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
As he left the hotel and before I crossed the street to the Grand
Central to take my train back to Boston--I suppose I should not say it,
but I shook my own hand in self-congratulation. How many times since I
have thought that had old Dame Fate but hung out a danger-signal for
this faithful servitor of her behests, or had but given him a glimpse
ahead through the years 1899, 1900, 1901, 1902, 1903, and 1904, instead
of using his hands in cordial self-clasping he would have employed his
feet in the more fitting task of kicking himself.
If Henry H. Rogers had been slow at getting started on "Coppers," once
in he made up for his early tardiness. After our Sunday interview things
moved swiftly forward. Before noon next day he called me up on the
telephone to say that both he and William Rockefeller were impatient to
have my facts and figures verified, and would I at once send my data to
start his experts on? I mailed him a bale of "pointers," and from that
hour until the flotation of Amalgamated Mr. Rogers' enthusiasm on
"Coppers" constantly grew until there actually came a time when it went
beyond my own. It took him months to complete that rounding-up of the
situation which is the absolutely necessary preliminary to the making of
final decisions on any far-reaching and important project to which the
magic name of "Standard Oil" is to be permanently attached.
This period of waiting I duly improved by continuing my fight on Butte &
Boston, and by way of intensifying the campaign I included Boston &
Montana in the tussle, and led a fierce attack into the stronghold of my
opponents. While this war was at its bitter height I received word from
26 Broadway that at last reports were all in, and that they were ready
to talk business. Next day I was in New York.
"Lawson," said Mr. Rogers, "our experts have examined your plans step
by step and have verified your conclusions. It is an exceptional
situation, and one we are equipped to handle."
Then and there we had a "to-a-finish-sit-down," and while I had in my
time gone pretty thoroughly into the general subject of "Coppers," and
thought myself well informed thereon, I was surprised at the
completeness and detail of the reports that had been prepared for the
"System's" master. In beautiful shape, concise, clear, comprehensive,
the entire copper industry of the world was spread out before me. Every
mine had its place and its history--not merely the mines of America, but
those of Europe as well; and fully set forth were the extent and cost of
the product of each, the profit it made, the men who owned it,
and--miraculous "Standard Oil"--the standing, financial and otherwise,
of the men who might have to be dealt with in our prospective trades.
Rogers smiled watching my growing surprise as I ran over the
extraordinary budget of facts he had collected. I said to him:
"This is wonderful. You have here all there's to be known about the
subject, and I marvel how you got hold of so much inside information."
Public-domain text, read in full here on John Shaqi.
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