davidaulloa/AmericanStories huggingface dataset:
Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1905-01-19
Why Tom dawson IS After the Money
Powers OF Wall Street.
HAS A GRIEVANCE AGAINST "STANDARD OIL"
In the Fight Shop" Men Are His UNLIMITED
aities of the Men o Sides - The War Is Just
Begun---A Moral Public.
BY AN EX-BRoKER.

leaving them. Cromwell must have
mad such a presence.
Yet an agile fencer who Isn't afraid OF
a 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
cidentalIy, his attack will inJure oth-
ers whose methods are similar. Flrst'
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 Its 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 th'
market. By calling" in loans the!
can at any time produce a break
in Wall street. BY furnishing none!
at low interest-your money and mine
Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1905-01-19

exercise a commanding influence IN
three of the six great billton-dollar
railroad systems OF this country; VINO
have wrested the Billion-and-a-Half
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 o. 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, a
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
mas always ldQ peISOudI lOIlOMIHS
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 adyersary's aTmor-even tC
his personal faults of temper He
knows, for instance. that John D
Rockefeller is not a fighter. Mr.
Rockefeller has always been more in
sldious than strenuous. Confronted
he has gone around and got past tn,
obstacle, not over or through it. Hi
method has succeeded, if you call sue
cess that which he has achieved. II,
never meets an attack. Miss Tar
bells great history of Standard OF
has never torn from him one word o
protest.
Rogers has more blood. He is no
unlike J. p Morgan. Both men ar
pleasant enough when things go thei
way When thwarted 1t Is thai
method TO be masteTful Morgan ha
an eye few men can meet, and Of lat
Rogers has become almost as over
bearing These Tiyans bear down OF
position. Men breathe easier Upo
Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1905-01-19

of trouble for Standard Oil 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 effect his ally, without any neces-
sity for an understanding The most
damaging accusation that can be made
against Lawson is that he is in league
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 bear.
Why? Because his customers are
Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1905-01-19

company" to hold 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 $4,000 IN the second
holding company will control the
whole business. Now let there be a
prosperous season or two; let the
company lease other companies; let 1t
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
$4,000 apiece may be controlling mil
lions.
Let anyone who doubts that such
preposterous disproportion of power
10 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.
And Lawson alone, not notably
great millionaire, but-with an Idea
He has told that idea often enough
There is one power in the country
Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1905-01-19

to great international coacerns like
Kuhn, Loeb q Co. and the Speyers.
Is he now Lawson's enemy? Ally OF
course he is not. That would not do.
But-enemy?
| 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, a 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 a property sold by
shrewd Marcus Daily to the Standard,
vastly watered by these hydraulic eX-
perts, sold to New England school
marms at 130. subsequently beared
to away below so, month or more
| ago up 10 80 again w nat IL II WoEln
Who knows?
Lawson Has "Hit It Right"
Lawson has chit it right" That is
why he has the ear of the public
Seven months magazine articles have
been merely preliminary to his mair
attack. They were like the patent
medicine mans "patter" on the stree
before he sells the Universal Pail
Eradicator. He Is getting attention.
He was only getting attention wher
In early December he broke the mar
ket" and tipped over applicants care
fully loaded for months.
There Is a useful myth in Wal
street, called "re-investment." 1t
very simple. Most dividends are pay
able January 1 and July l, and lamb
are kept aware of it. They are toll
that at these periods rich men VIII
draw large dividends always reinves
part of them, which drives prices III
AS If rich men were so fond Of payin
high prices instead of waiting a fey
days! The plot was made to UNLOAD
on the public this December on tn
old cry of "re-investments." The
were to be dragged in to buy in d.
cember in anticipation of "Januar
Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1905-01-19

before the break. Wall street knew
that When he began his war he
went short" covering later at sub
stantial gain at the expense OF his foe.
The advertisements by which he
fought cost about $4,000, trile IN
comparison with the possible gains
Any warrior must have the sinews OF
war. Apparently all Lawson has to
do when he wants money is to jump
out from behind the fence, say "BOo!"
and gather up what is left behind by
the other fellows in their flight.
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
| frighten people. Lawson has the audi
ence because what he says jibes with
facts that everyone knows. He criti-
cises insurance methods and backs 1t
up by extracts from an insurance su-
perintendent's report He tells the
story of the Delaware receivership or
Bay State Gas, and all the men con-
cerned in that strange proceeding
stories. He brings in Jim Keene's
name, and Keene admits having
manipulated s22,0OO,000 worth Of
Amalgamated stocks for insiders-ap-
parently 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 it gives the key
of this mans power When Greene is
sued his famous midnight message by
advertisement his language meant
murder. Greene Is a man who has
| mined copper. He has four notches
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.
7 Just told him how, because he tried to
, sustain the stock of his Greene Cop
2 per company in a general decline
= he was loaded up" with it from every
= source until his banks-oh, those
= banks, controlled by the very people
Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1905-01-19

