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"The fight was square enough," said Pinckney's second in some
embarrassment, "but I reckon that he," pointing to the dead man, "did
not know who you were.""Do you mean that he did not know that I was the son of a man proficient
in the use of arms?""I reckon that's about it," returned the second, glancing at the others.... |
But it was not until the sun had mounted higher that it struck the
central horror of the field and seemed to linger there in dazzling
persistence, now and then returning to it in startling flashes that it
might be seen of men and those who brought succor. A tiny brook had run
obliquely near the battle line. It was here... |
"I can't make out, sir, unless he went into the last advance as a
volunteer. Wanted to see the fight, I suppose. He was a dashing fellow,
a West Pointer,--and a Southerner, too,--a Virginian.""A Southerner!" echoed Brant quickly."Yes, sir.""Search him again," said Brant quietly. He had recovered his usual
coolness, and... |
Brant reflected. Many of the mulattoes and negresses were of good
figure, and the habit of carrying burdens on their heads gave them a
singularly erect carriage.The lieutenant looked at his chief."Have you any orders to give concerning her, General?""No," said Brant, after a moment's pause, and turned away.The officer ... |
He was not far wrong in his sardonic intuition of the effect of his
prohibition upon Miss Faulkner's feelings. Certainly that young lady,
when not engaged in her mysterious occupation of arranging her uncle's
effects, occasionally was seen in the garden, and in the woods beyond.
Although her presence was the signal for... |
It certainly was a pretty flower, not unlike a lily in appearance, with
a bell-like cup and long anthers covered with a fine pollen, like red
dust. As he lifted it to his face, to inhale its perfume, she uttered a
slight cry, and snatched it from his hand."There!" she said, with the same nervous laugh. "I knew you woul... |
"Has any one been here since my absence?""No, General.""Has any one passed through the hall?"He had fully anticipated the answer, as the subaltern replied, "Only the
women servants."He re-entered the room. Closing the door, he again carefully examined
the box, his table, the papers upon it, the chair before it, and eve... |
More annoyed than he cared to confess, Brant briefly dismissed her with
a warning. As he cantered down the slope the view of the distant pickets
recalled the window in the wing, and he turned in his saddle to look at
it. There it was--the largest and most dominant window in that part of
the building--and within it, a d... |
Luckily, Brant had taken advantage of his first gratified ejaculation to
shake him warmly by the hand, and then, with both hands laid familiarly
on his shoulder, force him down into a chair. Luckily, for by that time
Jim Hooker had, with characteristic gloominess, found time to taste the
pangs of envy--an envy the more... |
In another instant bugles were ringing through the camp, with the
hurrying hoofs of mounted officers and the trampling of forming men. The
house itself was almost deserted. Although the single cannon-shot had
been enough to show that it was no mere skirmishing of pickets, Brant
still did not believe in any serious atta... |
"It would have been an excuse," she murmured, "yes--to save a man,
surely!" Then she said quickly, "I will go. At once! I am ready!""One moment," he said gravely. "Although this pass and an escort insure
your probable safe conduct, this is 'war' and danger! You are still a
spy! Are you ready to go?""I am," she said pro... |
It wanted still an hour of the darkness that would probably close the
fight of that day. Could he hold out, keeping his offensive position so
long? A hasty council with his officers showed him that the weakness
of their position had already infected them. They reminded him that
his line of retreat was still open--that ... |
With the artificial step and mysterious hush of the ordinary visitor to
a sick bed, Brant entered the room. But some instinct greater than this
common expression of humanity held him suddenly in awe. The room seemed
no longer his--it had slipped back into that austere conventual privacy
which had first impressed him. Y... |
"And thinking of that," said Brant slowly, "you have put yourself--I
will not say in my power, for you are in the power of any man in this
camp who may know you, or even hear you speak. Well, let us understand
each other plainly. I do not know how great a sacrifice your devotion to
your cause demands of you; I do know ... |
"I am afraid I can only repeat, general, that our foolhardy freak has
put us in collision with your sentries," said Lagrange, with a slight
hauteur, that replaced his former jauntiness; "and we were very properly
made prisoners. If you will accept my parole, I have no doubt our
commander will proceed to exchange a coup... |
"Enough," he said quietly, "I will meet you beside the Run, and cross
the marsh with you until you are within hailing distance of your lines.
