Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1919-06-20
THE WOLF OF WALL STREET.
How David Lamar Worked Coup for
Fortune.


No tears will be shed in downtown
New York over the affirmation by the
United States circuit court of appeals
of the conviction of David Lamar, bet
ter known as 1.-The Wolf of Wall
Street"
He has a cunning that is wonder
full and a skill in some matters that
is uncanny. At times he has used
men of the highest probity as pawns
in the promotion of his schemes. One
Illustration will suffice to show the
mans adroitness.
There was a coal strike Is or 20
years ago which was fought with eX-
treme bitterness. The coal people
would not recognize the union lead
ers, and the union leaders had their
forces so we'll organized that produc-
ton was paralyzed. The stock mar
llet 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:
Il am Mr.. Morgan, I wish you
would come to my house in Madison
Avenue tonight at $3.50. l 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 he
received:
This is Mr.. Mitchell of the coal
miners union. l believe If you will
use your good officers to bring about
meeting of myself and my associates
and of the gentlemen representing the
leading coal interests a way may be
found to settle the strike. l promise
nothing except our willingness to dis
cuss this serious trouble man fashion
and without prejudice. If you say
so, my associates and / will be at your
Madison Avenue home at $50 to-
night"
VERY we'll; be there" replied Mr..
Morgan.
That evening three or four Of Mr..
Mitchells associates rang the bell of
Mr.. Morgan's house between Sis and
$3.50 and were admitted to the big re-
ception room, where some presidents
of great coal railroads and some big
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
concession while they sat in friendly
companionship, and little after mid
night they came practically to agree
lnent.
Then, Mr. Morgan, in asking all
present to be at his office at 1890 in
the morning to ratify in writing the
agreement, said he wanted to expl ess
his high regard for Mr.. Mitchell and
let all know it was due to his sug-
gcstion that this statement had been
made possible through bringing the
conflicting parties together at his
home.
Mr. Mitchell protested that the cred
II 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 goodbye, and say
ing they'd see each other again at
1O30 in Morgans 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 1t
does in New York.
In the morning there were mysteri-
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 1O:30 q. m. there was wild
whooping in Broad street. John Mitch
ell and party and the coal railroad
men had got together
Then the market boiled. In a shop
in New street n man watched the
ticker and gloated. Thousands and
tens of thousands were coming into
his possession every few minutes
through the rolling tape.
There were persons in Wall street
who considered it queer that some one
had anticipated the coal settlement
and Cleaned up"
They started an investigation for
Mr.. Morgan'S information.
1T was the Wolf" they reported to
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
cot his name of the Wolf. the lone
wolf. He made few friends. He
eambled heavily and lived extrava-
gantly. He played no favorites When
Won Rintelen came here with big
bribery fund to promote German pro-
paganda and prevent munitions from
being shipped, Lamar was one OF the
first to grab him. What Lamar did
to that fool Germans bank account
was n wonder.
Won Rintelen went to jail. Lamar
after using every legal device to keep
out. is going there also.
TRUTH ABOUT FRANK CASE.