Frenzied finance volume 1. Frenzied Finance: The Crime of Amalgamated 2019-02-20

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Frenzied Finance: The Crime of Amalgamated

frenzied finance volume 1

Just how many have we now on hand? Then the Amalgamated dividend, without warning and in open defiance of the absolute pledges of its creators, was cut, and the public, including even James R. The vast profits which the stock operator makes apparently overnight are often subjects for the world's wonder and envy. And yet these men, to whose eyes I have seen come the tears for others' sufferings, and whose voices I have heard grow husky in recounting the woes of their less fortunate brothers—these men under the spell of the brutal code of modern dollar-making are converted into beasts of prey, and put to shame the denizens of the deep which devour their kind that they may live. At 26 Broadway, just before eleven o'clock each morning, there is a flutter in the offices of all the leading heads of departments from Henry H. I shall show them that while the press, the books, the stump, and our halls of statesmanship are full to overflowing with the whys, wherefores, and what-nots of tariff, currency, silver, gold, and labor; while our market systems are perfected educational machines for disseminating accurate statistics about the necessaries and luxuries of life, the water and land carriers, real estate, and other material things which the people have been taught to believe are the only things that vitally affect their savings; that while they imagine they understand the system by which speculation and investments are controlled and worked, and that the causes and effects of this system are at all times get-at-able by them through their bankers and their brokers; there is a tangible, complicated, yet simple trick of financial legerdemain, operated twenty-four hours in each day in the year, and which the press, the books, the politicians, and the statesmen never touch upon—a trick by means of which the savings of the people and the public funds of the Government, whether in the national banks, savings-banks, trust or insurance companies, are always at the absolute service and mercy of the votaries of frenzied finance. After breakfast next morning I tackled Addicks.

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Frenzied Finance: The Crime of Amalgamated

frenzied finance volume 1

But it was some days before I could screw my enthusiasm back to fighting-pitch. Inquiries revealed that Whitney's alleged control of the Legislature was not exaggerated. That is but a single phase and indicative of physical rather than moral qualities; or, perhaps, merely the callousness born of long exposure to danger. His manlier nature rose to the surface. Author by : Lance E.

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Frenzied Finance, Vol. 1: The Crime of Amalgamated by Thomas William Lawson

frenzied finance volume 1

What are you going to do? Rockefeller's Yes or No is all there is to it. I have written from memory, necessarily. Suffice it to state that when I called for the bonds Addicks began to hem and haw, and then I realized that he had a second time lied to me. . A substantial guarantee there must be, not only for the performance of our financial engagements but to insure to Rogers the integrity of his properties while under the domination of Addicks. It may be accepted as an axiom of finance that double-dealing is as dangerous to the dealer as to his victim.

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Frenzied Finance Vol 1 The Crime Of Amalgamated

frenzied finance volume 1

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. In doing this I know, because of the peculiarity of the subject and my intimate relation to it, no other way than to do it in the first person. Rogers, William Rockefeller, and John D. In the beginning it will be necessary, for that clear understanding of the whole subject which is one of my principal objects, to treat at sufficient length the Bay State Gas intricacies and trickeries, in which in a certain sense Amalgamated had its being. Besides what we ourselves could do and had already done, we now had Whitney for an ally in the deal, and certainly he was a stock-selling power throughout New England.

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indivisiblearmy.org: Frenzied Finance Vol. 1: The Crime of Amalgamated eBook: Thomas William Lawson: Kindle Store

frenzied finance volume 1

There's a deal of money at stake—my friends', the public's, my own—I'm responsible for it. I do not set up for a saint, nor to possessing exclusive virtues which distinguish me from the ordinary American citizen who does business for gain. Patch was generally on the ground first, carrying the books in which the bribery records were kept, for be it remembered that the efficiency of the Whitney machine was largely due to the thoroughly systematic manner in which its operations were conducted. As a fact he had not a single bond. In fact, it seemed eager to do his bidding in any direction.

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HOT FREE BOOKS • Frenzied Finance

frenzied finance volume 1

In submitting it to my readers I desire to reiterate: It is truth—of the kind that carries its own bell and candle. One after another the chiefs call off the names of the legislators, reporting as they go along. We absolutely controlled the old Boston gas companies. Therefore, before turning the page, it behooves you to find for yourself an answer to the grave question: Is it the truth that is dealt with here? Hurry the buyer, as his money brings us interest. The experience of any man who has had to do with political and financial affairs invariably shows him that nothing ever happens of itself.

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Frenzied Finance Vol. 1: The Crime of Amalgamated by Thomas William Lawson

frenzied finance volume 1

Were man endowed with the propensity of a Münchhausen, the cunning of a Machiavelli, the imagination of Scheherezade, the ability of a Shakespeare, and the hellishness of his Satanic Majesty, he could not play upon 400,000 words, or one-quarter that number, and make the play peal truth for a single hour to the audience who will read this book, or to one-thousandth part the audience that has already read it in Everybody's Magazine. Rogers and others affecting the future of J. I watched you before you hitched up with Addicks, and always thought that if the opportunity arose, we might do business together. It was after midnight when I left Addicks' office, and as I walked to my hotel I was steeped in gloom and bitterness. Beat a slow retreat if you must, but prevent a wild break. I've got to face Rogers as soon as a train can take me back to New York, and after that—then I'll have something to say to you.

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Read Frenzied Finance Vol. 1: The Crime of Amalgamated Online, Free Books by Thomas W. Lawson

frenzied finance volume 1

The talk was so commonplace that we were none of us interested enough to even stop our chatter. Rogers, William Rockefeller, and John D. He had used them to the last one and had deceived me for months. Uplift provided the context for Micheaux's extensive commentary on racist cinema, such as D. Very few have—yet the presidency of it is the modest title of Henry H. These amiable plans were being hammered into shape at top speed, and unless I could get into harness at once, my friends and I would most certainly be ground up.

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Frenzied Finance Vol. 1: The Crime of Amalgamated by Thomas William Lawson

frenzied finance volume 1

A conspiracy of silence is easily organized among accomplices. The spigot is still running. This coal is cheap to produce and costs little per ton to bring in. In August, 1895, Henry H. I could see nothing for me to do but to resume the tactics I had employed previous to the meeting with Rogers. While it is true that fiction is expressed in the same forms and phrases as truth, no man ever lived who could shape 400,000 words into the kinds of pictures I have painted and pass them off for aught but what they were. That dinner was a thing to be remembered.

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