Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1901-12-13
COPPER FIGHT WARM
The Battle of Millions Will Be
to a Finish.
Standard OIL People snid to De Seek
ing Ruin of LnwsOn-Lattcr'sL Losses
Enormous - Total Decline
in shares S31,OOO,OoO.

Boston, Dec. "a crisis has been
! reached in the great copper war, and
4 that the. struggle between Thomas w.
Lawson and the men who are opposing
him will be to a finish is now certain.
With his various shares pounded down
to the lowest figures yet recorded Sat-
Nrday, Lawson weathered the storm,
But what his fate will be to-day no one
can predict. The forces fighting Law
son are said to be the Standard Oil in
terests, but whether or not this is so
1t is certa,l that men connected with
the big company are leaders in the
| raids on the Lawson stocks. That they
| will continue their efforts to bankrupt
! him to-day is assured.
Mr.. Lawson himself, the storm CEN
I ter of this battle of millions, is conf
dent as ever. He insists he still holds
his original 100000 shares in Amalga-
mated Copper and will continue to
hold them in the face of all attacks.
Much anxiety prevails regarding the
outcome of to-day's struggle, many
predicting that the noted financier,
yacht builder. race horse owner and
copper king is near ruin. Friends of
Lawson deny this and predict that he
I will rout his foes yet and make their
| attack on him an expensive affair.
Mr.. Lawson on October 10 gave out
a statement that he held more than
| 100000 shares of Amalgamated Copper
| stock, on which he had paper losses"
| of more than S4,OO0,O0O. At that time
! the stock was under 90. Taking Mr..
I Lawson's own figures, that he still
! had all his 100000 shares. he has lost
! ''on paper" fully S3,5OO,OO0 since he
gave his statement out. in addition to
the $3.000,000 actual money loss and
S4,000,000 paper loss" he admitted
then.
Total Decline Is S31 100000.
That losses, however, to spectators
in Amalgamated Copper stock upon
margins have been enormous is un-
doubtedly true. There is $155.O0O, 900
par value of the stock. and within two
\ weeks there has been a drop of 90
points, or shrinkage in the market
value of S3l.OOO.0OO. Lawson's pet
stock. Trinity, which sold at Al a few
months ago. was hammered down to
ten Saturday, he being too busy de-
Tending his Amalgamated holdings to
offer any support 10 Trinity.
Rumors that Lawson had failed
u were industriously circulated on the
! exchanges at New York, Chicago and
Boston. but he declares his ability to
\ carry the fight to the end and win
I with money to spare.
Lawson asserts that the attacks on
| him come from Wall street clique
inspired by personal animosity. He
says his building of the yacht Inde-
| pendence as a candidate for defender
of the America cup brought upon him
the enmity of New York Yacht club
members who are powers in finance.
Lawson Issues Statement.
When the stock exchange closed Sat-
urday afternoon Lawson, angered by
reports of his failure, which, he said
have been ''ingeniously invented in
|, Boston, secretly sent to Chicago, and
L industrious!y sent back to New York
and there openly stated on the floor OF
the exchange" made the following
\ statement: II have not failed or as.
signed, do not intend to. and have nc
reason to now or at any time. l dc
not deny | am losing money. and los
ing ii in Chunks but have it to lose
and when I get through will have
( enough money left to buy at their
estimate and resell at mine those
! who are circulating these statements
and still have some thing left"