loaned him into the business, and the amount for which he had mortgaged
his house was in a safe place, where it could be got when wanted to pay
off that mortgage.
I was stupefied. As I began to realize my utter helplessness, I broke
down entirely. What rational motive could any man have had in getting
me home and leaving me powerless to do anything? Had I imagined the
character of his plans I should have remained in England, signed
anything that Mr. Whitworth wanted me to, and trusted Providence and
Mr. Hoyle for the result. The absurdity of the case presented itself to
me sometimes in its humiliating and sometimes in its ludicrous aspect,
according to my mood. After a while I saw that I must reconcile myself
to the situation, and see what could be done under the circumstances.
We could only do a little business in making small non-condensing
engines. Not more than from 15 to 20 men could work in the shop. As
for facilities for handling machinery, there were none. We yet needed
several expensive tools. We had to make patterns; we must have money
to run the place until returns came in. I laid the matter before Mr.
Smith. First of all, that mortgage must be discharged; I would not
stir till that was done. He had overreached himself. I rejoiced that
Mr. Allen had got the better of him. It would be idle to set about the
business without at least $10,000 additional capital; this I finally
got, and, with the advance to Mr. Allen, made free from interest, by
assigning the entire indicator patents to Mr. Smith and Mr. Hope. As
it turned out, we bought that money at an enormous price; but we did
not know this at the time. We must have money and this was the only way
to get it. We congratulated ourselves that by any sacrifice we had
secured the sum of $20,000 and without the burden of interest.
Public-domain text, read in full here on John Shaqi.
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