Newspaper Page Text
t! 6 TRU TH. I
I, I LAWSON'S HISTORY CONDENSED, i
l:. 1 '
I j 1 1 A Phlliulolphia weekly publication i
i I " entitled "Seen and Heard" gives the '
j j following condensed account of Bos- '
.1 jjj ton's stock market bear operator:
i ll "Tom" Lawson is tho most vorsa-
I tllo financial fakir that this country
I I has over scon. Ills carcor bogan car- '
ill ly. As a boy ho ran away from school
I threo times hoforo his parents con-
i eluded to abandon hint to tho "Street."
Hero, as a messenger for a Stato
'I street brokerage houso In Boston, lio
II got away with insldo knowledge of
I tho famous Cincinnati, Sandusky &
'I Cloveland deal and was soon i oiling
I in wealth oven beforo ho was old
H I enough to smoko a cigar. Ho played
(j tho market and soon found himself
1 I with only $G0 in his pocket. IIo in-
I I vited his boy associates up to
ii Young'B Hotel to a $50 dinner, and
D I tossed tho waiter tho balanco of his
I I pocket money in order that ho might
1,1 again start fresh in llfo.
II . This is tho truo history and plcturo
II of Thomas W. Lawson as a boy, and
Kl it has been truo of him as a man
I I many times since.
III I Later ho ran a bucket shop In
l I Provldonco and "worked" tho trains
R " botwoon Boston and Providence.
I nil , There nro somo ugly stories concern
11 ing his operations thero which may
l: i bo left to his enemies to run down,
I I I for thcro is enough thnt is picturesque
in his career to warrant not looking
HH'l ' too far Into a shady past.
in Later, with King, tho famous pub-
HI I Usher, ho could bo found in posses-
UjJ I slon of tho Rand-Avery printing
Ml I presses in Boston getting a valuable-
HI Ik education in printers' Ink and ad-
HJjH vortising possibilities.
HIH . Tho croditors of tho Rand-Avery
HIH " uowovcr llful to l'ay tllG bills,
111 H for thoro was soon a great burst in
HID this printing establishment, and those
HI H creditors who wcro fortunnto got near-
HIH ly 15 cents on tho dollar. This time
Hi H ho had scarcely enough loft to Invito
HIH his cronies to a $50 dinner.
HI Ho again wont back to tho "Street"
mJIHf and tho ticker, worked tho "Street,"
Hi II tho "Gulch" nnd tho bucket shops,
HIH! ami later mapped out a weary waste
HI Hi In tho South which ho advertised ns
Hjlgr "Grand RIvors, a placo for clorgy-
HIH At Grand RIvors ho becamo mayor,
HJ'lH sheriff, promoter, and later rccoivor of
HJJD his own town, iron furnaces, etc. Tho
HJIH result was $2,000,000 loss to Now Eng
Hj U I land investors and not oven 15 cents
HJ ;Mj m on tho dollnr to show for it.
HJ i Later ho started tho Lawson Storo
HJ' Hi Scrvico Co., tho concern making cash
Hf if carriers for department nnd dry goods
jfl n stores, and for somo years paying dlv-
HJ B idonds to tho holders of its sharos.
HJ H Lawson first boomed tho stock up
HJ B' from $50 to $G0 per shnro by nows-
HJ paper publications, stating thnt an
HJ ! English company was to buy out tho
HJ, B business at a largo prico.
Hj B Then ho sold It short nnd advanced
HJ B tho prico by other nowspnper publl-
Hj! B cations and all sorts of ingenious
HJ B stock market devices. Ho sent Hying
HJ B through tho markets nnd' ovor tho
HJ m wires telegrams of all sorts of dam-
HJ l aging reports by inquiry,, attacked
HJ W tho credit of tho company and finally
HJ SI forced It to suspend dividonds, in or-
HJ v der to pay its flont'ng debt during
HJ 9 which poriod, of courso, "Tricky Tom"
HJ 1 gathered in tho shares which ho had
HJ m sold short.
HJ HI A Httlo Inter ho was again on tho
HJ h "Street" needing monoy. IIo bor-
HJ r rowed somo nnd entered Bny Stato
HJfj Gas affairs, selling tho stock "short,"
nj3 as ho afterwards testified beforo an
HBIil Investigating committee of tho Massa-
HHIfi! chusctts Legislature, at around $15
HBBb Pr share. Ho banged away at this
Will concern until ho r;ot insldo and be-
ImSi" camo vlco-presldf t. of nil tho Boston
II. ' sas comPnn'0S.R"J- anrt J- Edwnrd Ad-
dicks as his side-partner. Then ho
delivered Addlcks and tlio Bay Stato
Gas assets over to II. H. Rogers and
becamo a side-partner with tho Stand
ard Oil people.