I will be in plain clothes, Alice," he went on slowly, "for it will not
be the commander of this force who accompanies you, but your husband,
and, without disgracing his uniform,... |
An aching under the bandage around his head where a spent bullet had
grazed his scalp, and the sound of impossible voices in his ears were
all he knew as he struggled slowly back to consciousness again. Even
then it still seemed a delusion,--for he was lying on a cot in his own
hospital, yet with officers of the divisi... |
Into this stifling atmosphere of greed and corruption Clarence Brant
stepped from the shadow of the War Department. For the last three weeks
he had haunted its ante-rooms and audience-chambers, in the vain hope
of righting himself before his superiors, who were content, without
formulating charges against him, to keep ... |
"Boompointer's a big man," continued his auditor doubtfully. "Do you
know him?""Know him?" Mr. Hooker laughed a bitter, sardonic laugh. "Well,
gentlemen, I ain't the kind o' man to go in for family influence; but,"
he added, with gloomy elevation, "considering he's an intimate relation
of mine, BY MARRIAGE, I should s... |
The moon was high as the carriage whirled him out of the still stifling
avenues towards the Soldiers' Home--a sylvan suburb frequented by
cabinet ministers and the President--where the good Senator had
"decreed," like Kubla Khan, "a stately pleasure dome," to entertain his
friends and partisans. As they approached the ... |
"Is it about yourself, Kla'uns? You know," she went on with cheerful
rapidity, "I know everything about you--I always did, you know--and I
don't care, and never did care, and it don't, and never did, make the
slightest difference to me. So don't tell it, and waste time, Kla'uns.""It's not about me, but about my wife!" ... |
The indescribable sensation with which this simple information filled
Brant startled him more than the news itself. Hope, joy, fear, distrust,
and despair, alternately distracted him. He recalled Miss Faulkner's
almost agonizing glance of appeal to him in the drawing-room at Susy's,
and it seemed to be equally consiste... |
There was little difficulty in finding the cemetery of Three Pines
Crossing--a hillside slope, hearsed with pine and cypress, and starred
with white crosses, that in the distance looked like flowers. Still
less was there in finding the newer marble shaft among the older
lichen-spotted slabs, which bore the simple words... |
"Don't let us travel out of the record, General. You're as bad as the
department. The question was one of your personal treachery, but you
need not accept the fact that you were justly removed because your wife
was a spy. Now, General, I am an old lawyer, and I don't mind telling
you that in Illinois we wouldn't hang a... |
Produced by Barbara Tozier and the Online Distributed
Proofreading Team at http://www.pgdp.net+------------------------------------------------------------+
| Transcriber's Note: |
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| Obvious typographical errors ... |
The enormous losses, millions upon millions--to my personal knowledge
over a hundred millions of dollars--which were made because of
Amalgamated; the large number of suicides--to my personal knowledge over
thirty--which were directly caused by Amalgamated; the large number of
previously reputable citizens who were made... |
Therefore, in the course of my story of Amalgamated will come a few
kindergarten pictures of how the necessaries and luxuries of the people
are "incorporated"; of how the evidences of corporation ownership are
manufactured; of the individuals who "manufacture" them; of the
individuals who control and make or unmake the... |
XVIII. THE DUPLICITY OF ADDICKS 125XIX. ENTER H. M. WHITNEY 133XX. AN AWKWARD ATTACK OF APPENDICITIS 142XXI. BRIBING A LEGISLATURE 149XXII. PLUNDERED OF THE PLUNDER ... |
This, briefly, is the tortuous course of Amalgamated, and it is along
this twisting, winding, up-alley-and-down-lane way I must ask my readers
to travel if they would know the story as it is.CHAPTER IITHE "SYSTEM'S" METHOD OF FINANCE AND MANAGEMENTAt the lower end of the greatest thoroughfare in the greatest city of
