The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-12-10
LAWSON A PIRATE,
! SAYS WALL STREET
OIL FATHERS SAVAGE
ATTACK UPON HIM.
Calls the Boston Plunger 'Buccaneer'
and irresponsible Adventurer'-
Nevertheless Lawson Appears to
Have the Big Men Licked-The
President Message and it's Effect
!, Waldorf Crowd Bullish-Good Things
Said About 500 Stock.
Special to The Journal.

New York, Dec. 10:-1n Wall street Thomas
Standard Oil interest and it's allies, as con
scienceless and irresponsible adyenturer. His
four-column circular of Tuesday not needed
among traders in the smaller towns: at has
been plain enough for several weeks" says the
Standard Oil organ. 'that the buccaneer who
launched and scuttled Trinity Copper, thereby
deluded stockholders, short of Amalgamated
i Copper. Hence his announcement OF couple
Of weeks ago, that he would unload 10000
shares of this stock OH a given day and hour,
and hence his most recent pronunciamento.
1.-THE absolutely irrational nature of the argu-
ments advanced in this circular would seem to
of investors upon his guard continues the ar
ticle, "but unfortunately for themselves and fol-
the maintenance of values in the stock market,
the supply of those who mistake emphasis for
evidence and glib protestations for good faith,
would appear to be practically inexhaustible.
| Lawson began his yarn by stating that from
tinuously believed in its worth and constantly
advocated the purchase Of its stock He re-
lated that in season and out Of season, he az
vocated its purchase; first at 1870 and again
after its break to 80 he counseled the PUBLIC
to buy it. Now he would have the public
believe that all these years he was wholly ant
woefully mistaken. He says that he has just
discovered that Amalgamated is only wortf
'$45 SHARE
GLOW did he learn this?" asks the writer
"a lawyer, he says, told him that the late
Amalgamated concerning the value of the prop
erty. Like all the authorities cited by Lawson
in Frenzied Finance Marcus DAILY, 1t Will b.
observed, is conveniently dead, but Amalga
mated still fourishes.
Lawson is endeavoring to hammer Amalga
mated to a point where he can cover his shor
contracts, and to accomplish this end he l
utilizing every means that misapplied huma1
ingenuity can devise, from sending out super
serviceable friends to bet on two-pont break
to circularizing the rural DISTRICTS
Such was the publicly expressed view o
Lawson and his motives, entertained by the BIZ
men pitted against him. 1t could not proven
the panic, however, and despite all said agains
him Lawson has shown the big men that he ha
a large and powerful following that they haV
, got to reckon with.
The Presidents Message.
1t is twelve years since the beginning of
session Of congress has been regarded as
, factor in Wall street. Previously to that a me-
session a matter for apprehension Ion
: in advance and business was conducted less col
dently 50 long as congress sat- When co,
the whole country felt relieved. The la!
presidents message which figured extensively
! influencing Wall street was that Of 1894
t which the governments attitude as creditor
the Union Pacific Railway was important. Flo
] lowing the defeat Of Mr. Bryan for the pres
dency, both congress and the presidents me
sage have been ignored, for nothing was to
: expected in the way of currency change,
one seriously advocated tariff alterations al
= fpractically all that could happen was some e
: largement Of the powers of the interstate COZ
+ MERGE commission. There some dispos
ton to sell stocks Tuesday afternoon lie
: President Roosevelt's message might be a
i tie insistent the subject of tariff rev1s1o
2 and also lest the trust should receive anoth
s knitting.
y The Waldorf Crowd.
The Waldorf party looks for strong and a
s tive market thro December and does not expe
s any reaction of consequence before the midd
}. of January. Reports that continue to be
q ceived every day from all important cente
n | thruout the United States are highly favorabl
" A member Of stock exchange house. who b
L recently returned from Baltimore, says that
l. was greatly surprised to see the rapidly wi
b which that city has recovered from the gre
fire. Several prominent railroad officials ha
arrived in town within the last few day
J: Among them is Oscar q. Murray, president
the Baltimore & Ohio. It Is known that
$: Murray is very optimistic with respect to t
g, outlook. Altho the information does not COZ
f. from him, there seems to be reason for I
D, lieving that the dividend on Baltimore q or
80 common will not be increased at the ne
8, period. The earnings are so large, howev'
5, that an increased dividend may be declared
that period, altho the present plans do +
seem to call for it.
. Big 500 Earnings.
It is understood that the earnings Of the
2. road for the fourth week Of November will sh
o. an increase Of IS per cent. 1t looks as
.. there will be sharp advance in the stot
#, of this company in the near future. There
reasons for believing that an important