The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-12-07
LAWSON'S WARNING.
Urges All Holders of 'AmaIgamated'
to Seek Shelter From Storm.

| New York, Dec. Thomas w. Law
| son publishes three columns of warning
to Amalgamated Copper stockholders as
! an advertisement in New York and Bos-
| ton newspapers, from which the follow
ing is an extract giving the gist and
| purpose:
'F'renzied Finance stock gamblers
| have accumulated immense lines or
Amalgamated. The same sensational
rumor of a great rise to come will flood
| Wall and State streets as in 1901. They
| have asked me to join in creating a
wild market, upon which all the Anal
| gamated taken in at lowest prices may
be turned out on the public. 1t would
be millions in my pocket to assist,
| but
Il see the handwriting on the wall
which the 'F'renzied financiers' of Wall
street do not see. 1t reads: The people
will not stand plundering any longer
| And 1 have decided. 1 advise every
holder of Amalgamated stock to sell his
holdings at once before another crash
! comes. Another slump may carry it to
| SO again or lower. 1t may go higher;
but this is no affair of mine. From the
moment of the publication of this notice
all those who have looked to me for ad-
vice must relieve me of further respon-
sibility
LAS the people who look to me for
advice are scattered all over this coun-
try, 1 know of no other way than this
to simultaneously notify them of what
/ have learned. II the powerful people
who manage and control Amalgamated
and who. after selling it to the public
at 100 a share, allowed it to sink to
| 76 and after it had advanced to 100
smashed it to 49,. regardless of their sa-
cred promise to me and the pubic
through me, now reveal to me that 1t Is
not worth over 45, it is inevitable that
| if they are honest in what they say the
stock must go there of it's own weight
If they are not honest they will put 1t
there anyway and lower still.
Il would have waited until the reck-
| less Spectators who are now manipu-
| lating the market had put the stock
higher but 1 did not dare. During the
past two days 1 have detected unmis-
taxable signs that the vultures are
gathering for the feast.
I'm the past I have sold what l
thought L knew about Amalgamated;
from today 1 shall tell what the men
who control and manage Amalgamated
say they have found out about it. NO
stockholders should, after this fair no
| tice, object or accuse me OF trying to
| injure the property, even though be
compelled to begin court proceedings
based on this information so lately re-
vealed to me. This advertisement and
my mailed notice will appear in New
York and Boston Tuesday, December g..
| in the eastern and middle portions OF
the United States Wednesday and the
balance of the country, Canada and
Europe Thursday and 1 shall wait until
Friday that all may have ample time
to dispose of their stock if they care to
before making my next move. Every
holder of Amalgamated must keep be-
| fore his eyes this one tremendous fact:
His property is now absolutely at the
mercy of men who have the market IN
the hollow of their hands and who in
| the past have raised this stock to the
highest and then dropped it to the low
est without heed or concern but for
| their own personal interests"