davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-31
Mclean Beats Moran and Walthour.

Cambridge May 30-Louis Netting of
jamaica Plain. won the D-mile motor
pa ccd bicycle race at Charles River Park.
this afternoon. the other contestants DO
ing William c. StinsOn of this cit. and
Hurry Caldwell of Manchester n. ii.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-31

Prince Oscar Bernadotte, OF nc or
and Norway. who recently maue forence
ening address at the world co .seocia-
of the Young Mems Christian - elected
ton at Paris. and was afterWaIo NJ King
vice-rrcsiGent. is the second SUI
Oscar
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-31
NATIONAL LEAGUE.
National League Standing.
Afternoon.

Boston, May 3O.-Philadelphia won
pitchers battle, this afternoon, to /.
Eoth Corridor and Young pitched good
ball, especially the former, who would
have blanked Boston but for Doolin's
throw into the bleachers in the ninth on
which Sharpe made the circuit The score:
pHJJADEI PHJA
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-31

After trying in vain to escape Jury luty
Mrs. Mary j.. Ltplet, of Cripple Crock
Colo. was chosen forewoman of q jury
that tried Il divorce case there. She was
the first of her sex in Colorado to serve
in that capacity
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-31
AT PITTSBLRG.

Pittsburg .....1 l 0 0 X-9-12-2
ST. Louis ......0 0 3-3-lO-2
Batteries-Lcever and PETIT; Taylor and
Warner, Zearfoss. Time. 1.i5. Umpire,
TOMBSTONE. Attendance. 11,2J3.
AT NEW YORK.
New York ...O 0 O-3-f--
BROOKLYN .....O l 0 0 1-46-3
Battcries-Wiltse and Bryand. Bresna-
han: Stricklett and Bergen. Time. 2.1a.
Umpircs. Eauscwine and Klein. Attend
ance, 30.oOO.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-31
h Forenoon.

"a
AT NEW YORK.
New York IL 0 2 0 0 X-1-11-3
Brooklyn ......O l 0 o. so
MISUNDERSTANDING and Bowerman
Scanlon and Ritter. UmpireS, kleln and
Bausewine.
AT PITTSBURG.
Pittsburg ......1 0 X-6-?-o
st. Louis. .......0 0 U 0-o-S-2
Ratteries-Case and Carisch: Nichols.
Egan and Warner. Umpire. tombstone.
AT CINCINNATI.
Cincinnati .O 0 0 0 0 0 Co.,
Chicago ..O 0 0 o 0-1-I-1
Walker and Schlei; Ruelbach
and O'Neill. Umpire. Emsle.
AT BOSTON.
Philadelphia .O 0 6 0 3 0 I'll
Boston ...........2 0 0 O. )
Ratteries-Pittirger and Kahoe; Fraser
and Moran. Umpire, O'Day. Attendance.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-31

The Czarina has just given her little
son his first TOYS a couple of little man
multiplying eggs and the nests or boxes
long familiar to American children.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-31
Ahearn. Time. 25. Umpire, McCloud
Attendance 1900.


AT HAVERHILL.
Hayerhill .3 0 0 IS
Lynn .....O o 0 l O.
Batteries-Conno!lya and Ahearn; Labelle
and Daum. Umpire, McCloud. Time, 1.59.
Attendance, 200
AT CONCORD.
Manchester ........1 VI
Concord ..O 0 0 Il
Notwithstanding and Cote; Slime and
DuSEan. Umpire, Brady. Attendance,
1900.
AT NEW BEDFORD.
New Bedford. o 0 @ 0 u 81
Fall River 80 0 0 0-rlo-t
Ratteries-Elliot. I<lobedanz and Bur
rill; Harris and Sullivan. Time, 20 I'm
pire Irerins Attendance, $500.
At Nashua-Nashua, 4; Lowell, ;.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-31
AT CLEVELAND.

Cleveland .O 0 0 0 0 -1-6-1
St Louis .......O o 0 D y 0 0-O-4-2
Eatterics-Joss and Eemis; Howell ana
Nca.cr Time 1.40. Umpire. OlnuGh-
lin. Attendance. 14.1:2.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-31
AT CHICAGO.

