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
"I can only tell you, Lawson, that we have dug up some queer doings
during our investigation, and I think I can put my finger on a great
many millions of dollars now in the hands of certain mine officers
which could be recovered by the different companies they have been
acting as trustees of. It would be quite an eye-opener to some of your
pious Bostonians to know that the controlling officials of several mines
are silent partners in some of the big selling agencies."
There was a pregnant interval of silence. Perhaps the expression of my
face suggested the thronging thoughts which seethed through my head as I
said:
"But surely, Mr. Rogers, that's off our beat. We shall make money enough
along our lines without getting into that kind of a game."
Mr. Rogers swung his chair half round and looked straight at me. For a
long second he stared--sitting half upright, his long, fine hands
clasping the arms of the chair with a clutch like steel. He said not a
word. Then he replied:
"Of course, Lawson, we have no need for such methods in our affairs. But
it is a duty we owe investors and ourselves not to conduct this business
in a way that will encourage others to continue doing it along the old
lines."
He frowned at me as much as to say (only he never uses such
expressions), "Oh, but you do make me tired," as he always did when I,
with a serious face, would ask him, as I often did: "How is it, Mr.
Rogers, that young John D. can make such a success of his
Sunday-School-Class Trust, and at the same time of his father's oil and
investment business?" In business hours Mr. Rogers taboos frivolity.
The neophyte in crime, being initiated into the mysteries of the
profession by some able Fagin, gets his instruction by degrees. Great
care is taken that he shall not realize too soon the depravity he is to
practise, lest, appalled by the hideousness of it, he might jump the
track, and along with each advance in knowledge goes a picture
representing the ease of the life and the lordly rewards and pleasant
adventures of the "industry." From the remote perspective of to-day very
similar seems to have been the process in this most momentous
conversation between Mr. Rogers and myself. The apprentice at the knees
of the master was being gently and gradually admitted into the secrets
of the calling--financial highwaymanry. At the moment, however, it
never entered my thoughts to imagine myself other than a favorite
lieutenant gathering the garnered wisdom of a great general of commerce.
Public-domain text, read in full here on John Shaqi.
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