bigger than the System" The Peo-
pie. The people by demanding legisla-
tion 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 do?
Allies, Yet Not Allies.
Lawson will either make one of the
biggest sensations in financial history,
or one of the most laughable failures.
lie has no doubt which It 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 Heinze,
! who for 10 years has made 81 varieties
Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1905-01-19

the money of all the country; for
country banks send their surplus to
the city to lie loaned-they can send
prices booming. Stock gamblers sell
dom hesitate TO buy 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 touch one source
of power to the System. The life in
surance companies.
The three great life companies OF
New York have written $4,000 900 00O
worth of insurance-$250 for every
family in the United States. They
have $1,0OO,J00, QUO of assets. The
fluid" portion Of those assets, the
steady inflow of hard cash, it is the
duty of the directors to invest. Con.
slider the power of men who control
| great railroads, who have their di
reCtors in the trust companies, and
who loom large in the directorate oi
insurance companies also. What a po
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 a nice thing to be
The improvement of public health II
recent years and the constant length
ening Of human life is the creates
asset of the companies. But
Morgan's partner, Perkins, is a di
rector Of a great insurance company
When Morgan started the ill-fatet
Shipping Trust, that insurance com
pany took quantity of the bonds 0
the company. The trust failed from
over capitalization, but the bonds ar
still carried on the insurance com
pany's books at par. It's easy enougI
to call par their price SO long as non
Of them are ever sold.
1t would he easy to multiply sue
cases. Take the kindred evil of con
verting stock into bonds so that truq
fuAds may be used to pay for then
1t is not good finance.
Such things ought not to be:
Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1905-01-19

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 fa-
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 g suspi-
cion that Mr. Morgan was not greatly
displeased to see the Standards stand
ard d-bearers get drubbing. lie went
up against them in the Northern Sc
curities matter and came Off q wiser
but not a handsomer man. He lost
control of Steel to them. He has seen
the primacy in Wall street promotion
go To more conservative bond houses
Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1905-01-19

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.
2.-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 capital
of 1,00O, 900. Form now holding
Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1905-01-19

who had been selling him his 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 a situa-
ton for the plain people to enjoy!
Everybody's Magazine was bought
on credit mainly from John Wana-
maker for a trifle by two bright young
men. They are now selling advertise
ments for $500 page, printed 725,00o
copies last issue-all they could print;
| they could easily have sold more
and raised the price to 10 cents. Law
son makes no charge for his arti-
| cles of course. He only wants
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 publishers
| often know nothing about such an an
nouncement until they see it in print
| Since Lawson cannot make ono
blade of grass grow where two grew
before, l am inclined to say: Let the
man have his say. If the System" is
wrong, 1t should be proved. If it Is
right, the truth will come out In any
case the pub!tc will have a chance to
learn that stock gambling is a game
for fools.
Copyright, 1908, by w. A. Patterson.)
Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1905-01-19
In Q Serious DiMcultY.
The man who Is carving.

Observe his red face, his awkward
ness, his nervous and flustered manner.
Is it the first time he has ever offici-
ated?
Not at all
His rich but nearsighted aunt, who IS
taking dinner with the family, and from
whom he has expectations, has just
asked him for some Of the white meat
The Christmas fowl happens to be
goose.-Chicago Tribune.
Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1905-01-19

The rare elements recently discovered,
scandium, gallium and germaaium, wcEa
prophesied so years ago by Mendeleis-
who christened them PROBATIONARY eta-
boEon, eka-aluminium and eka-silicon.
BoletiÌn mercantil de Puerto Rico. (San Juan, P.R.) 18??-1918, 1905-08-21
RECUERDOS JAPONESES
IHTENT0S De UNA ALIAKZA

