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
My readers will not object if I again call their attention to the
inevitable workings of the law of compensation. The losses occasioned by
the market action of Bay State stock in these four days so mixed up
Braman and Foster in their financial accounts that later they were sued
by their client, Buchanan, who in court stated that he in turn was so
confused as to what was done in connection with this business that he
really knew less after it was over than before the suits were brought.
But one thing was indelibly impressed upon his mind--that his bonds had
disappeared in the whirl and he had not received anything for them. I
think this suit is still pending.
CHAPTER XXVIII
PEACE AT LAST
When the curtain fell on the closing scene of the performance in the
Delaware court there ensued a brief interval of quiet in the affairs of
Bay State Gas. Rejoicing in the temporary diversion of public attention,
the chief actors proceeded to assume their former roles, and soon
affairs began to move at their old gait. Rogers took possession of all
the Boston gas companies and patiently awaited the coming down the pike
of some traveller with more money than brains. Having successfully
corrupted the State of Delaware, Addicks was being measured for the
senatorial toga, when accidentally the blind lady dropped her scales on
his unprotected head, which catastrophe laid him out long enough to
enable another to sneak the prize he had so long striven for. We are not
at present concerned with the affairs of Delaware, and it suffices to
say in passing, that after a heated contest one Richard Kenney was
chosen to the senatorial seat Addicks had so long coveted, and that this
man, a typical Delaware vote-rancher, after being sworn in as United
States Senator, was brought back to Wilmington and tried for robbing a
Delaware bank, his accomplices being some other heelers of Addicks. The
disclosures made in the trial showed that the case in all
characteristics conformed to the Addicks standard of indecency, for the
bank officials, not satisfied with "blowing in" every dollar of deposits
and capital the institution owned or controlled, had actually "lifted"
in addition the building in which the bank was situated. One of the
court functionaries who had heard the evidence tersely remarked: "Talk
about stealing a red-hot stove: this is a case where they took the
funnel with it to keep the draught going until they set it up in a new
location!"
Public-domain text, read in full here on John Shaqi.
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