davidaulloa/AmericanStories huggingface dataset:
Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1905-01-14
Why Tom Lawson Is After The None,
Powers OF Wall Street.
HAS A GRIEVANCE AGAINST "STANDAR, OIL
the Fight the Bucket Shop Men His UNLIMITED AesPeon
alties of the Men on Both Sides - The War Is Just
Begun---A Moral for the Public.
BY AN Ex-BROKER.

leaving them. Cromwell must have
lad such 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
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 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 and mine,
Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1905-01-14

before the break. Wall street knew
that. When he began his war he
went short, covering later at SUBJ
stantial gain at the expense of his foe.
The advertisements by which he
fought cost about 0,000 trifle 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
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 SUI,
perintendent's 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 Keenes
name, and = Keene admits having
manipulated s22 100000 worth Of
Amalgamated stocks for insiders-ap-
parently remainder" they got
caught with" when hey made the
/ first Unloading"
He told the truth as to the manner OF
Rogers acquisition of the New York
Commercial as 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
Just told him how, because he tried to
sustain the stock of his Greene Cop
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
Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1905-01-14

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 100000 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 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
$4,000 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.
And Lawson alone. not notably
great millionaire, but-with an Idea.
He hac told that idea often eyrhuph
There is one power in the country
Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1905-01-14

BOOM" People with memories know
that last January prices dropped.
Fol 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" we're
promised Such day would mean
the sale of $500, VO0, 600 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 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 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.
II 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 a
sbrinkage of $36,000,000 in Amalga-
mated. or 100000 in Pennsylvania.
Other stocks lost in proportion-sev-
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 it cost Lawson? Nothing.
He sold all his own holdings of copper
Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1905-01-14

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 Morg, n 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 drubbing. He went
up against them in the Northern Sc
curities matter and came off a wiser
but not handsomer man. He lost
control of Steel to them He has seen
the primacy in Wall street promotion
go to more conservative bond houses"
Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1905-01-14

the money of all the country; for
country banks send their surplus to
the city to te 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.
I 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 81 600, OOO, 600
worth of insurance $3.50 for every
family in the United States. They
have s1,000,v00,0v0 of assets. The
fluid" portion of those assets, the
steady inflow of hard cash, it is the
duty of the directors to invest. Con
sioer 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. II Lawson ever
says otherwise, call him an alarmist.
which it is not a 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 d.
rector of great insurance company
When Morgan started the Inflated
Shipping Trust, that insurance COM
pany took a 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
to call par their price so long as none
of them are ever 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:
Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1905-01-14

who had been selling him has stockt
called his loans. Then he lost four
millions intwice az 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 few circulars pushed
out by the literary artists OF the
bucket-shops!
Lawson is a 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 trif1e by two bright young
men. They are now selling advertise
ments for $500 pagc, 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 a
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 one
blade of grass grow where two grew
before, | am inclined to say: Let the
man have his say If the System" is
wrong, it should be proved. If it is
right, the truth will come out. In any
case the public will have chance to
learn that stock gambling is a game
for FOOLS
Copyright. 1904 by w Pa,torson
Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1905-01-14

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 do?
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 Heinze,
who for Is years has made 81 varieties
Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1905-01-14

of trouble for Standard Oil and made a
great fortune for himself as a copper
magnate in Montana, will not weep at
LaWsons 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
dollar to waste ought to know that a
bucket-shop man is always bear
Why? Because his customers are
Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1905-01-14

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. q ~
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 company with a capital
of $1,000,000. Form now a holding
Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1905-01-14
In a Serious Difficulty.
the man who is carving

'1o A1e111 WIZ 10 Col VIUS.
ooserve his red face, his awkward
ness, his nervous and f1ustered 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 a
goose.-Chicago Tribune.
Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1905-01-14
Recently Discovered Elements.

The rare elements recently discovered.
scandium, gallium and germanium, were
prophesied 80 years ago by Mendeleif.
who christened them PROBATIONARY eka-
boron, eka-aluminium and eka-silicon.
The Kemper herald. (Scooba, Miss.) 1875-1908, 1905-01-19
The Confederate Veteran.

The introduction to the "Last
Rolf in the January VETERAN
says:
It is now forty years since the
close OF the War between the
States. Many who participated
in that great struggle were young
aud vigorous, but are now old
and feeble. They are fast pass
ing away. In a few more years
there will be no more reunions,
and none to answer roll call
These noble old heroes deserve
to liye.in the memory OF every
lover Of liberty. They fought in
defense OF constitutional govern
ment, aud not one OF them should
be allowed to pass away without
having his name placed on The
record OF honor.
The list seems unusually Tong
this month, and contains some
we'll known names.
The Kemper herald. (Scooba, Miss.) 1875-1908, 1905-01-19
Peden Pointers.
We have been having some
very wet weather this week.
Mrn narn pndnn IL

