Frenzied Finance: The Crime of Amalgamated

Lawson, Thomas WIlliam

History

Franklin Classics

Friday, the Thirteenth

This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.

Literature & Fiction

Literary

Kessinger Publishing, LLC

Friday the Thirteenth

Genre Fiction

BiblioLife

I had been sitting in my office letting the tape slide through my fingers while its every yard spelled "panic" in a constantly rising voice when they told me that Brownley on the floor of the Exchange wanted me at the 'phone and "quick." Brownley was our junior partner and floor man.

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."

Business & Money

Processes & Infrastructure

Books for Business

Frenzied Finance: The Story Of Amalgamated

Legare Street Press

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Economics

Friday, the Thirteenth;

Nabu Press

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