The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-07-13
NO REVENGE IN
sFRENZIED' ATTACK
LAWSON LUNCHES
IN MINNEAPOLIS
Standard Oils Famous Adversary
a Guest at the Commercial
Club.

Thomas W. Lawson, in high hat
and wreathed in the Lawson smile,
which is as original and beautiful a
development as the Lawson pink,
boarded Mr.. Lowry's car. at the Ryan
hotel, st. Paul, this morning; and was
whisked to Minneapolis, escorted by
Governor Johnson, Secretary Frank A.
Day and the Minneapolis committee:
In Minneapolis MI. Lawson went i'm
mediately to the Commercial club,
where he lunched, and afterwards made
short talk to the members in the big
assembly room. Mr.. Lawson has al
most entirely recovered his voice and
was in admirable spirits.
The Boston man is always courteous
and always willing to talk about his
work. So when a representative Of
The Journal tackled him, he
plunged Immediately into the subject,
beginning with the answer to this
ing to the American people, Mr.. Law
son, and they have been listening to
you. A great many of them. are ask
ing this question: What is your rem
edy for the evils you depict so graph
ically2 FL How do you eyPect to get re-
"My work he said, lis educa-
spleen. ] am not turning states evil
dence against Standard Oil I am do
ing what I told Rogefs years ago it
was the dream Of my life to do. AT
that time he said, you are all right
Lawson, you and I can work together
and you can have your IDEAS He
! thought it was fanciful for one man to
attack Standard Oil.
Explains His Ideas. =.
Whatever people may think Of me
began did not think Of being made q
/ target for every man who has dollar
to shy a brick at, but that is part OF
the result and I accept it. Now, as tt
my plans. To begin with, [ learned from
being in the business that there is 6
great deal more paper representation Of
capital-that is credit money-in TIN
country than there is real money, AM
that this paper representation OF money
is seldom turned into cash. If you ant
I make deal whereby I sell you
hundred shares Of st. Paul in exchang
for something I want, you do not turl
that 100 shares into money, but yo1
. go on doing business on the basis tina
you are worth say $17,500. What doe
, that $17,500 in shares mean? It mean
that the company issuing them has tn
!.
country the going rate of interest O.
!, that amount in freight and passenge
rates.
: , : - Now let us see how these values ar
Imade, often. The properties in the ser
!, arate companies forming the steel trus
!, were worth, they say, $350.000 900. Pei
; haps they were not worth more tina
,, $l30,000,000. but the other figures wi
: illustrate my point. What did they
, when they -ormed the steel trust9 The
!. took those stocks ard overnight Gale
!, them worth $1,50o,0OO.O0O. True, the
. did not sell them to the people for
! billion and q half, but they did Sc
: them for $8OO,00O,O 900. Then what hal
pened7 As soon as they were in th
hands Of the people those stocks,
the familiar process Of tightenin
r money, went down to $360,0OO,OOO. No
e the next process is to put them Il
r again. They are going up now, they al
g up to $7oo,ooo,oo99: Will they be sol
down9 Not if the people will listen t
me.