We have been having some
very wet weather this week.
Mrs. Dave Peden is very i'll.
George Stewart died last Sun
day from pneumonia. lie leaves
u vile and baby. Several mem
bers Of his mothers family have
the same disease, and Mrs. Stew
art is not expected to live.
FL. G. jackson has sold out to
Prot. |. NJ. Thompson. The lat.
ter took possession several weeks
ago, and Nj. Jackson and family
have moved to Poplar Springs.
Henry Wyatt aud Miss Bonnie
Warren We're united in marriage
Dec. 28th. Rev. Frank Turner,
OF Scooba, "tied the knot"
Miss Jennie Peden and Libe
Eldridge, OF Snoody, were mai
ried the same day, Bev. T. L.
|Crowson, OF Moses, officiating.
A. ". Clark, formerly OF J'eden
but now OF Laurel, was married
Dec. 9th to his cousin, Miss Ell
fie Clark, OF Moscow. 1t was a
Gretna Green affair, so they came
here and had the knot tied.
We wish all these young cou
pies much happiness on their
voyage over matrimony's sea.
Herbert Vandevender, OF Van,
is a new Pedenite, as he's going
to make his home here this year.
The party at the residence OF
Sam Clark on Tuesday night was
a great success.
Miss Mary Warren is at home
after an absence OF six or eight
weeks. She has been visiting
relatives in Alabama.
Mrs. Lawrence McRae (nee Lee
ma Stephens), OF Moses, spent one
day last week with her cousins,
the Misses Warren.
Rev. I. L. Crowson was sent
back to this North Kemper) cir
cult.
Bloomfield Church is without
a pastor now, as we had to give
up Rev. Mr.. Boyles.
Bloomfield school had to be
suspended this winter on account
of smallpox, which is still scat
tered about over the community.
Miss Lille Warren, of Van,
visited home-folks at Moses Fri
day and Saturday.
Miss Lillian Mcneil is attend
ing school at Poplar Springs.
We regret to learn OF the indis-
position of Jim Peden, Jr., OF
Moses. He hasn't gotten over
the effects of the smallpox, which
he had III November.
j. r. Peden is having a neat
residence built. Sam Young, OF
Pea Ridge, is doing the work.
Miss Pamela McRae, OF Moses,
was bitten by a mad dog Tuesday
OF last week, and is being treated
in Atlanta. Xxx
The Kemper herald. (Scooba, Miss.) 1875-1908, 1905-01-19

Under the caption "Judge
Cochran Libeled" the editor OF
the Meridian Star takes excep
tons to an insinuation by Il
Northern Journal that the Judge
is "aged'', and grows eloquent in
rebuttal, thusly:
We can stand most any ale
cation brought against the Judge
save that of "aged". But here
we balk. We have a longing to
go on the warpath and wipe up
the earth with men incapable oil
approaching manly beauty when
it is thrown at them in 1870 pound
chunks:
Several years ago the man who
was later to become famous as
the most strenuous criminal
judge in the South, was the adj
mired of all around him. With
beautiful flowing locks, kissed by
the shades of a setting sun and
FURNISHED with gold from the
depths of Mother Earth, curling
backward from a brow classic in
architecture, he swept all before
him and rivals side stepped with
out argument. AS he developed
into. the full bloom of manhood
and took rank with the leading
lawyers of the State, it was thrill
ing to sit within hearing distance
OF his voice aud listen TO the flow
of e~loquence Is we followed the
lightning shaft from his eye or
revelled III the tancied pranks of
elfs and eeries and fairies as they
played hide and seek within the
radiant golden shades that nestled
aftectionately about his dome.
And these fancies are with us
yet. Still in the vigor of his
manly beauty, enjoying the quail
tiles with which the gods en-
dowed him, his voice pealing
forth upon the ambient air like
the tones of some silver bell, we
see him, love him and rise in our
wrath at the suggestion OF some
penny a-liner that our Judge is
growing "aged'', that his voice
quivers from the weight of years,
and that as he walks to and fro
his shoulders are stopped and
that noble browis iurrowed with
care.
All Of which is very nice and
proper-b ut the yelled charge
contained therein that j Judge
Cochran's hair is red, is rank
treason, and the editor of the
Star should be hauled into court
and fined for contempt.
The Kemper herald. (Scooba, Miss.) 1875-1908, 1905-01-19
Cured ~Lunlbag0.

A. b. Canman, Chicago, writes
March 4, 1908: Having been
troubled with Lumbago at diff
terent times and tried one physi-
clan after another; then different
eihtments aud liniments, gave it
up altogether. So | tried once
more, and got a bottle OF Bal
lard's Snow Linament, which
gave me almost instant relief. [
can cheerfully recommend it, and
will add my name to your list
of former sufferers" 25c, soc
and 81. Sold by Ward.
The Kemper herald. (Scooba, Miss.) 1875-1908, 1905-01-19
Our steemed TREND the editor

