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
"Not any but pleasant ones," replied Mr. Rogers, "although Lewisohn did,
in an almost pathetic way, gasp when I emphasized that my only terms
were $5,000,000, fifty-one per cent. to us and forty-nine per cent. to
his people. He told me how he and his brothers had struggled up to
success. They began in a small way as feather merchants, you may
remember, and from one thing to another they progressed until the firm
is known to-day as one of the greatest copper houses and the greatest
coffee house in the world. He explained how he had brought up his three
sons and his daughter's husband in the firm until they had become great
merchants, too; and his ambition was that their sons and grandchildren
should succeed to the institution, enlarging and strengthening it until
the house of Lewisohn was as famous as the house of Rothschild--with
which, by the way, he is closely connected. I tell you, Lawson, I felt a
bit mean when, after he had told me how he had always kept his name's
credit as good as any other man's bond, he asked me almost with tears in
his eyes to let the name of the new company be Lewisohn Brothers.
Indeed, he made a strong argument on the great value of the name to the
copper business; but it did not take me long to show him the evils that
grow out of letting men's personalities get into the public's mind. I
battered down his objections by showing him the wisdom of Mr.
Rockefeller's attitude in this connection. Always, from the first, he
has taken the stand: 'The business first, the man second': with the
result that there has never been jealousy or dissension in Standard
Oil."
"Too bad," I interrupted.
"Yes," Mr. Rogers went on; "I wished I might have done this for him, for
he is a splendid fellow; but it would not do, for after the newness wore
off he, or more probably his sons, would surely imagine that they, and
not we, were the real heads of the business."
Public-domain text, read in full here on John Shaqi.
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