th... |
7. Never enter into a "butting" contest with the Government.
Our Government is by the people and for the people, and we
are the people, and those people who are not us can be hired
by us.8. Always do "right." Right makes might, might makes
dollars, dollars make right, and we have the dollars.All bus... |
Some one has said: "If you would know who is the head of a family, slip
into the home." The world, the big, arbitrary, hit-or-miss,
too-much-in-a-hurry-to-correct-its-mistakes world, has decided that the
master of "Standard Oil" is John D. Rockefeller, and John D. Rockefeller
it is to all but those who have a pass-key ... |
At sixty-five Henry H. Rogers is probably one of the most
distinguished-looking men of the time; tall and straight, and as
well-proportioned and supple as one of the beautiful American elms which
line the streets of his native town. He was born in Fairhaven, a fishing
village just over the bridge from the great whaling... |
Yet away from the intoxicating spell of dollar-making this remarkable
man is one of the most charming and lovable beings I have ever
encountered, a man whom any man or woman would be proud to have for a
brother; a man whom any mother or father would give thanks for as a son;
a man whom any woman would be happy to know ... |
This is what actually occurred. Before Mr. Rogers and William
Rockefeller let any one at all in, they built a superbly designed
water-, air-, and light-proof structure (particularly light-proof),
consisting of five floors, each one being the exact duplicate of the
$39,000,000 one upon which they, and they only, stood. ... |
After this examination I felt convinced that the properties "Standard
Oil" insisted on substituting for those originally intended for the
first section of Amalgamated were such that the public, if honestly
dealt with, could not possibly meet with loss in purchasing. But even
then I only consented to go ahead with the f... |
_I shall go further and say that there to-day exists uncontrolled in the
hands of a set of men a power to make dollars from nothing._ That
function of dollar-making which the people believe is vested in their
Government alone and only exercised under the law for their benefit, is
actually being secretly exercised on an... |
"C" purchases with $3,300 ("B's" money) which he borrows from _The
Bank_, a copper-mine, depositing the title which he receives from the
seller with _The Bank_ as collateral for the $3,300. After purchasing he
arbitrarily calls the copper-mine worth $10,000--arbitrarily because
his act is not controlled nor regulated b... |
Its first move was to establish a great corporation, the Standard Oil
Company, and make its stock, 1,000,000 shares, sell at from $650 to $800
per share, or $650,000,000 to $800,000,000. It kept its affairs
mysteriously secret, it paid enormous dividends, and from time to time
it caused to be published broadcast throug... |
The bank, having $39,000,000 on hand belonging to the public in the form
of savings deposited, or having a fictitious $39,000,000 in the form of
book-keeping accounts made possible by the deposits of the public and
the manipulation of the funds in other banks and trust and insurance
companies belonging to the public or... |
The door closes--silence again. Then the air vibrates with the sound of
a hearty hand-slap and the genial, whole-souled greeting of the "Master"
to his partner. "William, I feel as though I had done an honest day's
labor! Thirty-six million dollars 'made' and no hitch, no delay!" Then
follows the partner's mild answer:... |
Capital stock paid in $25,000,000.00
Surplus fund 8,900,000.00
Undivided profits, less expenses and taxes paid 8,503,038.26
_National bank notes outstanding_ 3,180,000.00
_Due to other na... |
I would not have my readers think that the principal motive actuating
"Standard Oil" in parting with its Standard Oil stock is doubt of its
present intrinsic worth, for such is not the case. The masters of
"Standard Oil" are very able, far-seeing men, and they know that so
thoroughly have the American people been educa... |
Once upon a time Addicks, entering Delmonico's for dinner, stumbled on a
couple of newsboys at the entrance. One, broken-hearted, was being
consoled by the other. Addicks, observing the deep sobs, asked: "What's
the matter with you, bub?" The consoler explained that his chum had lost