Our steemed friend the editor
Of the Meridian Star got things.
d little mixed when he stated
that "the Scooba Herald and the
DeKalbs~Star are engaged in a
controversy" etc. The papers
mentioned are engaged in no con
troversy. In last weeks issue Of
the Southern Star, in a signed ar
ticle, Mr.. j. I. Gewin stakes a
fall" out of the NoXubee Herald
aud incidentally raps the KEMpER
HERALD lightly over the knpcl-
les. On first reading the refer
ence to this paper would seem to
be "with malice alore-thought'
but further along in the article
the writer thereof states that, so.
far as he has any influence, the
Southern Star rests upon 'the
law of God" AS he is the father
of the editor, publisher and pro
prietor of our county contempt
rary, it is to be presumed that
his influence is more than chimel-
zeal; as we have always heard
of him as a very nice old gentle
man, deeply versed in Scripture
lore; as malice OF any kind is
inimical to "the law OF God'', we
consider that the reference 10 the
KEMPER HERALD was merely "a
kindly Gliding for what the wri-
Ter considered a slight detection
on cur part from the straight
line of editorial duty.
The Kemper herald. (Scooba, Miss.) 1875-1908, 1905-01-19
A Fact Worth knowing

Is that DIR. Classes German
Penetrating Eminent will relieve
Headache, Neuralgia, Toothache,
Pains in Side, Breast or Back.
That it will cure Sprains, Bruises
Burns, Scalds, Sore
Throat, Catarrh, Cancerous Sores,
old sores of any description, Frost
Bites, Sore Feet, Stings from In
sects. Its use does not burn or
blister+the skin, is soothing and
healing to the flesh. Sold by
Jas. III. Duke.
The Kemper herald. (Scooba, Miss.) 1875-1908, 1905-01-19

Don'tforget the meeting of the
Cotton Growers Protective AS
ISOLATION in New Orleans next
Tuesday, Wednesday and Thurs
day, and that a meeting will be
held at DeKalb on Saturday to
select delegates to same. The
railroads have offered reduced
rates Of transportation, aud KEN
per, as well as all other counties
in which the 'deecy staple" is
grown, should be represented.
The Kemper herald. (Scooba, Miss.) 1875-1908, 1905-01-19

Did it ever oecnr to you, as
you brushed elbows with some
gray haired, gray-whiskefed old
gentleman in the hurrying crowd,
that he was one Of those who,
some forty odd years ago, bore
the brunt of a great struggle
that be was one OF those who fol-
lowed Lee or Jackson, Gordon
or Longstreet, Stuart or some
other OF the famed lead rs OF the
SO called Lost Cause? Did it
ever occur to you how few, in re-
cent years, these old gentlemen
have become--how much oltener
the answer "missing' at roll call
at the annual reunions? They
are rapidly leaving us-these he
roes OF "the times that tried
mems souls" Let US deal kindly
with those that remain, for soon
we shall have naught but history
they will all have bivouaced on
the plains OF Beulah Land.
The Kemper herald. (Scooba, Miss.) 1875-1908, 1905-01-19

They are now trying to make
Gen. Stoessel the scape goat, and
to shoulder all the blame for the
fall OF Port Arthur on him. 1t
is stated that he had $1,000 effec
tive men at the time OF the capt.
ulation, that there was consider
able ammunition and plenty of
provisions, and that the mea did
not wish to surrender. Some one
must be found to bear the brunt
OF the Cars displeasufe, and the
higher he is in official life the
better for the smaller fry.
The Kemper herald. (Scooba, Miss.) 1875-1908, 1905-01-19
The Meridian Stars Washing

The Meridian Stars Washing
ton correspondent writes thusly
of the Congressman from this
district:
A hard. working Mississippian
here is Congressman Byrd, from
the Fifth District-by-the-way,
this was the district which Mr..
Williams represented before the
Mississippi Legislature rooted
him over into the beds OF two
other Congressman and gave him
fighting. Mr.. Byrd haunts the
departments. Every morning he
can be seen taking his way into
one or other of the great build
Jugs where the government trans
acts public business, and one can
tell by the look on his face
whether a cert Mississippi
constituent has got his deserts.
Mr.. Byrd looks more like a Yves
terner than Southerner, and when
he felaxes and gets in a congenial
crowd is regarded as one OF the
clever story-tellers OF the lower
house.
The Kemper herald. (Scooba, Miss.) 1875-1908, 1905-01-19
No. 1. Rev. Carlisle r. Is.
Martin, L. l.. ID.

OF Waverly, Texas, writes I:
"Of morning, when first arising,
| often find a troublesome col
lection OF phlegm, Which pro-
duces a cough and is very hard
to dislodge; but a small quantity
OF Billiards. lIorehound Syrup
will at once dislodge it, and the
trouble is over. | know OF no
medicine that is equal to it, and
it is sc pleasant to take. | can
most cordially recommend it to
all persons needing aSmedicine
Tor throat or lung trouble" 25c,
SOC and $1.00. Sold by Ward.
The Kemper herald. (Scooba, Miss.) 1875-1908, 1905-01-19
Snecdy relief.

A salve that heals without a
scar is DeWitt's Witch Hazel
Salve. No remedy effects such
speedy relief. 1t draws out In
hamation soothes, cools and heals
all cuts, burns and bruises. A
sure cure for Piles aud skin dis
eases. DeWitt's is the only gen
nine Witch Hazel Salve. Beware
of counterfeits, they are danger
GUS. Sold by NJ. E. Ward.