The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1905-01-20

In the February instalIment OF
''Frenzled Finance" in Every body
Magazine. Thomas Lawson begins
the real story OF AmAlgamated and
he deals the same telling blows
against the crimes committed by the
"system" fearlessly. Telentleasly
aud suggests for the first time that
he has what he believes will be the
only remedy for our present TN
stable financial and industrial ma
tional structure What the remedy
is he does not indicate. but says
that he will before he completes his
series OF articles.
In leading up 20 the story Of
AmalgRmated. Lawson tells how its
promoters rugged up the famous bull
market. pushing the stock up TO 1913
In order 10 unload IL onto an unsus-
pecting public and clean up millions
by the dirty transaction.
Lawson says:
Before my eyes. with blind and
Rudacious defiance OF my warnings.
the old. old game was rugged I'm full
view of the audience and the old
players began their venerable an
ties. In the meantime the System
attended TO It's own role In the con
spiracy out of fits banks
and trust companies the public's
money for the gamblers TO make the
game with. Then began the artful
process OF working up the market:
stocks gradually climbed higher and
higher Amalgamated assembled
from the forties into the fifties and
the sixties and even into the eight
les: steel assumed the appearance
OF life and grew from 10 slowly up
ward into the twenties and thirties.
Every day In the Stock Exchange
hundreds OF thousands OF shares
changed hands back and forth
among the professionals who Justify
played their parts in this financial
melodrama. The good old myths of
great fortunes made by lucky in
yestors began 10 reappear in the pa
pers. Sales increased, values jump
ed rather than climbed. The trap
was set: the market made. The
willy manipulators rubbed their
hands gleefully The public began
to bite. 10 buy. II was then only a
matter OF sizing up the wool crop
before beginning the shearinE
Before | detail the steps I took
to spring fits own trap on the 'Sys-
TEN. | should explain that this mar
ket was purely an artificial one.
The immense advance OF prices was
not brought about by any honest
methods or legitimate causes. The
Systems votaries had enormous
quantities OF stocks-millions upon
millions OF shares. bought when the
people during the past two years
were compelled TO throw them over
board az slaughter prices. BY en-
ploying one of the Oldest swindlins
devices known 10 finance. they tfaat1!41ll
bid prices TO any figure they de-
sired Honest financial writer's
called attention each week to the
tactics OF the manipulators and de-
clared the high quotations untusti-
fable and unreasonable.
AT this stage of the game that
felt sure Immediately preceded the
unloading signal, | determined 70
test whether the people had really
digested as well as absorbed the cold
facts had been ladling out to them
in my story OF 'Frenzied Finance
whether they had grown wise
enough 10 heed my warning. So on
Monday. December 8, carefully
prepared the following advertise
ment. which was published Tuesday
morning In the great papers of the
great cities OF this country, and
later I'm Europe"
Lawson then introduces the STA
meus ad, wnich Enc sta published
IN aaaiu full nj thetinre. ~ 10 the
effect ofsfhis Al. I-sys.3trs sss<ea
"a Tuesday. WrSrIS and
i 100 sda she Aonle sqksher stosk
,y%Sko 'syston8 vot&ies atssshe