Chicago 2 0 0 0 0 o. SO
Detroit .........0 0 0 0 1-3-l2-5
Batteries-White and Sullivan: Mullen
and Doran. Time. I'll. Umpire Connolly.
Attendance. 1853.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-31

Sacrifice hit-Thomas. Two-base hit
Doom. Stolen bases-Magee, Bransheld.
Double Observation-Disclosures and Wo!ver-
ton: I.auterborn and Tenney. First base
on balls-Off Corridor. l. Struck out-Ey
Corridor. 5; by Young, 4. Passed balls
Moran >. Time. LIZ. Umpire. ODay.
Attendance, go.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-31
Forenoon.

At Newark-Jersey City, s; Newark, e.
At Buffalo-MOntreal. 1; Buffalo. j.
At Observation-Disclosures 4; ProVi-
dence, 3. :, ,r,to n
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-31
1T NEW BEDFORD.
EASTERN LEAGUE.
Afternoon.

Art Observation-Disclosures, Z; Balti-
more, 3. , a
At Observation-Disclosures. !; Rochester, y.
AT B,iffaIo-Buffalo, 4; Montreal l.
At Jersey City-Jersey City, 3; New
,,,l-
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1905-05-31

| *Batted for Young in the ninth.
| Philadelphia .......0 l ] q.
| Postop ..-0 o O O 0 II
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1905-01-18

New York.-Thomas W. Lawsoa's
war upon the System" is but begun
At the outset it seems an unequal
struggle. lawson is a man in the
prime Of life, possessor OF a number
OF unusually nimble millions, but he
rs apparently without close allies. He
stands alone.
Lawson has in the past advertised
himself by his lavish expenditures, al
ways with the name of Lawson" blown
in the glass. He paid $4,000 for a new
kind of carnation; he has owned some
of the finest horses in America; he built
a yacht to defend the Americas Cup,
and when he quarreled about her with
the New York Yacht club monopolists
VINO manage the cup contests, he broke
her up and made medals out of her
bronze for presentation to the public
Lawson is generous, prodigal-yet d
Yankee
The System" Is hydra-head For
Mr. Lawson's purposes it is led by
Stapdard Oil-that little knot of
financi' rs who, beginning with $780,
600 refining plant in Cleveland, have
encircled the world with a power be-
side which the Rothschilds' is a toy;
who have as secure a grip upon the
oil trade of Japan as of the United
States; who with their German allies
control the oil trade Of Germany; who
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1905-01-18
Why Tom dawson Is After The Money
Powers OF Wall Street.
HAS A GRIEVANCE AGAINST "STANDARO OIL"
In the Fight The Bucket Shop" Men
altiS OF the Men on Both Sides - The War Is Just
IeguE---A Public.
BY AN EX-BROKER.

leaving them. Cromwell must have
lad such presence.
Yet an agile fencer who isn't afraid of
Presence may lure an impressive man
to defeat. Corbett defeated Sullivan,
for all his eye of set purpose.
Chiefly, Lawson is after" the
Standard Oil people, for reasons. In
cidentally, his attack will injure 9TH
ers whose methods are similar. First.
the Morgan group; after that, the
groups of minor capitalists allied with
the one or the other
Take New York as example. With
all the vast increase of business in the
city, there are fewer national banks
than 20 years ago. Far fewer big
ones in Wall street. For practical
purposes, there are two groups of al
lied banks-the Morgan banks headed
by the Bank of Commerce, and the
Standard Oil banks, headed by the
National City, with Stillman, father
in-law of a Rockefeller, as it's presi-
dent. These banks are closely allied
with the trust companies, in which the
same men who control the banks ap-
pear again as directors Thus a few
men control the loaning power in the
market. By calling" in loans they
can at any time produce "break"
in Wall street. By furnishing money
at low interest-your money AID mine,
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1905-01-18

Ito great international concerns like
Kuhn, Loeb & Co. and the Speyers.
Is he now Lawson's enemy? Ally of
course he is not That would not do.
But-enemy?
l only know this: Day after day
Lawson was tipped off, by the bears
as about to attack Steel. The tip was
never good
For Lawson's purposes, Steel is not
so vulnerable as Copper Its strength
Is in its admirable reports Anyone
can know at any time how badly or
otherwise the company is getting
along. There is no mystery. Amalga-
mated's management Is secret. cir
cumstance more favorable to bear
raids than to bull operations. The
thing is ION a two per cent basis"
That is all we can know about it, but
conjecture may busy itself with the
actual value of property sold by
shrewd Marcus DAILY to the Standard,
vastly watered by these hydraulic ex-
perts. sold to New England school
marms at 100. subsequently beared
to away below so. a month or more
ago up to sc again. What is it worth?
Who knows?
Lawson Has Gilt It Right"
Lawson has chit it right" That is
why he has the car of the public.
Seven months magazine articles have
been merely preliminary to his main
attack. They were like the patent
medicine mans ''patter" on the street
before he sells the Universal Pain
Eradicator. He is getting attention.
He was only getting attention when
in early December he broke the mar
ket" and tipped over applicants care
fully loaded for months
There is useful myth in Wall
street, called REIMBURSEMENT" 1t is
very simple. Most dividends are pay
able January l and July 1, and lambs
are kept aware of it. They are told
that at these periods rich men who
draw large dividends always reinvest
part of them, which drives prices up.
AS If rich men were so fond of paying
high prices instead of waiting a few
days! The plot was made to unload"
on the public this December on the
old cry of ''re-investments" They
were to be dragged in to buy in De-
| cember in anticipation OF January
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1905-01-18

