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This scarce antiquarian book is included in our special Legacy
Reprint Series. In the interest of creating a more extensive
selection of rare historical book reprints, we have chosen to
reproduce this title even though it may possibly have occasional
imperfections such as missing and blurred pages, missing text, poor
pictures, markings, dark backgrounds and other reproduction issues
beyond our control. Because this work is culturally important, we
have made it available as a part of our commitment to protecting,
preserving and promoting the world's literature.
American businessman THOMAS WILLIAM LAWSON (1857-1925) was
notorious for his stock manipulations, but that was nothing to the
infamy he achieved when he turned against his partners, Henry H.
Rogers and William Rockefeller, in the Amalgamated Copper Mining
Company. In this 1906 work-a forgotten classic of muckraking by an
insider to the crimes uncovered-Lawson told all about the ruthless
practices deployed to create this trust, making no bones abut his
own involvement. Pulling no punches, Lawson discusses: [ "juggling
with millions of the people's money" [ "bribing a legislature" [
"the magic world of finance" [ "how Wall Street's manipulations
affect the country" [ and much more. As the globe reels from
21st-century financial crimes, this is a stunning reminder of
lessons of old that went unheeded.
This scarce antiquarian book is included in our special Legacy
Reprint Series. In the interest of creating a more extensive
selection of rare historical book reprints, we have chosen to
reproduce this title even though it may possibly have occasional
imperfections such as missing and blurred pages, missing text, poor
pictures, markings, dark backgrounds and other reproduction issues
beyond our control. Because this work is culturally important, we
have made it available as a part of our commitment to protecting,
preserving and promoting the world's literature.
A 1906 expose of the stock rigging of Amalgamated Copper by the
owners (Standard Oil, Banks, Rockefellers, etc.) which resulted in
huge profits for a few, and large losses for many small
share-holders. The book was a great success at the time and lead to
changes in insurance legislation. Thomas W. Lawson was one of this
nation's most brilliant and eccentric stockbrokers. At the age of
twelve, he left school to work as an office boy with a brokerage
firm in Boston, and early in his career he began speculating in
stocks. Lawson's abilities were early recognized by the magnates of
Standard Oil, and he became their ally for several years. By 1900
he was worth at least fifty millions. In 1897 he became connected
with the promotion of Amalgamated Copper, Standard Oil's name for
the Anaconda mine and allied properties. "On this stock they
Standard Oil capitalists] now made a handsome profit, with Lawson
acting as their chief broker. The stock thereafter rapidly declined
in price and many holders of it suffered heavy losses."
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