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I
THOMAS W. LAWSON,
NOTED FINANCIER,
DIES AFTER OPERATION
(By Associated Press)
BOSTON, Mass., Feb. 9.—Thomas
W. Lawson, financier, author and
sportsman, died at the hospital here,
three weeks after an operation for
a bladder complaint.
Thomas W. Lawson, financier, au
thor and sportsman, opened the way
to his spectacular career by running
away from school in Cambridge,
Mass, to work in a financial house
in Boston as an office boy. His em
ployers found him so promising that
they presuaded his mother to let him ;
stay. Tnis was in 1869.
Five years later at the age of 17, <
Tom Lawson was worth $60,000
made from a pool he had organized
the year before to buy railroad stock.
Of this sum he promptly lost $59,841
in another stock deal. Reduced to
$159. he gave a dinner to friends
at a Boston hotel and when the bill
was paid found himself with $4.30.
From the boy who in his teens
could make a small fortune and lose
it developed the man who tumbled
money markets, who was a million
aire one day and “flat” broke the
next, who paid $30,000 for a carna
tion and who, in a temper, junked a
$200,000 yacht built to defend the
America’s Cup.
Tom Lawson's identity with copper
began when he was a young man.
He knew nothing of the mineral but
when the Butte & Boston mine open
ed he took a tip from a newspaper
friend and began buying at 16. Then
he sold the stock short and whittled
the market down to 75 cents, taking
up thousands of shares between that
figure and two dollars. In this man
ner he obtained a majority of the
stock and saw it bring far more than
his predictions of $60 a share.
This was the beginning of deals
that ultimately won him the title of
“Copper King” and which preceded
the operations that led to the famous
Amalgamated Copper transactions.
Lawson later became famous for
his “brod-side” advertisements of ad
jvice and warning published simulta
neously in large newspapers the coun
try over.
The eccentricities of his financial
career were matched in his recrea
tions and diversions.
In 101 lie built the yacht Inde
pendence at a cost of $200,000 and
fitted her out as a contender for the
honor of defending the America’s
Cup. Recognition was refused him
unless lie would consent to enter
the boat as a member of a yacht
club. A long controversy ensued.
Lawson insisting that he had a right
to sail his boat as he pleased.
Angered by his rebuff, Lawson or
dered the Independence broken up
and sent bits of her bronze liul to
his friends. He wrote an elaborate
ly printed book on the affair for pri
vate circulation, the estimated cost
of each copy being $500.
The story of the famous “Lawson
pink” was told by the financier as
follows:
“I went into the florist shop and j
saw that pink. I liked it and said
‘How much?’ The man said ‘$30,-1
000,’ and I said I’d take it. I put |
it in my buttonhole and walked out.
The next day it withered like all
pinks but the glory of it went round
the world. I got at least $1,000,000
worth of advertising out of that fool
transaction. Moreover, I like flow
ers.”
With the pink, however, went the
florist’s entire lot of 8,000 plants.
“Dreamwold,” Mr. Lawson’s sum
mer home at Egypt, Mass., was built
at a cost of $2,000,000 to satisfy, it
was said, a whim of Mrs. Lawson
who had remarked .that the stony
site would be ideal for a summer
place. The training building for his
horses was as large as Madison
Square Garden.
Lawson’s stable of thoroughbreds
was one of the best known in the
country.
One of Mr. Lawson’s superstitions
centered about the figure three. His
associates said that he never bought
shares in blocks of 1,000—it was al
ways 999 or 333. He took an office
at 33 State Street and got 333 as a
telephone number.
Lawson’s advice to all who would 1
play the market was: “Keep out un
less you’re on the inside.”
“Apply logic to all business propo
sitions. If they will not stand the
test of logic, reject them.”
Mr. Lawson published several j
books, among them was a history of
the Republican Party, of which only
four copies, printed on satin, were
published. One of these he present
ed to President Harrison, one to Vice
ilA.
A*.
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Leon Urbach
President Morion and a third to the
Library of Congress. The fourth he
kept himself. “The Secrets of Cong
ress” appeared in 1888; a “Collec
tion of Poems and Short Stories
from Magazines” in the same year;
“Frenzied Finance” in 1905; “Friday
the Thirteenth” in 1907; “The Reme
jdy” in 1912; and “The High Cost of
| Living” in 1913.
Mr. Lawson was president of the
following organizations: Bay State
Gas Company of Delaware; Thomas
W. Lawson Copper Company; Trin
ity Copper Company and First Na
tional Copper Company.
COPYRIGHT^ KEYSTONE VIEW CO.. NEW YORK
PEGGY MARSH WEDS NOBLEMAN
Peggy Marsh, well known American girl, widow of the late Captain
Albert Johnson, son of the “Father” of Cleveland, Ohio, who has been mar
ried in London to Captain Keld Fenwick, Lord of the Manor of Whitham,
Lincolnshire. They were dancing in the Embassy Club, on New Year’s
Eve, and as the midnight chimes rang out, they stole off and were secret
ly married.
ilA.
il*.
L
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