The Dillon herald. [volume] (Dillon, S.C.) 1894-????, 1919-06-26
THE WOLF OF WALL STREET.
How David Lamar Worked Coup for
Fortune.


Richard spillane in philadelphia Pub
lie Ledger:
No tears will be shed i'll downtown
New York over the affirmation by the
limited States circuit court OF appears
of the conviction of David Lamar, pet
ter known as "The Wolf OF wall
Street.
He has a cunning that is wonder
full and a skill in some matters ina.
is uncanny. At times he mas useu
men of the highest probity as pawns
in the promotion Of his schemes. ohe
illustration will suffice TO sno" the
mans adroitness. On
There was coal strike 10 or zo
wears ago which was fought win eH-
trene bitterness. The coal peopie
would not recognize the union lead
ers. and the union leaders had thelr
forces so we'll organized that produc-
ton was paralyzed. The stock mar
ket was affected seriously.
One day John Mitchell the union
leader was called to the telephone IN
the Hoffman house. After some pre-
liminary precaution, the speaker SAID:
"I am Mr.. Morgan, l wish you
would come to my house in Madison
Avenue tonight at $3.50. I shall have
several men there with whom you
now are at war. If you desire BRING
several of your associates, not more
than three or four. Let us see if dis
passionate exchange Of views can not
bring some settlement to this sense
less quarrel"
Mr.. Mitchell said he would be
pleased to accept.
Later Mr.. Morgan was called to the
telephone and this is the message ne
received:
This is Mr.. Mitchell of the coal
miners union. l believe if you Will
use your good officers to bring about
a meeting of myself and my associa-
tes end of the gentlemen represent
ing the leading coal interests way
be found to settle the strike. prom
ise nothing except our willingness TO
discuss this serious trouble man fash
ion and without prejudice. If you
say so my associates and l will be at
your Madison Avenue home at $3.50
tonight"
every we'll: be there replied Mr..
Morgan.
That evening. three or four of Mr.,
Mitchell's associates rang the bell or
Mr.. Morgan's house between S:15 and
$3.50 and were admitted to the big re-
ception room. where some presidents
of great coal railroads and some bfg
coal operators had assembled. A de-
lightful dinner was served and there
were wine and cigars after which the
gentlemen began to talk. They were
not so bitter or unwilling to make
concessions while they sat in friendly
companionship, and little after mid
night they came practically to an
agreement.
Then Mr.. Morgan in asking all
present to be at his office at 1880 in
the morning to ratify in writing the
agreement, said he wanted to express
his high regard for Mr.. Mitchell and
let all know it was due to his sug-
gestion that this statement had been
made possible through bringing the
conflicting parties together at his
home.
Mr.. Mitchell protested that the cred
it was not due to him, but to Mr.. Nor
gan from whom the suggestion came.
J.P. knitted his brows in surprise.
Then he said, Huh" and let it go at
that.
While the conference was on man
stood in the shadow in Thirty-sixth
street watching the Morgan house.
When the party came out he was
close by while they were shaking
hands and bidding each other good
bye, and saying the'd see each other
again at 10:30 in Morgan's office.
The man who had been watching
hurried to a telephone office and did
some calling to London, where the
stock market opens hours before II
does in New York.
In the morning there were mysterl-
Gus rumors that the coal strike was
settled in a secret conference. The
afternoon before just before closing,
there had been heavy buying of coal
shares. There was heavy buying also
at the opening this particular morn
ing.
At 1920 a. m. there was a wild
whooping in Broad street. John Mitch
ell and party and the coal railroad
men had got together.
Then the market boiled. In shop
in New street a man watched the
ticker and gloated. Thousands and
ten thousands were coming into his
possession every few minutes through
the rolling tape.
They started an investigation for
Mr.. Morgan's information.
"It was the Wolf,' they reported 10
the great banker.
Then and not till then did Mr.. Nor
gan begin to understand how Mitchell
thought Morgan suggested the confer
ence and Morgan thought Mitchell
proposed it.
Lamar always worked alone. That
perhaps. is one explanation of how he
got his name of the Wolf, the lone
wols. He made few friends. He
ga,nbled heavily and lived eXtrava-