The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1901-12-14
COPPER FIGHT WARM
The Battle Of Millions Will Be
to q Finish.
Standard OIL People Said to he Seek
ing Ruin of LAwson-Latter's Losses
Enormous - Total Decline
In shares S31, 100000.

Boston, Dec. GA crisis has been
reached in the great copper war, and
that the struggle between Thomas w.
Lawson and the men who are opposing
him will be to finish is now certain.
With his various shares pounded down
to the lowest figures yet recorded Sat-
urday, 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 certain 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
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
will rout his foes yet and make their
attack ON him an expensive affair.
Mr.. Lawson on October 12 gave out
statement that he held more than
100000 shares of Amalgamated Copper
stock, on which he had "paper losses"
of more than 100000. At that time
the stock was under 90. Taking Mr..
Lawson's own figures, that he still
had all his 100000 shares, he has lost
con paper" fully $3,500,00O since he
gave his statement out, in addition to
the 100000 actual money loss and
100000 "paper loss" he admitted
then.
Total Decline Is S31, 900, 900.
That losses, however, to spectators
in Amalgamated Copper stock upon
margins have been enormous is un-
doubtedly true. There is $155,000, 900
par value of the stock, and within two
weeks there has been drop of 20
points, or shrinkage in the market
value of $31,OO0.oO0. Lawson's pet
stock, Trinity, which sold at Al few
months ago, was hammered down to
ten Saturday, he being too busy de-
feDling his Amalgamated holdings to
offer any support to Trinity.
Rumors that Lawson had failed
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
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 indie
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
industriously sent back to New York,
and there openly stated on the floor of
the exchange" made the following
statement: 81 have not failed or as
signed, do not intend to, and have no
reason to now or at any time. do
not deny I am losing money, and los
ing it 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 something left"