Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-12-08
FOLLOWS LAwsoN's FIRST MOVE.
He Threatens to Throw Copper Com
pany Into Receivership.

The New York American today, In a
lengthy article on the panic In Wall street,
declares that Thomas w. Lawson an
nounced last night that he would apply for
A receiver for the Amalgamted Copper Com
pany and substantiate every statement ne
had issued in regard to the great Rookie
Teller trust. He added that he was placing
advertisements In Europe and America Tor
publication today that would bring a crisis
In the stock market. He was delighted.
he said because he had caught the "fren-
zled flnanciers'' off their guard In their
manipulation Of copper and steel stocks
L.awson's announcement came after DAY
of wild excitement in Wall street. Panic
reigned among Amalgamted Copper stock
holders. Sugar pools were smashed. and
the price OF that gambling stock went
tumbling II was reported after tho close
that the steel trust shares would be at
tackled today, and much excitement devel-
oped In that quarter of the market.
In brokerage houses crowds of men and
women pleaded with brokers to sell their
stocks, but there was no market at any
price for many of the issues with which
the lambs had EorHed themselves. Brokers
were ten minutes behind with orders all
day, and at the close there wins enough
business In hand to keep them busy half
an hour. 1t Is feared this will cause Wild
In the bucket shops, of which scores have
been opened In Wall street ths last six
months there were crowds of :pale-faced
gambers-both men and womeL-bemoan-
ing the loss of all their money The pro-
prietors of these shops were happy, for
they have made enormous SUMS the last
week.
About the hotels last night biz operators
gathered. quietly happy. for 1t developed
that most OF them were out Of ttocks. and
welcomed smash. James r. Kaene sat in
his favorite corner at the Waldorf-Astoria.
receiving the homage of his followers Mo-
body seemed to be worried but the "cus-
TONER'S
1t was reported that the Standard OH
party had been unloading stocks ever since
the election. preparing for a battle with
President Roosevelt and that tile smash
was welcome at No. 20 Broadway. No
move was made there to stay Lawson's
hand. Some reports were that he was be-
ing used perhaps innocently, by H. H.
Rogers. to rouse the country to q realiza-
ton of what fight between Roosevelt and
Standard Oil would mean.
Lawson'S enemies put out many ugly re-
ports. One was that he had been paid by
the Bucket Shop League to break the mar
ket Another. that he would probably be
arrested for threatening a receivership for
Amalgamated Copper. Lawson was master
all day Even his worst enemies admitted
that
Il want Just one word with the American
lawson. in a statement teiegTapr e from sa1n
Boston to the American last night.
A stranger in Wall street today would
think. from the gnashng Of tea:h of its
frenzfed fnancferS' and the deep curses
they are hurting at me that 1 had done
some one wrong Let Wall street make
no mistake. / made up my mind after the
shaking down it gave the American people
snort time ago. when 1t loaded tlem with
hundreds of millions OF Anal gama.ed Steel
and other made-to-order securities and then
dubbed them into insensibility, that If 1t
was In my power 1 would nip the frenzed
hnancers on their next trip.
II mas been no easy task to 1ull them
to sleep and catch them off their guard
but l think 1t has been accomplished. and
the people have been able this time to
exchange the watered chromos for the
frenzied fnanciers' cash. Anyway. If thew
have not all done so, 1t is through no fault
of mine.
i have given my time. energy and a
large amount of money spent in advertis-
ing to let good sunlight into the dark
places. Two illustrations-the country has
been covered by the frenzied tinanciers'
press agents from one end to the other,
ana Europe, too, to show the wonderful
Things that were going to happen in Steel.
ana every man who ran into an Amaiga-
mated insider was earnestly told that
Amalgamated was going to ITO in the next
twentyfour hours"
New York Broker Suspends.
NEW YORK. December s-W. E Badeau,
one of the officers of the consolidated stock
exchange, has announced his suspension.