Ho magnanimously declined to take
any money for his work as tho com
pensation that would bo tendered
would, of courso, not meet his Ideas
of a future "billionaire." Ho thirsted
for larger schemes. Tho Boston Gas
field was too small.
So ho seized upon tho copper Indus
try of tho world and filled Rogers and
Rockefeller with illusions of wealth
by making Calumet & Hecla of holes
In tho earth. But beforo ho got tho
Amalgamated Copper Co. started ho
was again In distress and II. H. Rog
ers, William Rockefeller and A. C.
Burrago, now directors of tho Amal
gamated Copper Co., camo to his re
lief and took ovor his Butto & Bos
ton copper mino at $20 per share.
They formed tho Amalgamated
Copper Co., bought tho Anuconda and
other Montana mines for less than
$40,000,000, Mr. Lawson now declares,
and turned them over to tho public
In this deal Lawson did not share.
IIo did tho promoting, tho adtf ortlsing,
tho booming, tho bidding, tho stock
manipulating and tho public decep
tion. But tho Standard Oil people
cruelly divided tho spoil and kept him
In tho hallway awaiting his time.
After they had worked off thoir
Amalgnmated Copper, they gave Law
son's Butto & Boston a royal turn.
What had cost Lawson $20 a share
thoy put into Amalgamated share for
share, when Amalgamated was selling
around $130. This mado Lawson a
multl-mllllonalro and ho immediately
branched out with horses, yachts, a
million-dollar stock farm, and a claim
that ho alono was tho gas king, tho
copper king, tho defender of tho
Queen's cup nnd a lot of other stuff
that will go down in history as Tom
Again ho plnyed tho stock market,
but his expenses were heavier than
tho ticker tape could supply. His
millions shrunk and shrunk and his
debts didn't diminish.
Today ho is outsido tho palo of 2G
Broadway, making faces in tho
"Street" and threatening to smash tho
windows or blow up tho buildings or
destroy tho entire financial structure
unless ho Is settled with and given
somo moro things to play with.
IIo now hns no yacht, no Bay Stato
Gas shares or treasury, his horses are
dwindling In number, and thero is
left only to him his work for a ton
cent magazine, his "ticker talk" and
what ho can mnko between tho two
His primary uso is that of an at
tacker of values, and his only posi
tion is that of a bear in tho stock
market. IIo lifts prices only to soil
short and Is now in exactly tho placo
whoro C. W. Barron of tho Boston and
Philadelphia Nows Bureau, said years
ago ho would land a stock market
bear attacking tho public securities
and finding his occupation and monoy
In nowspnper "attacks" and literature
and nowspnper advertising devoted to
threats of dreadful things ho is going
to do but never does.
He Is a bugaboo, affrighting tho
souls of timid investors, filling tho
public ear with fiction and their
mouth with sand, whllo ho nsslsts to
empty their pockets of millions that
he may gather somo pennies for hlm
solf. noston Nows Bureau.
A llttlo burning is a dangerous
Ho ' 3ts at cigars that never smoked
Many aro called gifts, but few are
Thero's many a slipper between
A morality play, founded on Bun
van's "Pilgrim's Progress," has been
successfully produced at Birmingham.
Good to Remember.
You can't be happy when your mind
is filled with bitter thoughts. Flowers
won't bloom In a collar.
Willing to Purchase Experience.
Experience is a dear school, but
some people don t value anything that
- "fit Ovr-pnnlyp
Must Have Been Used to Protests.
A Chicago automobile on a rnmpagj I
skipped tho sidewalk, and took a Hi
header into a basement cobbler shop m
turning a few somersaults, and fin! '
ally stopping, sputtering, with its 111
wheels revolving in tho air. The old m
cobbler was found jammed into a cor. (I
ner of tho shop, unhurt, but dazed H
"What did you think of it?" his res!
cuers asked. "I fought," ho gasped,
"dot it vas a customer vat vas mad I
about bees shoe! " V
I Any $2.00 Glove
Including The famous "Trefousse," "Mo- I
zart,' '"Elsie" (& 'Nicholas 'the big 4 I
leaders will be placed on sale for one week I
1 at $1.25 a Pair.
All Elbow and Shoulder Lengths in B
Evening Gloves at . . . J H
Half Price j
The New York 1
Cash Store. I
m1"" " " .i. -..-(i r - - t , riHHH