The Providence news. (Providence [R.I.]) 1891-1906, 1903-11-11

ATTACKS
CARNEGIE
WAKES Sath|eaI In Letter 10
Wall Street When Speaking
Of Steel Mans Gifts.

New York, Nov. 1i.-Thomss ". Law
son. the picturesque Boston speculator.
who developed the lawson pink, built the
Independence 10 sail for the Americas
cup and afterwsrd consigned her 20 the
junk-heap because the New York Yacht
club would not let him sail her In his
own name. and who IL continually before
the public In various novel ways. as
tonished Wall street Monday by send
Ing out a letter 10 prominent Wall street
men attacking Andrew Carnegie for the
part he played In the formation of the
United States Steel corporation.
The attack was considered in Wall
OF the fact that Mr.. Lawson is an ally
of Henry II Rogers, James Stilman OF
the National City bank. and others Of
the so-caled STANDARD on" crowd. who
1oated the Amalgsmated Copper COM
pany, the collapse OF which securities
brought great distress two years ago Ia
small investors throughout the country.
Mr.. Lawson opens his attack on Mr..
Carnegie with the following ultimatum.
which purports TO have come from Mr..
Carnegie himself:
When I'm the course OF human events
II becomes necessary for hardworking
ironmonger TO supply reading matter TO
the two greatest countries on earth, IN Is
the duty OF all investors. spectators. and
get-rich-quick warriors 10 give 10 the said
ironmonger the requisite wherewithal.
Therefore I. the philanthropist OF Home
stead do now and forthwith demand OF
said investors, spectators and get-rich-
quick hustlers a sum which shall amount
In the aggregate to 5000 600 Yankee dol
lars. and may the Lord have mercy on
the souls and pocketbooks of the Ameri-
can people II too much time is consumed
by the messenger boy who Is TO return
with their answer 10, yours truly philsn-
thropically, CARNEGIE,
NOTHING OF THE SORT.
Mr.. Lawson then proceeds as follows:
The howl that has been resounding
through wall street the past few days.
for the Homestead phianthropist 10
come forth with slo.po6o to stay the de-
cline in Steel stocks and thereby balm
the lacerated hearts and minds OF the
thousands upon thousands of widows and
orphans who have been cooed into invest
ing their all In his cation, Is not only
idiotic but insulting TO Mr.. Carnegies ea
intelligence--sl0 900 600 to be paid out for
the froth upon the foam resting upon the
lake of water which covers his ledge ot
underlying mortgage, when this No,oo0.oO
would buy-oh, so many, so many works
OF imagination. observation and lunif1ca-
ton as would compel miles upon miles OF
press notices--absurd'
And Wall street can rest easy that this
big hearted Yankee Scot will do no such
foolish thing Wall street could much bet
ter employ its time In pointing out TO the
widows and the orphans who are being
passed through the publication and lique-
faction state so necessary to Wall streets
bends held by the Homestead philanthr'o-
pist, that they may be getting into line
for their purchase when. after the present
holocaust is over. Mr. Carnegie, kindly
and big ig-heartedly, places them upon the
bargain counter.
Anyway. Wall street owes II to itself TO
do all in It's power TO disabuse the minds
OF Steel stockholders that there is any
chance OF their sliding any part OF their
Indisnretions on to the broad and gener-
Gus shoulders OF the philsnthropist of
Homestead: and Wall street certainly
owes IL 90 the free-library public TO do
all that lies within It's power TO allsy any
feeling OF n,strust that may have come
into being because OF Wall streets trifiing
with Mr.. Carpegie's Steel lakc--mistrust
that he will even for n moment halt In
his noble effort 10 hammer into the skulls
Of the people OF America and Scotland:
Retter far than rising prices,
Better, too. than dividend.
Are the libraries you're a-getting
With your lucre which l spend
THOMAS w. LAWSON.