$2, his day's earnings and capital,... |
Try to conjure before your mind's eye a picture of the anomalous character
these instances suggest. I'll warrant your mental image as little
resembles the original Addicks as Mr. Hyde did Dr. Jekyll in the story. He
does not look the part assigned him here, nor any other part for that
matter. I saw him coming toward me... |
At the time Addicks "lit" in Boston that city numbered among her
proudest possessions several extremely rich gas companies, and they were
owned by her "best people." To do business with Boston's "best people"
is no easy task, and up to the advent of Addicks, to do business with
her "best people" without doing it throug... |
Some one pointed out that the gas properties were valued very high. That
in the Boston, for instance, the par value of each share was $500--and
that it was improbable Mr. Addicks could buy it for less than--than
eight hundred."Of course, of course; I am not buying gas companies that are not well
thought of by their pre... |
Right here, before plunging deeper into the current of events which led
to the organization of Amalgamated--for what has gone before is only
that which I deem necessary setting for the story, necessary in order
that my readers may clearly take in its meaning--it is only fair to them
and to myself for me to say that my ... |
From the opening it quickly advanced to 149, receded a point
or more, and shortly after noon started sharply upward. The
demand for it came so rapidly that the tape could not keep
up with it, and the excitement grew as the demand increased.
The scenes on the floors of both the New York and local
... |
_Dear Sir_: I have read with interest your proclamations
about "Coppers." I am not a rich man, but I have about
$20,000 lying idle which I should like to add to, and will
put it into anything you advise.The writer received the following answer from my secretary:Mr. Lawson instructs me to say he received ... |
And the "System" took care of its advantage. At a tense moment in that
soul and nerve trying period, with Wall and State streets full of talk
about General Electric's probable absorption of Westinghouse, General
Electric being then at its highest price, $119 per share, the Westinghouse
companies held their annual meeti... |
I told him that that was my understanding of our meeting. Then he wanted
assurances that I had no connections with "Standard Oil" and that I was
free, sentimentally and commercially, to enlist in his fight. I replied
that I was a stock-broker and operator, and was looking for
opportunities; no one had strings on me, an... |
"Whatever you think best," he replied in a mild tone. Then, rousing
himself a bit, he went on: "They say in the market that you like a fight
and the harder it is the better. Well, I certainly have an uphill fight.
Do as you would have the other fellow do to you."After that I had no further doubts of Addicks' slickness.... |
My plans in shape, I rushed to the firing-line. I began with a statement
to the investors of New England and the gas consumers of Boston brimming
over with facts and figures. Then I fired a volley of candid details as
to the manner in which city and State officials had recently betrayed
the public's interests. Lastly, ... |
"Mr. Lawson, it has long been my ambition to show the public of Boston
and gas consumers what I could do with this situation, and now that I am
absolutely assured of gas supremacy, I would have you and all others
distinctly understand I will run it as I deem best, regardless of the
wishes of any one."Nathan Matthews wa... |
If the years of my life are protracted beyond the Psalmist's threescore
and ten, even though the events that chance in the comparatively long
future seethe and struggle as strenuously as those that befell in the
eager, vivid procession of yesterdays which makes up my past, my
memory's picture of this meeting will alway... |
We sat within a few feet of each other, and I looked squarely into his
eyes as he said, "You have my word for it," and they were honest
eyes--honest as the ten-year-old boy's who with legs apart and hands in
pockets throws his head back and says: "Wait until I am a man, and I
will do it if I die for it!" I looked into ... |
"Do you mean to tell me there is anything Addicks can get his hands on
which he has not yet used for his companies nor stolen for himself?"
