The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1919-07-24
THE WOLF OF WALL STREET.
How David Lamar Worked Coup for
Fortune.

town New York over the afhrmatlon
by the United States circuit court of
appeals of the conviction of David
Lamar, better known as ''The Wolf
of Wall Street.
He has a cunning that is wonder
ful 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 u 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 pro-
duction was paralyzed. The stock
market 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:
II am Mr.. Morgan, I wish you
would come to my house in Madison
Avenue tonight at $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
he received:
This is Mr.. Mitchell of the coal
miners union. I believe if you will
use your good offices to bring
about meeting of myself and my
associates and of the gentlemen rep
resenting the leading coal interests
way may be found to settle the
strike. promise nothing except our
willingness to discuss this serious
trouble man fashion and without
prejudice. If you say so, my asso-
ciates and I will be at your Madison
Avenue home at $50 tonight
every we'll; be there" replied Mr..
Morgan.
That evening three or four of Mr..
Mitchell's associates rang the bell of
Mr.. Morgan's house between s:15
and $50 and were admitted to the
big reception room, where some presi-
dents of great coal railroads and
some big coal operators had assem-
bled. A delightful 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 companion ship, and a little
after midnight they came practically
to agreement.
Then, Mr.. Morgan, in asking all
present to be at his Office at 10:30 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
credit was not due him, but to Mr..
Morgan from whom the suggestion
came.
]. 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 we're
shaking hands and bidding each 9TH
er goodbye, and saying they'd see
each other again at 1890 in Nor
gan's office.
The man who had been watching
hurried to telephone office and did
some calling to London, where the
stock market opens hours before it
does in New York.
In the morning there we're mysteri-
Gus rumors that the coal strike was
settled in 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 10:30 a. m. there was a wild
whooping in Wall street. John Mitch
ell and party and the coal railroad