Frenzied Finance, Vol. 1: The Crime of AmalgamatedLawson, Thomas William
History
Frenzied Finance, Vol. 1: The Crime of Amalgamated
Lawson, Thomas William
Amalgamated Copper Co.; Gas companies -- Massachusetts -- Boston; Insurance -- United States; Speculation; Standard Oil Company
From that night until one bright morning ten days later, I was visiting
other worlds than those of finance and gas; but on the tenth day they
told me I had eluded the grim ferryman and, barring accident, might get
out into the world again in five weeks. A suspicion which owed its
origin to that glimpse of Addicks on the first night of my illness
awakened in my mind, and the following day I sent for my principal
attorney and demanded an exact statement of what had happened in the
interval of my illness. He had kept close track of all that had
occurred, and the facts he revealed, calloused as I was to the thought
of Addicks' baseness, horrified me by their cold-blooded villany. My
associates had gone ahead with a vengeance, without waiting a minute to
see whether I should live or die. My offer to the Legislature had been
withdrawn; Addicks had substituted his name for mine in all the
documents, and then he had traded with Rogers. It had been arranged
between them that Whitney should go on and get the charter, which was to
allow the company to sell gas at any price, for it was not to be under
the supervision of the gas commissioners, who had pledged the public
that the price of gas in Boston should not ever be more than $1 per one
thousand feet. This obtained, a new corporation was to be organized,
into which Rogers would merge his companies, and Addicks our Boston
properties, in such a way as to leave Bay State stock and bondholders
high and dry, while Addicks, Whitney, and Rogers reaped tremendous
profits. These amiable plans were being hammered into shape at top
speed, and unless I could get into harness at once, my friends and I
would most certainly be ground up. Head-quarters had been opened at the
Algonquin Club, and there Addicks, Whitney, Towle, and the lawyers and
lobbyists were holding day and night sessions.
There was but one thing for me to do, and I lost not a moment. I sent
for my doctors and said: "I will devote to-day, to-morrow, and next day
to getting well; but on the fourth day I will be moved in a special car
to Boston and then to the Algonquin Club." I explained the situation and
showed them that regardless of all consequences this must be done.
Public-domain text, read in full here on John Shaqi.
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