The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-12-17
LAWSON De MES
THAT He 6 BROKE.
Admits, Tho, He Has Put
Another Mortgage on
His Real Estate.
Declares Coppers Will Go
Down, or He Will
..@ Go Under:
Special to The Journal.

Special to The Journal /;
w 0STON, Mass, Dec. 16.-While
R admitting that he has just,
s clinehesl ynortgage e: fer:
1885,. 900 on his I,a Tstuse, additssSa
to the recent mort! fof $265, 900,
Thomas w. Lawson day snilingly de-
MED that he is e brite. IS He did own
that for several months he had been
headed in that direction at a rapid pace,
and that unless the market changes, he
will reach that goal.
'There is no use in denying it, he
said when this question was asked of
him. "Those who are most interested
to know already know it. They know
that I have been on the wrong end Of
the market. It jars my sense Of per-
spicacity to have to admit it, but a fell
low must expect to have that feeling
when he goes into the stock market. I
have played my hand right out in the
open. I have said that certain con-
dition existed. This consequence has
not yet arrived, but it is as sure as
Christmas is to come--or I'm broke.
tr Denies Trickery.
"Oh, I've heard all that before,'' he
interrupted, at the suggestion that many
thought his actions were exactly in the
opposite direction from his words, as
set forth in his advertisements, and
that he was tlong'' Of the +" System 81
pet stocks instead Of tttshort" Of them.
''This is the sort Of a yarn that any
little fellow on the curb can start, but
the real fellows sitting at this game
would write me down as an ass if at
tempted to give them any such bluff.
They know in New York, and to a GER
tain extent they've got it right.
~ did set forth in my advertise
ment that the $10,000,000 pool which
was handling has suffered a loss of
$3,6O0,O0O. That was the fact, altho
if you subtract the 8 per cent dividend
that I previously paid to members of
that pool, the loss is 20 per cent, in
stead Of SO per cent.
Few in the Pool.
"You may say, if you care to do SO,
however, that this also was made up Of
only Lawson and few assistants. /
and my close assistants subscribed six
tenths of the first pool. The balance
| was made up by rich men thruout the
country who believed in me, and who
could afford to lose If they had to. The
| best evidence Of this belief is the fact
that when I gave notice of a loss Of
| $3,600,000 and that they could with
draw their balance. not one did SO. On
the contrary, some Of them took pro.
/ portion of the additional subscription
of $5,000,0oO."
Mr.. Lawson refused to give the
names Of the wealthy men assisting
him, but intimated that they are large
New York operators.
Copper Metal Held Up.
Mr.. Lawson pointed to proof that The
copper metal is being held up in the
fact that some copper stocks are moi
worth much more now than when cop
per was away down. He said:
ttHere's Calumet & Hecla selling TO
only a few dollars more than when cop
per was IL cents, and Bill Green g mine
\ the fourth largest producing mine il
the world, where everey cent increased
i price Of copper means millions, is sell
ing for less than it sold for when th'
metal was only s1&fcents pound
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Continued on I'd Page. 4th Column.