mainly bulls and it is his business
sweet business!-to break them. Nine
customers out of ten are loaded up
on the long" side, with only a three
point margin between them and loss.
Take dry goods clerk who Invests"
ten dollars in stock, at a time like
last September. The stock keeps go
ing UP and at every raise the poor
tool puts his paper profits back into
more stock at the same margin. He
does not put in any more cash-an-
other ten dollars looks so small when
he is carrying Zine" of perhaps hun
dred shares. Along comes Mr.. Law
son with his thunderbolt! What is
the bucket-shop mans policy? Obvi-
ously to go into the market with his
own customers money and sell-help
the bear reaction" In every reac-
ton OF Wall street history buckets shop
men have helped. And their clients
have lost their ten dollar stakes-or
larger, as the case may be. That is
worth remembering.
At reputable brokers' firm the
least margin accepted is ten points"
ten dollars per share. In troubled
times a careful broker demands 20
points upon 'gilt-edged" stock.
Even then a customer may be Cleaned
out" within few weeks unless he Is
prepared to put up more margin. The
gambling is more dangerous the better
the stock one CANDLES upon, odd as
that may seem. In time when all
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1905-01-18

BOOM" People with memories know
that last January prices dropped.
For months the market had been
boiling with wash sales" The word
of the System" was passed that
money for margins would be kept
cheap, and that there was plenty.
Three million share days" were
promised. Such a day would mean
the sale of s3OO,uOO.0O0 Of securities in
one exchange of one city in one day!
What are wash sales?" A broker
may make only legitimate sales and
purchases. But there's nothing to pre-
vent a man or a pool from giving
selling orders to one broker and buy
ing orders to another for 10000 shares
each If this is done through an ex-
change member the commission is
trivial. Thus prices were gradually
worked up by an appearance of activi-
ty, step by step, for four months, the
public occasionally taking a few
shares, but the transactions in the
main all speculative. Wall street was
ready for the killing"
You remember the story of the man
who tried to give his horse medicine
by blowing it down his throat with a
long tube. The "hoss blOwed fust."
That happened this time.
Lawson's great advertisement on
copper set the public to selling in
stead of buying. To prevent the mar
ket from going to pieces like a card
house the System" had to buy-not
only the men for whom Lawson was
cunning, but all those who wanted to
see business good" And yet custom
.ers were sold out by bucket-shops and
by the regular brokers! There's no
making of omelets without breaking
eggs. Amalgamated dropped "a points.
It has never recovered, or half recov-
cred. People are waiting. St Paul
went down over ten points 1t is a
standard Oil speciality. Pennsylvania,
a "gilt-edge'' stock, not especially Oily.
dropped eight points That was q
shrinkage of $36,Oo0,0O0 in Amalga-
mated. or 100000 in Pennsylvania.
Other stocks lost in proportiol-sey-
eral hundred millions on the whole
list Not even the best stocks ap-
preached the prices they would have
reached had the "unloading process
been carried out upon the public on
the original plan
What did 1t cost lawson? Nothing
He sold all his own holdings Of copper
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1905-01-18

