but the result is not apparent at once.
The current expenditures of the
Board of Aid involve raising 2l2,-
90 per annum. You may have some
idea of the difficulties Of the Board
when say, that they have to pay
10 per cent for all money they
borrow and many in this country
would only subscribe at 20 per cent
discount. The board of Aid has
been censured as Ruler can it be
shown that is has exercised any of
the functions of ruler except in
the case Of the Boards own property?
1t is stated in the most positive
manner that this mortgage has been
put in my name, that | am "the
mead and front" of the London
Board. That Mr.. Hughes has no
voice in the management: the facts
being. that Mr.. Hughes has gone
into it to much greater extent than
| think he is able, and, that 1 an
not even director and have nothing
t, do with it except so far as my
judgement is valuablc to the directorate.
But having put our hands to the
plow we do not intend to go back
1 r.. l..