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
In showing how these thirty-six millions were made in the brief space of
this creature's (Amalgamated Copper's) life, I deal with reality and not
romance; but let my readers for a moment give their imaginations play
and picture to themselves one scene in this stupendous drama. A great
room in the greatest banking house in America, if not in the
world--silent, solemn--an atmosphere of impregnable rectitude--the solid
furniture, the heavy carpets, the chill high walls, the massive desks,
the impressive chairs, the great majestic table portentously suggestive
of power. Presto! the dim calm is broken; the air vibrates as when an
ancient church is invaded by a swarm of vampire-bats. Into the great
room enter a group of men and a flock of youths, who settle in the
impressive chairs round the majestic table. You wonder what is the
motive of the assemblage. These grave lawyers, whose names are weighty
in the nation's councils, and these gray-haired, dignified financiers
might well be gathered to arbitrate a dispute involving empires; but why
these office-boys and clerks, with their restless, surprised eyes and
uneasy gestures? The flourishing of papers, the murmuring of voices in a
confusion of "seventy-five million," "we buy," "we sell," "we are," "we
will"--words, nothing but words; then silence as one reads from a stiff
parchment certain resolutions which the suave gentleman with incisive
steel-clicking manners, at the head of the table, puts to a vote. Then
these youths, whose souls are afire with the hope of a director's $5
gold fee, timidly sign the record, trembling the while lest a blot call
down on them a scolding; a head clerk, whose fondest dream is a raise of
salary as the result of coming under the Master's eye in a
seventy-five-million-dollar deal, affixes a seal, and there is an
exchanging of thin slips of paper--checks--dollars--magically "made
dollars." Exit office-boys and lawyers.
The door closes--silence again. Then the air vibrates with the sound of
a hearty hand-slap and the genial, whole-souled greeting of the "Master"
to his partner. "William, I feel as though I had done an honest day's
labor! Thirty-six million dollars 'made' and no hitch, no delay!" Then
follows the partner's mild answer: "Yes, Harry, but don't forget James'
and the others' shares will shrink it up quite a bit."
Public-domain text, read in full here on John Shaqi.
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