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
To appreciate the story of what the "System" tried to do to George
Westinghouse and what he withstood, one must know the man. He embodies
in many ways the conception of what the ideal American should be. His
remarkable six feet and odd of physique and his fertile, powerful brain
are the admiration of all true men with whom he comes in contact. In
spite of his unparalleled success and the accumulation of a great
fortune, he retains the same simplicity of manner and conduct that
characterized him when working at the bench for weekly wages, and with
all his shrewdness and force of character he has preserved a simple,
honest, childlike belief in humanity. Single-handed he conducted all his
great enterprises on a plain, patriarchal basis, using their revenues
for extensions, and depending on his faithful and well-satisfied
stockholders for such further accessions of capital as the business
might in his judgment need. About the time General Electric was most
anxious to bolster up its jerry-built structure with the solid
Westinghouse concern, the latter institution had begun the erection of
some big new plants which required immediately several millions
additional capital. Westinghouse prepared to apply to his stockholders
for the required funds, and the announcement was to be made at the
annual election soon due. Suddenly the financial sky became overcast.
The stock-market grew panicky and money as scare in Wall Street as rain
in Arizona in May. It was just such a situation as the "System" might
have brought about to accomplish its fell designs had it possessed the
power to work miracles.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account