the money of all the country; for
country banks send their surplus to
the city to lie loaned-they can send
prices booming. N.Stock gamblers sell
dom hesitate to buy a four per cent.
stock. however high, when call money
is plenty at two per cent. Each figures
that he is sharp enough to "get out in
time"
The Life Insurance Companies.
l have hesitated to toucn one source
of power to the System. The life in
surance companies.
The three great life companies of
New York have written 81 900, 900 ,Oo0
worth of insurance-S25O for every
family in the United States They
have $1,000 100000 of assets. The
fluid portion of those assets, the
steady inflow of hard cash, 1t is the
duty Of the directors to invest. Con-
sider the power of men who control
great railroads, who have their di-
rectors in the trust companies, and
who loom large in the directorate of
insurance companies also What a DO
sition from which to float" the bonds
of new trusts and combinations!
The temptation is the greater be-
cause the position of the companies is
so strong. The security of the policy
holder is absolute. If Lawson ever
says otherwise, call him an alarmist
which 1t is not nice thing to be,
The Improvement of public health in
recent years and the constant length
ening of human life is the greatest
asset OF the companies. But
Morgan's partner, Perkins. is a di-
rector or great insurance company
When Morgan started the Inflated
Shipping Trust, that insurance com
pany took quantity of the bonds of
the company. The trust failed from
capitalization, but the bonds are
still carried on the insurance com.
pany's books at par. It's easy enough
I. to call par their price SO long as none
OF them are yer sold.
1t would be easy to multiply such
cases. Take the kindred evil of con-
verting stock into bonds so that trust
funds may be used to pay for them,
1t Is not good finance.
Such things ought not to be,
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1905-01-18

company to hold a majority of its
stock, 81 per cent. Form now another
company to hold 81 per cent. of the
holding company's stock. An invest
ment of some $130,000 Il the second
holding company will control the
who's business. Now let there be
prosperous season or two; let the
company lease other companies; let it
sell bonds to trust companies and in
surance companies in which its direc-
tors are interested; and presently ten
men with an investment of less than
5000 apiece may be controlling mil
lions.
Let anyone who doubts that such a
preposterous disproportion of power
to investment is possible examine for
himself the manner in which the great
Rock Island system is now con-
trolled
1t is this kind of thing that makes
people nervous when Lawson threat
ems to tell all he knows. Suppose he
should!
Just for one minute-Suppose he
should!
Observe now the power of weakness
and the weakness Of power. The
System" nervous, stung to anger,
trembling at what disclosure next it
knows not.
great millionaire, but-with an Idea.
He has told that idea, often enough.
There is one power in the country
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1905-01-18

exercise a commanding influence in
three of the six great billion-dollar
railroad systems of this country; who
Steel Trust from its maker; whose
surplus revenues flow resistlessly into
new channels of profit and of power
Into the street car and electric light
ing business of New York. which they
control; into copper, into silver. into
pig-iron; most dangerous of all, into
banking and trust company promot-
Ing
Not that Standard Oil owns all
these things. 1t does not need to. A
minority interest, coupled with an al
lance with other owners, is enough.
With power to make or break,
Standard Oil director in any enterprise
! Is listened to respectfully.
Fighters in the Foreground.
Personality makes the fight inter-
esting.
Lawson is magnetic. / defy anyone
TO pass an hour in his presence with
out liking him. His magnetism goes
beyond his presence into his pen. He
has always had personal following
among men who have never seen him.
He is alert in movement and speech,
lavish in expenditure, an adept in ad-
vertising. He Knows the weak point
in every adversary's armor-even to
his personal faults of temper. He
Trcws, for instance, that John D.
Rockefeller is not fighter Mr.
Rockefeller has always been more in
ssidious than strenuous. Confronted,
he has gone around and got past the
obstacle. not over or through it. His
method has succeeded. if you call sue
cess that which he has achieved. He
never meets an attack. Miss Tar
bells great history of Standard Oil
has never torn from him one word of
sprotest.
Rogers has more blood. He is not
<unliEe J. P. Morgan. Both men are
pheasant enough when things go their
way When thwarted it is their
rnethod to be masterful. Morgan has
an eye few men can meet, and of late
Rogers has become almost as over
bearing. These Titans bear down OPP
>r-itioR Men breathe easier upon
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1905-01-18