replied Mr. Rogers incredulously."Yes, he has time and again assured me of this, and he would not dare to
lie to me under existing conditions."He arose from his chair and stood dir... |
It was 10.30 o'clock when I left 26 East 57th Street. I hurried down to
the Brunswick, where I had time only to shift my clothes and catch the
"midnight" for Philadelphia. After breakfast next morning I tackled
Addicks. It goes without saying that I was a cyclone of enthusiasm as I
minutely ran through what I had done,... |
I returned to Philadelphia deciding once and for all certain things in
regard to Mr. Rogers and others affecting the future of J. Edward
O'Sullivan Addicks; and that night Addicks and I "had it out." I shall
not attempt to reproduce our talk. Suffice it to state that when I
called for the bonds Addicks began to hem and... |
To this extent the situation had altered, however: I knew just where I
stood with Rogers, and he realized the consequences of pressing us into
a corner. I knew he would sell his company and retire from the field if
I could find a way to pay him for so doing. He knew that if he turned
the screws too hard I would as a la... |
Whitney assured me that his arrangement with Rogers was tentative,
depending on whether he could get the charter and could carry out his
other plans.After some further manoeuvring we agreed that we should withdraw our
offer from the Legislature, that Whitney should secure the new charter,
and that it should be so worde... |
[8] As a matter of fact, he did, later, in the peroration of an eloquent
address before a public legislative hearing, electrify the law-makers with:
"I here and now pledge my word, my fortune, and my sacred honor to the
fulfilment of these promises."CHAPTER XXAN AWKWARD ATTACK OF APPENDICITISIn no walk of life is that ... |
Fate had not yet tired, however, of playing shuttlecock with our hopes.
The world learned one morning of a new gas called acetylene, clear,
brilliant, cheap, and simply made from calcium carbide. It would surely
revolutionize gas-making the world over, and the company which could
secure the right to it would have those... |
Second in command was Mr. Patch, Towle's secretary and factotum, his
exact opposite in every way. Where Towle was brutally straight to the
point, Mr. Patch was as smooth an intriguer as ever connected himself
with secrets by way of keyholes and transoms. It is a Beacon Hill
tradition that for years Towle on final-payme... |
That day came at last. One by one, all in a perfectly orderly and
methodical manner, the giving-bonds-to-compel-promises clauses,
restrictive amendments and other people's safeguards had been voted down
and the "Are you ready for the main question?" having been put in both
houses, the Massachusetts Pipe Line Charter wa... |
Then, sharp and quick as a bolt of lightning, Fate, who apparently had
been camped on the trail of Bay State Gas and Addicks from the first,
let fly another of her quiver's contents. On the morning of the closing
day of the session (the one selected for the Whitney coup), there
slipped in and out amongst the Whitney le... |
[10] The charter as originally passed had gone through by a fair majority,
but to pass it over the governor's veto was another matter. That required a
two-thirds majority of both houses, and in the brief time at the disposal
of the conspirators the securing of the additional votes was wellnigh
impossible. From the nece... |
Addicks stepped from the telephone and in a "bring-me-a-finger-bowl"
tone of voice said: "Tom, come into the other room for a minute; I want
a word with you."He passed ahead of me through a small parlor into his bedroom. I
followed. He went straight to the bureau, took something from a drawer,
slipped it into his pocke... |
This line of defence having been fully organized I hurried down town to
26 Broadway. I felt certain that Mr. Rogers had nothing to do with the
Braman-Foster affair, but to satisfy Addicks and make assurance doubly
sure I determined to see him. After being with him for five minutes I
knew I had not been deceived. Rogers... |
My long experience in corporation affairs, and my intimate knowledge of
the practices which the "System" with its votaries has made habitual was
such that I was proof against shock from anything that could possibly
turn up in even extraordinary financial deals, but I was just a bit
staggered by the business-like way Br... |
"Lawson," said Mr. Rogers, looking at me with intense and deadly
seriousness, his voice charged with conviction, "if Bryan's elected,
there will be such a panic in this country as the world has never seen,
and with his money ideas and the crazy-headed radicals he will call to
Washington to administer the nation's affai... |
[13] Over a year after the publication of this statement startled the
country, John A. McCall, President of the New York Life Insurance Company,
and George W. Perkins, Vice-President of the same company and partner of J.
