Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1904-08-13
"FRENZlED FINANCE"

Larson. The articles deal with the story of
lgamated Copper. and will dvulge many
sensational matters in connection there with.
The installment this month tells the big
Standard Oil"
The "Standard Oil to which he refers does
not mean only the "Standard DIP corporation
(which deals in oil and things which pertain
to the manufacture and transportation of oil,
but a group of money-makers entitled to use
the "Standard DIP name in any undertaking
of whatsoever kind in which they see fit to
engage.
| AS indicating the varied nature of the opera
tons of this large "Standard Oil" Mr.. Lawson
takes occasion to point out that the United
Estates Steel corporation of it's creatures
and that "Amalgamated Copper" was another.
With Steel Trust methods, we of Minnesota
have reason to be familiar They were intro
duced into the state when it became part
of the theatre of it's operations. In open de-
fance of law the Steel Trust has secured a
monopoly of the transportation of the richest
iron producing country in the world. Our iron
region is within it's grip and subject to it.
This is one phase of "Standard Oil" methods
The history of the Amalgamated Copper
further illustrates them. Mr.. Lawson gives
two concise examples. "Standard Oil" went
into the copper market. 1t bought the Anacon-
da properties from Marcus DAILY for $24 100000
A short time afterwards it secured other mining
properties for $15,OOO,OOO, or $39,OOOOO0 in ALL
The whole was then capitalized at $75,OOOOO0|
and sold at that price to the confding American
public, giving the "Standard OiI' people net
profit of thirty-six millions of dollars This is
ifTH... T
8 Surely there is method i'll such madness.
u We have still another illustration, "Amalga-
mated Copper" also creature of "Standard
> OIL" and the former corporation organized, by
the way in the state of New Jersey, had cap
italization of $3.50 100000 divided into 1,550OOOj
shares of the pay value of 500 each. These
shares put upon the market and by the
def manipulation of the 'Standard Oil" opera
tors sold to the public at average of $115 per
!, share. In 1901 the price of Amalgamated had
risen to $3.50 per share In 1908 the stock went
begging at 33 per share, Before the water
was squeezed out "Standard Oil' had disposed
of all it's holdings and was using it's enormous
profits to foster other schemes. The shOrn
! lambs had to bear the loss. Mr.. Lawson has, |
therefore, it will be seen, some excuse for say
that "Amalgomated Copper has from it's birth
to the present writing been responsible for
more hell tnan any other trust financial /
thing since the world began. Because of it the l
people have sustained incalculable losses and
suffered untold mseries"
! We have been accustomed to regard JOAN d.
Rockefeller the arch manipulatar of "Stand-
ard Oil" Not so, says Mr. Lawson. The king
bee of Standard Oil magnates is Henry H
Rogers. Second in command is William Rookie
Teller. Mr. Lawson, who knows him intimately
says: "He can be fully described as man
made in the image of an ideal none maker
and an ideal money maker mode in the image
of man.
1t takes columns to describe Henry H. Rogers
I "a Dr. Jekyll and Mr. Hyde kind of man, This
mans every FEATURE" says Mr.. Lawson, "be-
speaks strength and distinction. When he
walks, the active swing of his figure expresses
ipower-realzed, confident power. When at
rest or in action his square jaw tells of fighting
power or bull dog, hold on never-et go fighting
power and his high full forehead of intellectual
power and they reinforced with cheek
bones and nose which suggest that this fighting
power has in it something of the grim ruthless
ness of the North American Indian"
Later Mr.. Lawson refers to Mr.. Rogers Eek
traordnary testifying abilities and says thai
his oath means, "What I tell shall be the truth
and the whole truth and there shall