Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1905-05-25
9e Tells Of Perfdy OF tt e
Standard Oil Magnates in
Amalgamated Bubble.
WAS MONUMENTAL STEAL
He Claims He Was Entrapped by
Them, Then Brow Beaten and
cajoled Into Joining Their
Piratcal Plans.

launches into his promised exposure O
Amalgamated." the great copper dea
which set the financial world Graz
five years ago and by which, Lawson
says, the Standard Oil virtually robbie,
thousands of poor investors Of man,
millions and then cruelty let the bubbl
hold the sack.
MIR. Lawson's article is a very Ion,
one. He tells how the company wal
organized. He conceived the plan al
\ Il legitimate investment and then sub
inltted 1t to Mr.. Rogers, Rockefeller'.
right hand man, whose assistance h,
needed TO finance the project.
Made Rogers His Fortune.
| However one looked at the situa
tion, says Mr.. Lawson, cit was evi
cent that Henry H. Rogers and Will
stake OF their lives, though how great
the stake was no one at that time
guessed. Since then they have stead
/ NY forged ahead, both in riches and In
influence, until today they have actu-
ally supplanted John d. Rockefeller ir
the kingship Of finance. Then, though
his had always been the master mind
of Standard Oil,' don't believe Mr.
rogers was worth, all told, over s12,-
100000 or sl5.0O0.000. while today he is
probably hundred and fifty times q
millionaire.
SO far as man could do had safe
guarded the public and my own repu-
tation. aid believed that the assur-
ances | had secured eliminated all OBJ
portunities of fleeing investors. We
mad forLvtlly agreed. and Mr.. Rogers
and Mr.. Rockefeller had each pledged
ne his solemn word, under no circum-
stances to sell to subscribers over S.
100000 of the stock. and to place at
my disposal the s5.OOO,Oo0 cash re-
the purpose of protecting the stocks
SO that it should never decline below
par"
Frenzied Finance Indeed,
The enterprise was assuming unheard
OF proportions. Instead of millions, the
subscriptions We're running up into the
tens and hundreds of millions. Where
upon Rogers remarked to Lawson:
Lawson" he said, this is some-
thing unheard of, unprecedented. The
bank is being buried under subscrp-
lons. Stillman says he is adding scores
Of clerks, but that he cannot possibly
keep pace With the subscriptions. Mr.,
Rockefeller is very nervous and
must confess to feeling a bit of rattle
myself 1t now looks as though the to-
tai would run into fabulous figures. The
~ '' e ',le 1'ei'ls sWaHped with Or
l leas from le Europe. Ihey alone will
piopao!y put IN more than ten millions.
wall street has lost its head entirely,
and our people at 26 Broadway are COM
ing in asking advice and doubling and
trebling their subscriptions. If we don't
keep our heads something bad NAV
happen, for it looks now as though the
cash the subscription is tying up would
make money pinch. This affair must
'Of he allowed N .;+1,
hat do your reports from Boston and
the country SHOVE"
Makes .mso, r..;a
-. .,,,-,.e
,,.il 49, S'ilie gay OF reckoning.
h W as'i La Mso,, discovered mat ne had
:, -, 49,, us1n as q eau paw ana mat
l.''sels, 5sockeiellef ana Stlllman had
~ , pe.e,'!en 70 elirlllate MN from con-
.i,1a, " as an ac1lve factor, had de-
1.',h ~ "ll'iol,lii,te more OF the spols
~ .t a;.l use IMAM me original under
e e.'.:s'.iiis ,i.'u ProNiaed. Lawson was
800, =. :. uioNe 20 Rogers ONCE,
i1''o ny looiil "ilholt ASKING per-
. :. SOL sioli ui the al'ehaahts and an
,iouilee" nus presence IN raging tones
What does ms mean Lawson?"
:. !; no ,' one ever enters Mr.. Rogers room
"ilIloul ms PERMISSION.
~ means that | have just learned
you ana s1lllman nave decided to break
your Solemn promise to me-"
urea 10 control myself, but the seethe
" rage ailhost choked me- 1T means
suu nave deelded 10 take more of that
!, l, money IMAM the hNe mil
i e1, we agreed upon' ana that means
IN ~,
NJ iNosels s,ooa UP, MS Jaws set as
VI .ileil iast moro ana. recognizing the
,,, 'aia. ne il1et ms no. WIN me nerce
ailssi n.tll eApected ana hoped he
v ouio eho"' put WIN qulet earnest
81. ~,
SIP JUS lhele' naWson-rernem-
~. . ,'.. ale OH ~, my oiilce' VINO gave
gu inns tale!
never liihu. is IL true Are you
~ ,s,, ~ i,,tand ~ liz pioiiiise 70 me!
han five millions ~.
Takes BuII nv Horns
He hesitated only second 1ns+ !,
,ity: then slowly and calmly. ..yes
t has been decided thnt conciaarins,
he tremendous n1mher ana a,,n,,,t.,
If the subscrintinn II win he has, 10
rive them more ~
"How much more ." shouted Gov
VAS beside mvs.lf ~
Ten millions in all" no e1ou.,,, 81
;wered
N ' E us.S Mr.. N9s&s'sl's'' s''''m'n'
H.. L., 4