Pierpont Morgan, were compelled to confess that they had contributed from
their policy-holders' dep... |
The great city cock was just getting ready to send forth his hoarse cry
as I went to bed, and he was still on his roost a few hours later, when
I awoke. I looked from my window of the Brunswick across the Square, now
flooded with the pure sunlight of early morning, and all the kinks and
quirks and hobgoblins which the ... |
THOMAS W. LAWSON, ESQ.,
Boston, Mass.FEBRUARY 23, 1905._My Dear Mr. Foster_: I received your letter of the 21st
inst., and in reply will say, if I have done you any wrong
in my story, "Frenzied Finance," or otherwise, it has been
unintentional, and I regret it, and I seek this, the first
opport... |
It was a fierce session of the Stock Exchange that Saturday morning.
Shortly before closing time a new set of brokers were frantically
grabbing for Bay State stock round 10, and Monday morning, when all the
world knew that the receivership had been lifted and our company was
itself again, the same crowd continued to bu... |
And so it goes in every business but finance--finance, the most
important of all, the business into which is merged all other
businesses, the business of taking and preserving the results of all
other businesses, of all other human endeavor. Over our land to-day are
big, able Americans, long-headed and experienced, ade... |
In the height of its prosperity the Louisiana Lottery took from the
people only a paltry ten or twenty million dollars a year, while to-day
there are single groups of banks, trust companies, corporations, and
trusts which take from the people by might, by trick, and by theft
hundreds of millions each year; and there ar... |
Such things occur because the "System" has so far been able to keep the
public in ignorance of its doings. On the surface there is nothing to
suggest that a set of vampires have captured the high places of finance
and are sucking away the life-blood of the nation. Our banks and trust
companies all present a fair exteri... |
When these six organizations had been founded, the machinery for the
conduct of the business of a civilized people was almost complete. But
still one other want developed: with the multiplication of the
corporation tokens of property, it became necessary that there should be
some place where the worth of these might be... |
The utility and convenience of the "trust" having been demonstrated, it
became a popular instrument for financiers desiring to accomplish all
manner of illegal purposes. Especially was it an apt tool for the
"System," which in the meantime was perfecting its control of the
people's institutions. The owners of railroads... |
The first step toward "moulding public opinion" is taken when the
"System's" votaries send for the dishonest chief of a news bureau, a man
usually up in every trick of the trade. I will later describe one of
them, a scoundrel so able and experienced that, to use the vernacular of
the gutter of "the Street," he can give... |
The policy-holder in Wyoming knows about the steamship trust and about
the terrible loss sustained by those who invested in its securities. He
does not realize, however, that his insurance company has been buying
such poor stuff, for he is persuaded it is a great and noble
institution, and far above Wall Street and its... |
At the same time the Calumet & Hecla Copper Company produced and sold
over $10,000,000 worth of copper, upon which it earned, net, over
$5,000,000, which enabled it to pay to the people who had invested in
its 100,000 shares of stock (par value, $25), 160 per cent., or a total
of $4,000,000, and, at the same time, carr... |
As time went on, this big enterprise was more and more in my thoughts,
and I tested it in every way I knew, going over in my mind and trying
out each successive step and link until I was certain the whole
structure was unassailable. Then it became my purpose in life to launch
the venture. The difficulties of the task w... |
"We have just solved the Butte & Boston conundrum. The
enormous blocks of stock purchased during the past few days
have come in for transfer, and the management now know who
owns the bag into which all the stock they have for months
been planning to acquire dropped. We have unmistakable
evidenc... |
Before I could get down to business on the subject I had to take
advantage of five gas-talks, offering at each a few interesting and
striking facts about the metal. One day Mr. Rogers said to me, laughing
pleasantly: "Lawson, we're beginning to look for all your talks to taper
off with, 'I wish I could get you to liste... |
I did not then know "Standard Oil's" and the "System's" religion as I do
now. I had yet to learn the cruelly cynical principles that guide this
financial Juggernaut in its relation with men and things. I imputed to
it the generosity and freedom which seemed to characterize Henry H.
