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
To return to my story. To all appearances, the gas war was over. We bore
the palm of victory, but looming up before us was the task of getting
together the six millions which Rogers must have by November 1st. That
paid, the companies became permanently ours. It was a period of
unremitting effort, but the prospects of success were excellent. Addicks
had got ready a new lot of Bay State stock, and I had prepared the
public to take it. With the proceeds of this stock and the securities
which Rogers would turn over to us, we should have money enough to meet
our engagement, always provided no slip-up occurred. Since the May 1st
settlement our relations with Rogers had been satisfactory--I should
say, _my_ relations--for he persistently kept Addicks and his crowd at a
distance, refusing to have anything to do with them. But it's hard to
keep a big pot boiling in the open without some intruder smelling the
savor of your soup and sneaking up for a mouthful. Though secrecy had
been solicitously preserved regarding the details of our bargain with
the "Standard Oil" magnates, certain of the camp-followers of "Frenzied
Finance" had nosed out the facts, and at the very moment when our
position and prospects seemed most secure a plot was being laid, which,
as after-events will show, came close to bringing about the destruction
we had thus far managed to escape.
As the time of settlement drew near, it became necessary for me to have
frequent conferences with Addicks and his directors, and we opened
head-quarters at the Hoffman House in New York. It was my habit to come
over for a short time every week, when we got together, reported
progress, and discussed future moves. It was at one of these gatherings,
on Friday, October 16th, that we had intimation of our peril. I had come
down on the midnight train from Boston and was brimming over with
pleasant news and agreeable anticipations. The day and all other things
seemed good to me. The air was crisp and the morning sun gleamed
brightly on the red and yellow autumn tints of the trees in Madison
Square. For a moment I stood on the corner beside the naval monument
watching the down-townward procession of cabs and coupes in which the
spider aristocracy of finance makes its way to its webs in Wall Street
and lower Broadway. In the parlor of Addicks' suite at the Hoffman the
directors were gathered when I entered, and with them was Parker
Chandler, the Bay State's general counsel. We got down to business at
once. I told them how well our affairs were moving in Boston and
listened to their tidings of progress elsewhere. We were all in the
merry mood of success. The past was nothing but a bad dream; our
thoughts were on the rich moments beyond November 1st when we should
handle and know the real currency of our victory.
The telephone bell rang. Some one wanted Addicks quick.
Public-domain text, read in full here on John Shaqi.
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