La famosa guerra ruso japonesa
puede darse por concluida.
Rusls, que hab1a sonado en- medic
de aquellas estepas eternamente hela-
das, como 81 Dios quisiera privar al
slervo, al "mogikc", de tedo censuelo
y esperanza en- TN mar libre en- ell Elk.
tremo Oriente de su imperio, queda
de nuevo petrifcada entire los perdu-
rabies hielos de Siberia condenada q
reclusion perpetua. sin tener mas
puerta para comunicarse con las ma
clones civilizadas que los arriesgadi
simos pasos de los mares de Dina
marca.
Mucha gente que no compare mas
que n1meros y cantidad y atiende 4
las leguas cuadradas mas que q la
enefgfa y organization de los Estados,
genie a la cual resulta facil sumar eli
numero de fusiles, cafiones y acora-
zados y dificil r1ultiplicar Ell amor
patrio por los corazones heroicos, no
han crefdo en- Ell triunfo del Jap6n
BoletiÌn mercantil de Puerto Rico. (San Juan, P.R.) 18??-1918, 1905-08-21
Lanes II Dc Agosto de ieos

Ell captain seffor Fernandez Mater ell
sargento seaor De Jesds, quienes fue-
ron testigos de 10 dicho por ell heride.
Acto seguido ell cabo seSor Igaravi-
DEE con otros guardias mas sali6 en-
persecution del pr6fugo logrando cap
turarlo 4 las S de la nafiana.
EN- Ell CUARTEL DE LA POLICIA
A las II de Ia maflana fu6 al cuartel
donde Sc encuentra ell sulpable. Dice
llamarse Valentfa Rivera es alto tri-
guefo viste un partal6n blanco.
zapatos neg1os camisa, Sc declara
culpable. al venir su padre a verlo llora
como un nifio; estaba CON esposas. y
plde que lie limpiasen los zapatss.
Ell CUCHILLO
Tiepe la forma de una h.z, de q
pulgadas de largo muy aflado.
Agosto 20, II manana.-El herido
sc siente morir y ell practicante sefior
Herrero le practica la tercera cura es.
perandose Ell medico sefior Feld.
tarde.-El herido da terribles que.
jidos y ell practicante sefior Romero lie
prohibe que grite y aun ell medico no
viene.
Ell PUEBLO
En- masa comenta el saceso, no Sc
apartan los distintos grupos de la es-
quina y ruerta del cuarto de socorro.
Los hermanos y hermanas del he
rido piden Sc les permita YER su
hermano que quizas al recibo de estas
notas va estara en- ell otro mundo.
Corresponsal.
BoletiÌn mercantil de Puerto Rico. (San Juan, P.R.) 18??-1918, 1905-08-21
Ell teatrO de Arecib0

GEL Duende", diario que Sc publica
en- Arecibo, da la noticia de que ha
sido ordenada la clausura del teatro
por la Junta de Sandal
va tenemos dos teatros cerrados. Y
10 mas lamentable no es que Sc deere
te la clausuras de esos ediicios. GUAM
do Sc invocar principles tan essnciales
como los de la hygiene, sino que des-
pues Sc dan muy poca prisa los cen
tros encargados de esos ediicios para
ponerlos en- condolences de que puedan
funeionar.
BoletiÌn mercantil de Puerto Rico. (San Juan, P.R.) 18??-1918, 1905-08-21
con nuestra pobre y desgrsciada Es-

