Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-04-29
Copper Magnate Resigns From
His Firm and Begins Oil
Litigation
WAR ON STANDARD OIL TRUST
Lawson Explains the Latest Step in
His Fight With Henry Il. Rogers, of
the Standard Oil company-WE
Help the Public to Regain Its Own
Firm Name Will Not Change.

Boston, Mass, April 23.--InOmaS w.
Lawson, the copper magnate, cleared
the decks for his fight With the Stand
ard Oil interests by resignng yester-
day from the firm of Lawson, Arnold 4
Co. AS the rules of the New York and
Boston stock exchanges prohibit his
method of fighting. he resigns from the
exchanges by resigning from the firm,
and thus becomes free lance.
Mr.. Lawson issued letter explaining
his action In an interview ne said his
purpose in attacking Henry III. Rogers,
of the Stanuard OIL Company was to
secure the return to Analgamated
stockholders OF S92,ooOoOO, which he
claims was looted by the Standard Oil
interests.
Firm Will Not Change.
The firm name Will not be changed
and the firm will continue to be enroll.
ed in the membership list of the two
exchanges. Mr.. Lawson's money will
remain in the firm at 5 per cent inters
est, but otherwise he will have no di-
rect connection with 1t, save to transact
business thru 1t and pay it the usual
commission.
The rules of the exchange forbid is
suing advertisements or circulars which
contain criticism OF other members and
restrict the member to a dry routine
which apparently was not agreeable to-
Mr.. Lawson in his present frame Of
M ~ ae.d fNf ha
firm and issued such advertisements
or circulars, the probabilities are, he
would be expelled, as he was warned
several months ago to desist from his
line of action. Expulsion would affect
not only himself personally but also his
partners.
To simplify the situation therefore.
in justice to his partners and in fair
ness to his relations with the stock ex-
change, he yesterday made announces
ment of his resignation. The announce
ment is printed on the engraved letter
heads of Lawson, Arnold e Co, and is
dated April Is. 1t reads in part as
follows:
"The rules OF the stock exchanges
forbid that degree of publicity which at
=
order to carry on my contest against
certain interestss The exchanges are
entitled to make their own
rules for the best advantage. as they
look 1T it, Of the greater number of eN-
change members. So long as anyone
remains a member of the exchange he
is not only bound but ought to be bound
to follow the rules. However, these
rules now seem to me to conflict with
my duty to myself and to the public.
l. voluntarily, and without suggestion
of either of the exchanges or OF any
other persons have determined to with
draw, solely for the above reasons, from
the firm of Lawson, Arnold & Co., and /
so do this day."
= FIGHT For s2,ooo,o 900.
Asked for a Statement concerning the
latest step in his fight with Henry H..
Rogers Mr.. Lawson said:
.My Withdrawal from the firm means
1 viii be busy for the next few weeks.
months or years trying to Induce the
Standard Oil and the City Bank % Re
turn to the Amalgamated stockholders
and original subscribers their $66,00O,-.
900 and $4,000. 900 and want to be In
easy working shape and run no r1sK OF
placing any of my friends or associates
in position to be punished.
For years the public has been told
about what the Standard Oil Interests
have done in the past, and how they did
it, and the public has been interested,
and the Standard Oil men have chuck
led 1t Is my idea to show the public
what the Standard Oil Is doing now,
and how it can no longer do 1t in way
that will interest the Standard Oil and
allow the public to do the chuckling.
...Times are queer. The men who have
made them are queer too. ana the re-
suits OF both are even queerer. An
Client history shows that under just
these conditions the people, the orai !
nary. everyday, plain people, may fall
into their own. and being an earnest
believer in ancient history | thought
would take time by the minute hand
and get my affairs in shape to lend the
everyday, plain people, who, by the
way, have been robbed on sAmalgarnat-
ed a little gratuitous assistance in fall
ing into their own"