The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1905-05-26
THOS. LAWSON
Lays bare the Crime of the
Amalgamated.
JUNE EVERYBODY's
Contains Interesting Account of Monster
Steal Written by the now Famous
Thomas W. Lawson In
the June number

~
sT'm million dollars poorer than
l was q year ago, and I'm glad Of
it, and trust with the help of God
will have been able to spend millions
more by the time my Remedy has
taken away-legally mind you, and
fairly, mark you-taken away from
the few the stolen billions and return
ed them to the many from whom they
have been plundered. - In these
words Thomas W. Lawson introdu G.
ed to the press of the country today his
June installment of "Frenzied Fin
ance' in Eveybodys Magazine, which
is out this week.
In speaking of the. Amalgamated
deal, at the time when he says Rogers
substituted cheaper stocks for valuable
ones which Laswon had advertised, he
says:
~ found myself wondering if there
were not some stage at which man,
cornered by arbitrary conditions and
legal observances, was justified in
bursting all such trammels and meet
ing artifice with physical violence. At
least a dozen times in my wrestle
with the exaspearting. grinding, hell
generating machine. it was only my
Unborn reverence for Gods law and
mans that prevented me from-well,
shall say, strangling the fox.
''You mean that shall 60 ahead. -
said he to Rogers, "and make glow
ing and generous promises, on the
strength of which the public will put
up their money. and that if these
promises for any reason are not carried
out, I alone shall be the one to face
the music Is that what you mean,
Mr.. Rogers p
s'Just that he returned. "You
are making millions out Of this en-
terprise, and consider this one Of the
places where you earn them. =
''Not if every one OF the millions
you mentioned we're multiplied a
thousand times, Mr.. Rogers, do 1
say one word to the public to induce
them to part with their money-not a
word that will not hold you and Mr..
Rockefeller. Stillman and the City
bank to full responsibility-not if,
on the other hand, become a
pauper. !"
Rogers became more reasonable, and
agreed to assume portion of the res
possibility. Advertisements were
issued of the sale of Amalgamated,.
1t was the biggest deal that Rogers
and Rockefeller had ever been in, the
stake of their lives. The subscriptions
began to come in. II wondered
where the dollar hydrophobia would
end, ''says Lawson.
The next day he got tip from
IS Broadway that the pair were plan
ming to s'do' him by offering more
than five millions of the subscription
foor public sale. The vainly pleaded
with Rogers to allow him to keep his
promises to the public about Amalga-
mated, and Rogers told him he Law
son needed a rest; that Gen. Flower
would thereafter take charge of the
stock on the market.
When the deal was worked q bogus
subscription of five or six millins was
put in.
In this waythe conspirators secured
fro m the public $26, 413, 500 of the
original cost. $50, 600, 900, and yet re-
tained over $48, SOC, 900 Of the authoriz-
ed stock of SIS, 900, 900. In other
words the public paid two thirds Of
the purchase price, and the conspir
ators retained nearly two-thirds Of the
property.
The fraud thus prepetrated amounts
to this Every subscriber legally en-
titled to three shares Amalgamated
stock was deprived of two Of them by
the National City bank. and the proof
is to be found in the books Of said
National City bank.
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