paf1aA :.
Quedeme asombrado de la preten-
sion y considerando que Sc nos ofrecia
una magnf6cs coyuntura para estre-
char ana amistaa de incalculable tras-
cendencia en- 10 porvenir, marche 4
Manila, en- donde 4 Ia saxon era go
bernador general el marques de Pc
flaplata, al que cemunique mis- impre-
stones y deseos.
b Pareciole de perlas la alianza al ge-
neral Blanco y adn hubo de escribir
en- este sentido al gobierno, que, a
vuelta de alsunos melindres ofcines-
cos. me concedi6 una comision extraor-
dinaria del servicio para venir Ma
drid a conferenciar con ell ministro
don Manuel Becerra.
Fue entonces la terra japonesa Ia
obsecl6n que ensombrec1a 6 abrillan-
taba todas mis- conversaciones pen
samientos. En- puridad debo confesar
que los grandes psliticos no me hicie-
ron maldito Ell case; Canovss, tras de
elogiar con fna ironfa acerca de mis-
cualidades de narrador, me recordaba
la notoria contradiction entire mis- en-
tusiasmos japono6los y Ell discreto 81
lencio de los diplom aticos europeos
Moret, en- la inmensa gamma de sus
universities aptitudes, lego 4 mas; die
to 4 sus habitualss taquigrafos algu-
mas hermosas cuartillas, natural parto
de tan peregrino ingenio, abogando
por la alianza japonesa.
Pero Ell que rebas6 los 1imites de
toda eSperanza fue don Manuel Bece-
IRA, el cual, tras de oirme beatifca
mente algunas tardes de dulce sesteo
en- los misteriosos salones del ministe-
rio de Ulrramar. me encargo de pronto
del srreglo del tratado, comisionando-
me especialmente para clio y dandome
orden de salir para Manila y ell Japon
inmediatamente.
A Ia ciudad de Legazpi llegue en-
pleno lnvierno deSeoSo de servir mi
patria.
Nombro al general Blanco que CO.
mo viejo y valiente soldado prevefa
para 10 future serias conplicaciones
con la premura que ell case requeria,
una comislon que pasase al archipie-
lago japones tratar Ia alianza con ell
marques de Ito, cuya comision Sc COM
ponfa de don Angel Aviles, ell sefior
Colorado, ingeniero militar y mi hu-
milde persona.
va en- Ell muelle para embarcarnos,
Sc nos retiraron los poderes por tele-
grafo. Ell gobierno espafiol compren-
dio que no vslfa la pena la alianza, y
como en- Ell Fuero Real "inc6 ell pley-
to en- tai estado."
Entire tanto. Ell Japon vencio 4 Chi
ma, tomo por primera vez la inexpug
nable fortaleza de Puerto Arturo q
pesar de las habilidades diplomaticas
de Alemania, Sc quedo con la isla Her.
mosa, a Ia que pacifco en- menos de
un af1o.
El marques de Oyama. sustituto del
veterana Yamagata, sigui6 "endure-
ciendo" el ejercito para conquistar Ia
Manchuria, y los polfticos que pade-
ceh1os, grandes hombres para perder
imperios y continentes, dieron mues-
tras de su exquisite precaucion al
cance al considerar que atm poseyendo
las 1slas Filipinas, no era realmente
necesaria nuestra alianza ofensiva 6
defensiva con el Jap6n.
Porque va, cque intereses tenemos
en- el Oriente que defender?
Pa fon/ CoSn,on,ro
BoletiÌn mercantil de Puerto Rico. (San Juan, P.R.) 18??-1918, 1905-08-21
De AguaS Buenas
HORROROSO CR1MEN

Agosto, 1e.
Anoche las y cuarto diose aviso
a la policfa que en- ell barrio denomi-
nado Quinto de esta jur1dici6n Sc ha-
bia cometido un crfmen, por 10 que ell
cabo seflor Igaravidez sali6 en- averi.
guacion de los hechos encontrando al
herido, que presentaba una terrible he
rida en- ell cuello, { inme diatamente hi
20 t-asladarlo al cuarto de socorro en-
donde Sc lie practicaron las primeras
curas por los practicantes seflores He
rrero y Grill.
EN- Ell CUARTO DE SOCORRO
Ell herido dice llamarse Pillar Ra-
mos, apenas puede hablar, fue interro.
gado por el juez sefior Rschany, y dijo
10 siguiente:
"Hace dfas que Valentfn Rivera me
dijo iba matarme sin haber tenido
disgusto con 81 de ninguna especie; al
efecto yendo mi casa iba detras di.
cho individuo y me llamo diciendome
"que hay compae", y al 20 volver me
tir6, no sa biendo 81 fue con navajo 6
cuchillo, pero estoy SECURE fue cen
navajo pues siempre acostumbrc lie
varla. ~ @F ..@,ta ~ :
r'' .ss LA POLICIA ssr
Precisa mente Sc encontraban en- esta
BoletiÌn mercantil de Puerto Rico. (San Juan, P.R.) 18??-1918, 1905-08-21

Estas impresiones mias las comuni- :
que a todos los polfticos espafioles con
los cuales me unfa alguna relacion de
amistad; reunf datos politicos. militia
res, hasta fnancieros y envie cartas y
comunicsciones al minlsterio de Ul-
tramar. al sef1or Canovas, al sef1or
Moret y otros muchos de menor i'm >
portancia.
Un dfa, estando en- Toxic, tuve ell
honor de ser recibido en- audiencia
particular por Ell sefior marques de
Ito, hombre distinguido, de elegentes
modales y gran elocuencia y capaci :
dad; incidentalmente me kabl6 de
Espafia. de su imperio colonial en-
Oriente. reducido a las islas Filipinas
despues de la cesi6n los ingleses en-
1876 del archipelago de Borneo, con-
sentida en- silencio por los espaholes,
y del deseo del pueblo japones de ha :
Ger un tratado de a1ianza con la des-
cubridora de mares, islas mundos,