Evening journal., 1903-08-01
BAY STATE CAS-
AND COPPER TRUST
CONTINUED from First Page)

Brookline Gas Light Company. in
Massachusetts. extending its mains
into the Boston territory. and cutting
the price of gasln Boston from $1.25 TO
81 per thousand feet. Addicks finally
capituated, and Rogers became trustee
for the Bay State Gas interests.
He gave one Thomas w. Lawson,
of Boston, an option. practically at
cost. upon the Brookline outfit. The
option expired i'm the Bryan panic, and
then A. c. Burrage sold the outfit for
the account of Mr.. Rogers to Henry NJ.
Whitney at a profit of $3,O0O,0O0 or
S4.O000O0 and received S25O,O0O from
Rogers as his compensation for the
sale.
Questioned on His Trusteeship.
"Mr. Rogers is now defendant in a
suit by the receiver of the Bay State
Gas Company. of Delaware, to account
for three or four millions of profits in
this transaction made while he was
trustee for the Bay State Gas interests.
Mr.. Lawson attacked Mr.. Whitney
to make him drop his purchase, and
the Legislature of Massachusetts was
put i'm a state of turmoil by the fam
Gus Lawson campaign. and compelled
to listen to Lawsons denunciation of
all his opponents as liars, thieves and
blackmailers. Mr.. Whitney held his
ground. and Lawson had to seek his
compensation elsewhere.
HE began a speculation in the
Butte and Boston copper mine, which
had lost millions OF dollars for Boston
investors. He became an owner of
majority of 100000 shares of capital
stock, and then was sorely pressed for
cash Mr.. Rogers was appealed to,
and he and his associates took over a
majority of the Butte and Boston
stock at $50 per share. formed the
Amalgamated Copper Company, and
when Amalgamated Copper was selling
at S12O per share issued an equal num-
Der of Amalgamated shares for the
100000 Butte and Boston shares.
Gas Company Speculates in Copper.
Now comes the interesting revela-
tion. Papers just filed in the litigation
i'm Boston allege-and this is the de-
fense of Thomas w. Lawson-that the
Bay State Gas Company. of Delaware,
was partner in the Butte and Boston
speculation.
Tt was always a mystery as to
where the Butte and Boston stock
could be carried. and there were al
ways suspicious that il was the Bay
State Gas treasury and its sales of
capital stock from it's unlimited share
capital.
Now what men whispered under
their breath and were threatened with
/ libel and all sorts Of litigation if they
dared to say II openly. is spread upon
the records of the court by defendants,
Thomas w. Lawson and Lawson, Wei
denfeld & Co.--the buyers of Butte and
Boston stock and the sellers of the
Bay state Gas shares from the Bay
State Gas treasury.
1T was the Bay state Gas Company,
of Delaware with it's unlimited capital
and irresponsible managers. that was
responsible for the Butte and Boston
/ speculation which was the foundation
of the Amalgamated Copper Company.
Gagged at Last.
But the paper corporation that
winged its flight from Capitol Hill, in
Delaware, as the result of the first Ad-
dicks Senatorial contest, has been
Gagged at last. 1t appears to have run
its course 1t has been receivershipped
for the second time. This time the
court refused to appoint the nominee
of either litigant, but appointed an in
dependent receiver, and this receiver
has proceeded to look after the inter-
ests of the corporation with efforts
that promise the most interesting
revelations that have been made in
American political financial and in
dustrial corporation history.
THE only question that arises is,
can the receiver or the court be sup
pressed or checkmated? The first
movement that looks in this direction
is the publication of a so-called reor-
ganization plan for the Bay state Git
Company of Delaware, fostered by the
very people the receiver declares he
s is pursuing for an accounting to the
$ company and who, If he is successful
= may have to make restitution to the
p corporation.
Stupendous Audaoity.
"The audacity of this so-called reor-
o ganization plan is stupendous. It says
! to original holders of Bay state Gas
shares who bought their stock, som'
4 of it at par, or $50 per share wher
there was only s5.OOOOO0 Of this stock
covering the equity i'm the Boston ga
field there is now not S5,OOO,OOO of thi
e stock, but $685.. 100000. or 4,710,00
shares, and we invite you and the othe
a people who have bought this stool
n from an unlimited tap TO give u
81. 900. 600 Of your cash and your origi
= nal certificates. and we will put you
certificates and cash In one pocket am
give you from another gaseous concer
called the United States Light an
It Heating Company, organized TO manu-
facture apparatuses for transmittin
power from car axles to generators
+ " For your $1,OOO,O00 of cash 70
~ viii have an interest in a S26,OOO,00
n, paper concern instead OF a S235,00O,00
at paper concern with $53 Of assets
p IF this alleged reorganizatio
rs scheme is successful. what is to pre-
er vent the Bay state Gas managers b
ce themselves, or their nominees, appear
ing before the court with the reque'
IS that all suits against themselves I
he discontinued by the receiver. as the
he no longer wish the court TO prosecui
n. themselves for the beneht of stock the
Fir again represent"
'e St.00-Baltimore and Return-$1.o
via Pennsylvania Railroad, August
.h 10 and 80.