The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-09-19
WHAT MIR. LAWSON
DID TO HEINzE
Author of "Frenzied Finance"
Gives His Version of Famous
Mining Stock Fight.
He Played the Montana Man at
His Own Subtle Game
and Won.
Special to The Journal.

Special to The Journal.
New York, Sept. 19.--What Lawson
did to Heinze in the fight between
Standard Oil and the Montana copper
man, is the story told by Thomas w.
Lawson in Everybody's for October
this is the first time Mr.. Lawson IS YER
sion in detail has been made public,
and it makes sensational reading, as
sensational, almost, as anything Mr..
Lawson has done since he began Fren-
zied = Finance
The Boston fnancier opens the story
with a character sketch Of the Mon
tana miner that would seem to call for
nothing short of swords or pistols. He
paints the character of Heinze about
as deep black as ever was painted.
Heinze's First Move.
According to Mr.. Lawson, Heinze,
thru the "Apexo law Of Montana and
the corruption of the Montana courts,
Montana and the Butte & Boston COM
panies. The companies would not pay.
HThen,' says Mr.. Lawson, began
that warfare which has astonished the
world for it's ferceness, cruelty and de-
struction of property, which has made
| Montana justice a byword and dragged
her governmental institutions in the
:
divided into two parties, and Judges
and lawyers and state officers and
| United States senators have been
bought and sold as openly as beer over
a Butte bar. Already the fighting has
cost the contending parties $12,000,000,
and, at writing, there seems little pros
pect of peace.'
Offer of s5,ooo,ooo.
Standard Oil, says Mr.. Lawson, tried
to buy Heinze off. It offered him S., OOO,-
900, and then $5,00O,OOO. But Heinze
held sure hand, or thought he did,
and would not sell out for that amount
and quit. He had had receiver app
pointed for the Boston & Montana com
pany, and by selling '1short' on the
stock market, had sent the stock Of that
system. Something must be done.
Henry II. Rogers, master of Standard
Oil in the field, sent for Heinze and
argued long but futilelv: then gave it
up. "Heinze,'' he said to Lawson after
ward, lis impossible'' The next day
promised panic in Boston & Montana.
The situation was desperate. Standard
Oil must step into the breach openly.
| That was Mr.. Lawson's remedy. Mr..
I Rogers refused. Of this refusal, Mr..
Lawson says:
"Standard Oil is fsure thing oper.
ator. It never enters deal on even
} terms. Its cards are always stacked,
its dice fcogged : and it's boxes fixed.
The truth is that Mr.. Rogers and Mr.
Rockefeller, with all their millions, are
the veriest cravens in an open stock
GAMBLE
:. Plays Heinze's Own Game.
They would not step into the breach
Mr.. Lawson, seeing no other course
: then went to try his hand with Heinze
He talked with the Montana man fol
. hours. Heinze, feeling sure of his hand
not only refused to accept So 100000
!, that had been the price named before
but, put the price to $5;ooo,o0o and
:, by the sense of his power, Heinze final
:, ly delivered his ultimatum to Lawson
in these words:
9 s'Whatever sum Rogers and I agre,
: upon tonight, whether it is three mill
ion, five or one hundred and five, I ge
), it in one way and no other. Roger
, and Rockefeller sign a paper, which
am to publish where please, admit
ting that they came to me and begge'
to settle-you understand, don't You
begged me to settle, and, in addition
< they are to acknowledge that I am al
S right and agree that I shall be presi
|: dent of the consolidated company
!. Heinze Loses Millions.
. Mr.. Lawson was convinced tina
!. Heinze was impossible" by any opel
s method Of persuasion. He says tina
!: he at once decided to play Heinze a
5 his own game. He did, and by man
. ipulation of the stock market the mex
!: day, he put Heinze out of the game
. loser by several millions. The gam
5 was played by Lawson s pretending t.
. turn traitor to Standard Oil and ioil
!: hands with Heinze. He says the enc
: in his eyes then, justified the means.