Rogers' personality, ignorant that th... |
"This is wonderful. You have here all there's to be known about the
subject, and I marvel how you got hold of so much inside information.""'Standard Oil' has its own way of doing things," he replied. "You told
us your copper plans would mean an investment of $100,000,000 of our
money, and now's the time, not after we h... |
My enemies were numerous and powerful, and there were many other
announcements of the same character as Barron's tending to cast ridicule
on my movement and expose me as a falsifier. Indeed, notwithstanding the
merits of the plan and the benefit it must confer on all copper
properties, I was assailed as fiercely as tho... |
At this juncture there occurred one of those strange and sad fatalities
which with its attendant circumstances helps to explain why those of us
who play with stock-markets grow superstitious. I have spoken of my
secretary, Mr. Vinal, a man of admirable discretion and absolute
loyalty, who was my right hand in executing... |
This offer I took back to Mr. Rogers, who smiled one of his thin, easy
smiles, and questioned me closely about the genuineness of the market
for this stock. Could 50,000 shares be sold readily? I assured him that
when it once became known that we were even looking at Utah it would be
easy to sell 100,000 shares and at ... |
In the meantime Utah kept booming. A week before the expiration of our
option, the price being then forty-five, I heard from Mr. Rogers again.
He gave me the most mysterious order of all: "Sell 50,000 more." Up to
that time I should have declared to any one that I was up in all the
quirks and kinks of the stock game, b... |
As I listened to the pleadings of these men there flashed into my mind a
conviction of the malignant humor of my situation. Here was I, father of
a plan in the successful execution of which I had figured myself out as
a benefactor to all concerned, turning the torture screws of "Standard
Oil's" new dollar rack--fashion... |
I have dwelt on this Utah episode because it shows phases of the
"System's" methods never heretofore made public, just as episodes which
are to follow in the narrative will develop other startling and
ingenious deviltries. But, before going on, the sequel to the Utah
affair deserves a place in the story. A sequel there... |
The time had come to reason with the heated legal gentleman, and in
plain language I proceeded to show him where he stood, the position of
the property, the public's relation to it, and his own duty to the
clients whose money he had invested in it. Under the logic of my
argument he cooled. He saw the net, and that he a... |
There was in Montana a great copper property known as the
Daly-Haggin-Tevis group, the centre of which was the huge Anaconda mine
with its 1,200,000 shares. This is the mine that Marcus Daly induced the
late George Hearst to buy and develop for the marvellously successful
syndicate of California mining operators, compo... |
"In the name of all that's sensible, Lawson, hear me out and quit acting
like a child." He stopped a second and then went on impressively. "In
looking over the copper field I discovered a number of things you failed
to see. First, that Haggin and Tevis, who own Anaconda with Marcus Daly,
have grown so wealthy that they... |
"Lawson," responded Mr. Rogers with oracular emphasis, "that is where
your business education is flawed. No man has done his business properly
who has missed a single dollar he could have secured in the doing of it.
I do not think a fair judge would find me guilty of avarice, either in
business or in the manner of my l... |
So when Mr. Rogers shifted bobbins in his shuttle and agreeably and
naturally wove fancy patterns into the woof of our conversation, I
suspected no sinister motive. Indeed, in reply to his kindly queries, I
was delighted to tell him how well I was getting along with Butte,
Montana, and the other stocks that I had been ... |
This is as good a place as elsewhere to tell exactly how fair and just
Mr. Rogers proved himself in the cutting of this particular melon, and
to explain why he had been at such pains to have me leave it entirely to
his and Mr. Rockefeller's generosity. The fifty-one per cent. of the
sales company amounted in hundred-do... |
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