The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-06-15

AFTER HIM WITH AN AXE.
Predictions of Thomas W.
Lawson Amusing to
the News Bureau.

The Boston News Bureau IS dLIeI
Thomas w. Lawson, the Napoleon oil
finance, with an axe, and it IS sharp
1t is particularly in reference to what
the Bulletin is pleased to term the
amalgamated fiasco." Here it is;
How to classify the writings Of the
hero of Grand Rivers is sometimes
most difficult; they range from the hui
morous to the pathetic, from the gay
to the grave. But when Punch IS
dreary, and Life" is dull, we skip
Puck" and Judge" and turn for re-
lief to our scrap book shelves and so
back one, two or three years and have
such a laugh as Punch" and Life
combined cannot afford. From TIE IN
imitable Grand Rivers prospectus, an
nouncing Grand Rivers as a place Tor
clergymen" down to the last war
whoop Subscribe for Ama.Samateo
and get 10 per cent premium there ~
here a record unmatched in f1nanc'al
literature for the most ludicrous pre-
dictions, catch-penny devices, challeh-
ges, wagers bets, charitable donation
offers, puts, calls (cats, dog and N
j.
the name of Street Finance.
The top of the file comes into view
with these predictions or catches OF
April IT, 1899: Thomas w. Lawson - j.,
bidding one-half one per cent TO c;d'
any part of the capital stock OIL Elm
River at 20 for 80 days
Thomas W. Lawson says: l
will bet $4,000 to $4,000 that Butte
goes in at over 100 and Montana at
over $40, and if my bet is taken VIII
repeat it as many times as l can Illlu
takers" -,
Thomas w. Lawson says: i VII
pay $4,000 to call 10000 Butte at w.
and $4,000 more to call lo,OOo MohIdua
at 4O5 for 20 days and repeat. ,.s..,.
These predictions were not pefofe'
but after the death of ex-governor
Flower. Was the good Mr. Lawson
seeking to guide investors less enhghI-
ened than himself?
Of course, it was all right before e =
Governor Flowers death, or on Mon
day, May 8, to open the week with q
Lawson bid of one-half of one per cent
ito call 10000 Butte. Montana, Pdrrot;
Isle Rovale. Anaconda, Arcadlan' anu
Old Dominion at 10 points above Tie
market for one week" and one PER
cent to call 10000 Amalgamatad AT Ia
for 30 days" On that day Butte "aS
50; it has since been 60 49,,
Isle Royale was 60; it has since peeit
under 40. Arcadian was 60, and most
If the time since it has been sold a
good deal lower, and as low as 4412..
These were the safe, permanent IN
vastments' that would sell for more
than double" that days prices, mat
was the date of Mr.. Lawson broad
side" when he proclaimed Amalgaml-
ated Copper as having assets, lhcluu-
ing mines, cash, etc, worth at Ied9I
St2O OOO. 900 with but $75,O0O,O 600 stock OUT
standing" and earning Is per cent, win
10 per cent. more in sight from econ
onics and from the forthcoming rise IN
silver a total of 25 per cent earnings
Never before was a % per cent. earn
ing power so quickly turned into 10
per cent. discount, and the question re-
mains unanswered as to what the good
Mr.. Lawson did with those orders
from investors" for over 100000 shares
of Amalgamated, especially as 1t mas
since been triumphantly announced
that only a very few thousand shares
have changed hands at under par.
Can it be possible that WINE MI.
Lawson was advertising Il Will bet
$40, 900 to a bottle of ink that Amalga-
mated is 100 bid, and bid all the time,
and for any amount, and that it Will
continue to be bid" and also adver-
Using the same day: Il believe the en-
tire capital of 100000 shares can be sold
at once at about present prices, that
there was some wicked partner ado
in of the selma
Perish the thought! The gas millions
Of Lawson and the oil dollars of Rog-
ers were stemming the on-setting tide,
for we read under the same date: The
demand for Amalgamated is improving.
1908 is now bid for any part of 1000
shares" Were people lulled to sleep
by these positive assurances? Mr..
Lawson has an eye to all sleeping in
vestors, as we'll as widows and or
phans, and one-lunged and wooden
legged people, for he printed it himself
that day as follows: IF any one is
anxious to sell, and so somnolent as
not to find the bidders, will tell him
who they are"
The local brokers refuse to say any
thing regarding this satire of the Bull
letin. So far as the word "fiasco" goes,
relative to the copper amalgamation,
they simply smile and say it is nom
sense to use the term.
They hold, as they always have, to the
belief that it is one of the safest invest
ments of all the great combines recent
ly launched on the market.
Many thousands of dollars went into
the treasury of the copper amalgama-
ton from Worcester, but not one of
the investors who placed them there
have, so far as Worcester brokers
know, expressed any disposition to
change the stock for cash.
Howard Crosby & Co.'S Boston Letter)