before the break. Wall street knew
that. When he began his war No
went short. covering later at sub.
stantial gain at the expense of his foo,
The advertisements by which Ao
fought cost about $4,000. tribe IN
comparison with the possible gains
Any warrior must have the sinews %
war. Apparently all Lawson has To
do when he wants money is to jump
out from behind the fence, say "Boo!s
and gather UP what is left behind By
the other fellows In their fight.
He may say "Boo!" once too often
and get the worst drubbing Of his life.
You never can tell.
Nothing Like the Truth.
There's nothing like the truth to
brighten people. lawson has the audi
ence because what he says jibes with
facts that everyone knows. He criti-
cises insurance methods and backs it
up by extracts from an insurance 50.
perintendents report He tells the
story of the Delaware receivership Of
Bay State Gas. and all the men con-
cerned In that strange proceeding
tumble over each other to tell their
stories. He brings in Jim Keene's
name, and Keene admits having
manipulated s22.0000OO worth OF
Amalgamated stocks for insiders-ap-
parently a remainder" they got
caught with" when they made the
first unloading"
He told the truth as to the manner OF
Rogers acquisition of the New York
Commercial as a Standard Oil and
Amalgamated Copper organ.
He told the truth to Col Greene.
have kept that marvellous incident
for the last because 1t gives the key
of this mans power. When Greene IL
sued his famous midnight message by
advertisement his language meant
murder. Greene Is a man who has
mined copper. He has four notcheo
on his pistol stock. Two days later he
went to Boston, met Lawson, talked
seven hours. What magic did lawson
use with Greene? Just the truth.
Just told him how, because he tried to
sustain the stock of his Greene Cop
per company in general decline
he was loaded up" with it from every
source until his banks-oh, those
banks, controlled by the very people
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1905-01-18

because the temptation is too
great; some day ruin OF appalling pro-
portions might be wrought by an am
bilious man who overdid things and
impaired an insurance company's
assets.
because the System" gives a
few men the power. even if they do
not impair the credit of their insur-
ance companies, banks and trust COM
panies, to use the peoples money to
make power elsewhere, until power
becomes unlimited.
How the System" Works
Suppose a company with a capital
of 100000. Form now a holding
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1905-01-18

Of trouble for Standard On and made a
great fortune for himself as copper
magnate in Montana, will not weep at
Lawson's campaign.
Every bucket-shop proprietor will be
In eject his ally, without any neces-
sity for an understanding. The most
damaging accusation that can be made
against Lawson is that he is in leagIe
with bucket-shops, because they
profit by him. That he cannot pre-
vent.
Every man in the country with a
Collar to waste ought to know that a
bucket-shop man is always 6 bear.
Why? Because his customers are
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1905-01-18

bigger than the System" The Peo-
pie. The people by demanding legisla-
ton can nip the wings of the .'Sys-
tenn" The people. whose money the
System" is using, may demand their
money to use otherwise. Where
would the System" be then? Where
would prices be? What would Wall
street 90?
Allies, Yet Not Allies.
Lawson will either make one of the
biggest sensations in financial history,
or one of the most laughable failures
He has no doubt which 1t will be.
AS to allies, he needs none. There
are people who will help him; who
must help him. A red-cheeked Brook
lyn boy. for instance. named Heiaxe,
who for Is years has made 81 varieties
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1905-01-18

who had been selling him has stockt
called his loans. Then he lost four
millions in twice as many minutes and
the other fellows got his really valu-
able stock cheap. Great game, isn't
it? Nice game for innocent people
in the country to think they can beat.
after reading a few circulars pushed
out by the literary artists Of the
bucket-shops!
Lawson is Standard Oil ally turn
Ing states evidence" What situa.
ton for the plain people to enjoy!
Everybody's Magazine was bought
on credit mainly from John Wanna
maker for trifle by two bright young
men. They are now selling advertise
ments for $500 a page, printed 725, 900
copies last issue-all they could print:
they could easily have sold more
and raised the price to Is cents. Law.
son makes no charge for his arti-
cles, OF course. He only wants Z
medium to get his points before the
public. All the advertisements of the
magazine In the daily papers which
have been signed by Lawson he has
personally paid for. The publisherp
often know nothing about such an am
nouncement until they see it in print.
Since Lawson cannot make one
blade of grass grow where two grew
before. am inclined to say: Let the
man have his say. If the System" n
wrong, it should be proved. II It Il
right. the truth will come out. In any
case the public will have a chance to
learn that stock gambling Is a game
for fools.
Copyright, 1904, by W. A. Patterson.l
Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1905-01-18

prices are falling, man who Is load
ed up with miscellaneous stocks must
sell something. He sells that which
will sell best. In Lawson's now ia
nous raid st. Paul lost more points"
than Steel Common.
Where Does Morgan StandP
speaking of Steel Common-where
does Morgan stand?
There has been more than a suspi-
cion that Mr.. Morgan was not greatly
displeased to see the Standards stand
ard-bearers get q drubbing. He went
up against them in the Northern Sc
curities matter and came on a wiser
but not handsomer man. He lost
control Of Steel to them. He has seen
the primacy In Wall street promotion
60 to more conservative bond houses''