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
At this juncture there occurred one of those strange and sad fatalities
which with its attendant circumstances helps to explain why those of us
who play with stock-markets grow superstitious. I have spoken of my
secretary, Mr. Vinal, a man of admirable discretion and absolute
loyalty, who was my right hand in executing the minutiae of the various
operations I then was engaged in. In such affairs the fidelity of one's
aides must be beyond all question, for if the merest detail of one's
plans leaks out at the critical moment, one is undone beyond recovery.
After my talk with Addicks I had laid out the campaign for the next
day's engagement and called in Vinal to explain to him his own part. He
was to attend to taking up and transferring the loans that had been
called, and I armed him with my power of attorney and blank checks,
instructing him to put these matters through without further
consultation with me, for my entire time must belong to my brokers
during the battle of prices which I knew must inevitably come with the
stroke of the gong that opened the Exchange next morning at ten, and
which would rage until its close at three. As I had anticipated, the
assault was fierce. It was give and take, charge and retreat, all day. A
few minutes after twelve, Vinal pushed through a crowd of brokers to me
and said: "I'm about half through my shifting, but a telephone has just
come from Mrs. Lawson saying that something has happened at the school
and will I at once get a carriage and bring your daughters home. It will
take half an hour. Shall I go?" I replied: "You had better, but get back
as quickly as possible." A minute later a thought occurred to me, and I
sent a boy to call Vinal back. He reported that my secretary had jumped
into "Ben's" cab ("Ben" was a cabman whose stand had been in front of my
office, 33 State Street, since my boyhood days). I returned to the fray.
Fifteen minutes later the appalling message that startled all Boston at
the time came over the ticker tape: "Terrible Explosion! Boston Gas
Company's pipes in the Subway have blown scores to death." Then there
floated in to me a rumor, vague, indefinite, that Vinal was a victim. I
jumped into a cab and in a few moments was at the undertaker's to whose
place the corpses were being removed. The undertaker stepped up to me
and said: "Poor Vinal! Don't look at him, for it is frightful. He was on
the very apex of the explosion, and he and 'Ben' were both instantly
killed and are frightfully burned. The only thing recognizable is this
envelope, which I found among the rags that were left of his coat." He
handed me over the large envelope in which I had seen Vinal that very
morning depositing the various documents, checks, and securities which
he required for his day's operations. It was burned around the edges,
but the contents were uninjured, and among the papers was a carefully
prepared memorandum showing to a dot where my secretary had left off in
his exchanges.
Public-domain text, read in full here on John Shaqi.
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