The Intermountain Catholic. (Salt Lake City [Utah] ;) 1899-1920, 1905-07-15
HOT ROAST FOR LAWSON.
A. H. Tarbet Declares "Frenzied Fl
nance" Man Buccaneer.
From the Salt Lake Herald.

| Lawson is the Duccaneer OF the cor
ruption market declared A. II. Tar
bet yesterday in the course of talk
on business conditions of the country.
Mr.. Tarbet is just home after spend
| ing several months in New York, du-
ring which time he was in close touch
with leading financiers and brokers of
Wall street When the name of Thomas
w. Lawson, was mentioned Mr.. Tar
bet early made it clear that he is no
admirer of the Boston author-finan-
| cier, but on the contrary, believes
Lawson is actuated by selfish motives
in his messages to the public.
'Mr. Ridgway, publisher of Every
body's Magazine, said God raised GER
tain persons for certain things" re-
marked Mr.. Tarbet meditatively. He
said God created Washington to win
| the nations independence, Lincoln to
emanciDate the slaves and Lawson to
| break up corruption. ! suppose you
read about the speech Lawson made in
Kansas the other day. And, no doubt
| you have heard that Jerome said:
/ i didn't bring my press agent with
| me, and l am sorry, because Gndicat-
! ing Lawson) l think the third rail is
| loaded.
Calls Lawson Buccaneer.
This man Lawson is the buccaneer
! OF the corruption market. Most of his
| epistolatory messages to the public
are advice to the widow and the orphan
to sell, sell, SELL. All the time he is
talking to the widow and the orphan
he and his gang are away short on the
market He has scared thousands in
to selling at a loss and, by breaking
the market, has caused any number of
suicides, some of which are directly
charged to Amalgamated stocks. For
fear the widow and orphan might sell
short, he advises them not to sell
short What is known as the Lawson
smash came simply because the. 'sys-
tenn permitted Lawson to break the
market and buy at lower figures after
selling at higher figures. When he is
sued his bombastic Thanksgiving proc
| lamation' the system did not allow
the market to drop. and his psyche
logical moment consequently, was not
there. Evidently it had been misplaced.
Then he came out and said he was just
getting off a joke on Wall street.
THE Kansas City Times, in COM
menting on the banquet at the Knife
and Fork club, lauded Jerome as the
chief enemy of political corruption,
and Lawson as the chief enemy of
commercial corruption There is
question as to how Lawson is entitled
to be called an enemy of corruption,
as in his own articles he admits hav-
ing done all the dirty work for the
system he now so vociferously de-
cries. Of course, no sensible or
thoughtful person takes Lawson seri-
ously. All the people who have fol-
lowed his advice are his victims to
immense amounts of money. At the
time he was advertising in all the
New York papers that would accept
his advertisements, using from a half
page to full page to say that ANAL
gamated would sell at 81, he and his
gang were covering their short inter-
ests at about 60 and taking on heavy
lines of long stock.
Plays Both Ways.
1T is noticeable to all observers that
Lawson has long periods of 'innocu
Gus desuetude.' in which stocks are
allowed again to reach a higher level,
when Lawson and his gang again I'M
load on the widow and the orphan and
let out a long line of short stock, while
Lawson Immediately begins to look for
a psychological moment 1t is quite
generally accepted as a fact in Wall
street that the tip on the psychologist
cal moment comes from the system
which he pretends to decry, who have
already themselves unloaded to a large
extent their long lines of stock. But,
having more decency than Lawson,
they content themselves with simply
Withdrawing their support from the
market, and do not sell short, which
is a lightly-veiled phase of robbery.
There are three kinds of bears
one, the pessimist to whom stocks are
always too high: another, the unscru
pulous, who win sell something he does
down own and then circulate lying
rumors for the purpose of forcing down
the value of other mems property to
buy back the stock he has already sold
under short contracts; the third is the
honest Spectator, who bases his opin
ion on the earning capacity of certain
stock, or upon a stock that has beeIf
pushed unduly high by the bulls
through methods not less mendacious
than those employed by the second
class mentioned, and takes on short
contracts accordingly. Not much can
be said agains the last-named, because
specializing in stocks is only one form
of gambling, anyway.
Makes Comparison of Methods.
IF Lawson We're sincere in his Kan
sas speech. when. in his anarchistic
utterances, he advised the taking away
forcibly of the systems dishonesty
acquired hundreds of millions, why
does he not show it by turning over
to charity the multi-millions which he
has acquired in a much more men
dacious way For these men-John D.
Rockefeller. William Rockefeller. Rog-
ers and the Test-have builded in the
country and have given employment to
countless thousands of men, while Law
son through most of his life has been, |
not a builder, but tearer down. To
hp
$4,000 for the Lawson carnation'; built
yacht at a bragged-of cost of a
quarter of a million to compete in the
race for the Americas cup, but which
he did not do because the New York
Yacht club unceremoniously kicked out
his application, and for his charity
sold to the widow and the orphan Trim
ity Copper and Arcadian.
After his inglorious tilt with Dis
trict Attorney Jerome, Lawson very
anXiously inquired of the newspaper
reporters who surrounded him what
they thought of his reply-if they did
not think he had got back at him ,
Then, vainglOriously Shaping his knee
he shouted:
g I know the people are with men
IF he had said some of the people
naming the anarchists, bunko men and
that class of human jackals who never |
having been able to make any success
themselves, are always willing to go
yelping at the heels of the men who
achieved riches through their own in
dustry and acumen-he would be right |
These are his followers. Certainly
those who have lost money through his
stock jobbing operations and sold their
stocks at d great loss, to his aggran-
dizement cannot escape a feeling of the |
deepest resentment towards him"
West Has the Money.
Mr.. Tarbet says he is amused by
statements in the financial papers of !