The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1904-12-27
MATERIAL FOR A
LAWSON CHAPTER
On "Frenzicd Finance Can Be
Found in Trenton
REVELATION IN STORE
AS TO HOW AND WHERE ROGERS
OBTAINED VAST RoL olNcs
or STOCK I'M AMALcA.
MATED COPPER.

New York, Dec 2G Material for a
! chapter ON 'Irenziel Finance" may
No gathered from the records Of the
ahanecly court end the coufs of or
rors and appeals in Trenton. N. l.
that would reveal some Of tie mefl
Ills of what Tdomas w LAWSON calls
THE system ard throw light on tho
revelation made by The Bostan lnan-
cior and confirmed b. James r.
Keene that ihe latter sold $la,ao9. .001
9l Amalganatol Copper stock for
Henry II. Rogers. the former prcs'.
dent Of the company. Incidentally in.
tiating the stock % a point where the
public relieved the Standard OH man
Of his tremendous ho dlngs.
Then, 100, the chapter may reveal
wber@ Mr. Rogers oh aimed the vast
amount Of copper stock he may have
held carly Ia 1891 and which he Il
said to have sold between the middle
of March aad the eal of June, when
the glc in the inflated balloon began
10 leak and that airshlp dropped low
or and i6For until 1t ouched TIE 30
level
Tho Amalgamated Copper company
yas incotpora ed at Trenton, n. I.
lpr'l 81, 1889, tho first directors be
ng The late Marcus Daiy. Tsol ert Pa
IN or J. p. Mrgan and company
Frederick 2 Ocott, president Of tho
Gentral Trust company OF New York
the late Roswell p Flower, William
=, Rockefeller cf the STANDARD OIL
Company, Mr. Rogers anl A. G. Bur
rage, a Now York corporation lawyer,
Who has since ac cd as counsel for
he Analgamated Copper eonpTny.
The capital Of the new cooperation
vas s75,000.000 divided into $50. Doe
shares of SiO0 each. The entire cap
italization was utilized In acquiring
outright or gaining control Of nine Of
he great producing copper mines and
the reducslon pants connected wita
them. s..a
with ~ ~r~, '-~~rtr9 of,-.she
cor eorts ~hio'i 81 ~ arheanced bss
the prone err. votJ ri to+ba n
trust to control ,sc copper output ofl
the world began the meth. ds b.
which thousands lost heavily May 4.
1899, the National city Bank received
subscrip icns for the sock of the cor
pany at par and prospective investors
we're told they had better subscribe
for five times the amount they want
ID as there was sure to be a grea'
over subscription
This failed o draw any big inyest
2rs Then the fnancier became
frightened If the allotments were
made as subscribed for they argued
many had subscribed for five times
as much as they could pay for, a
panic might ensue Ac
cordingly. only $15.000000 was given
% the small inve..ors, the underwrit
ers having TO bear the brunt Of the
ourden. To do so the finane 'ars. II il
asserted. had to dump millions of dol
'ars wcrth Of other stocks on TIE mar
ket to raise he necessary money
Within a week The stock Of be Anal
had dropped 10 81
The next development came in 1921
when the shareholder Of the Butte
aud Boston and tle Butte anI Mon
tana Mining company were asked g
deposit their shares with Ili der. Pea
body and comprny of Boston for ex
change for Amalgamate1 tocs or
cash
Injunction is Brouah.
No sooner was announcement made
)f This than Calvin O. Greer who, t.
was said. was really backed by the
Heinzea of Montlna, brought injunc
ion proceedings against The officers
and directors of the Amslgamatel TO