The Black Hills union and western stock review. [volume] (Rapid City, S.D.) 1904-19??, 1904-12-30
LAWSON AFTER KEENE
Author of "Frenzied Finance" Accuses
the Prince of Manipu!ators of
Makina Bio "Washn Sales.


New York, Dec, 2l.-Thomas w, Law J
son. in a sensational statement tele-
graphed to New York, declares he has
proof in personal note from James h.
<eeue. that investors We're swindled
into buying 292, 600 shares of Amalga-
mated Copper by means of wash
sales operated by Kceue from Flower
& Co.'S Offices TO the members Of the
stock exchange, Mr.. Lawson addresses
himself in this manners
Don't get ratified or illustrated, but
every man jack of You who mas
, washed Il share of certain stocks VIII
have to explain before Il commission
and exhibit To it your dirty linen. Then
the world will see not only the laundry
of the system but those who benefit
by the bunco game, aud how the whole
SWindle is run. In Amalgamated alone,
in one deal. Jim Keene washed so
much it will take my clerks weeks TO
add up the purchase and sales slps.
] The street thought it was great
joke, and it was. yes; but not to the
4 poor devils who We're Swindled into
buying the 292 zoe shares of the pool
which were worked off from Flower ~
CO.'S Office.
Lawson Says He's Loaded.
Il make it a point to so we'll loaded
in this fight that | am making, and in
I this case | array among my other
! proofs Il siX-page, long hand personal
note, which that king of manipulators,
| James Il. Neene. wrote to me-.
4 Mr. Lawson then addresses himself
( to investors and spectators. saying
/ that he reserves the right to break in
upon the "frenZied financiers' at any
time the public good demands 1t. and
4 adds:
keep your eyes on Wall streets
! 'frenzied fnanciers' and notice how
much courage they have to mark up
! prices and at the same time watch for
! the beginning of real business. Again,
/ repeat; Now is the time to do your
] thinking, not when they are all sellers
] and cursers.
1 Have YOU noticed the great influx of
4 investors in steel common and pre-
| ferred? They didn't want it at Sc or
! 81 and &c the other day, but they do at
% and So OF course, there is no swim
die in these prices. It's just the legiti-
mate rush of investors.
Has It ever occurred to Wall street
what will happen when the thousands
! of people who have light stocks,
steel, say. for instance at fctciously
made prices, learn that there have been
millions of dollars paid out in COM
missions for making fictitious prices on
the stock exchange for the sole purpose
of getting others to purchase on mis-
representations?
A Parting Shot.
Don't all rush to get together to get
your books and vouchers burned: first,
because il will make such a terrific bon
fire that the world viii see II, an, next,
under plans now formulated, it won't
do n bit of good especially since we
have such men as President Roosevelt
at the mead of the no ion, and District
Attorney jerome ut the head of the
New York city law department"
LawsCns charges against keene
mean that he has aroused a new and
great enemy in his fight on the Wall
street system and Standard Oil keene
is dreaded by the men who expose even
the most unimnortant matters in which
he has made them conlidants. His long
memory has strewn Wall street with
wrecks of men and corporations that
stirred him to battle. He has been de.
featcd repeatedly by combinations, but
every time he has, after few years
suddenly sprung to the front triumph-
ant and stronger than ever.
A Stormy Career.
JAY Gould ruined Eeene once in &
grain deal That was years ago bu1
Gould stocks have hardly even today
recovered from the furious hnmmerint
they later received from the angry bea,
leader The late w. c. Whitney once
offended Eeene and Whtney's pc
banking corporation, the State Trus
I company, went out Of existence shor
time after Keene began his assault!
} upon it.
Keenes great Southern Pacific poo
was deluged With a flood of stock from
the Union Pacific offices. Keene los
: ! millions and his son-in-!aw, Talbot ]
Taylor was forced to make an assign
ment All Wall street went into retire
ment when Taylor shut his doors atlt
for more than Il year the stock bex
change did not do enough business iron
brokers to pay office rent. But atlas
Taylor resumed business and Keen
t was found in charge of the stock mar
ket Business returned and big me VIII
: had made their peace with keene Wer
8 able to breathe easy once mere. IT 4
. the triumphant keene--keene stron
$ and in the ascendent after scores Q
3 battles whom Lawson has deligeratel
challenged Wall street expects a figh
5 that will shake the foundation of thing
Y in the street.