Thomas W. Lawson
Thomas William Lawson
February 26, 1857
|Died||March 8, 1925 68) (aged|
Jeannie Augusta Goodwillie
(m. 1878;his death 1925)
Anna Maria Loring
|Relatives||Tom McCall (grandson)|
Thomas William Lawson (February 26, 1857 – February 8, 1925) was an American businessman and author. A highly controversial Boston stock promoter, he is known for both his efforts to promote reforms in the stock markets and the fortune he amassed for himself through highly dubious stock manipulations.
An author is the creator or originator of any written work such as a book or play, and is also considered a writer. More broadly defined, an author is "the person who originated or gave existence to anything" and whose authorship determines responsibility for what was created.
At 12 years old,Lawson ran away from home to become a clerk in a Boston bank, and soon began speculating in stocks. He was a principal mover in the promotion of companies trying to establish the small town of Grand Rivers, Kentucky as a major steel-producing city. Lawson specialized in shares of copper-mining companies, which were then a staple of the Boston stock market, and became a multimillionaire during the copper boom of the late 1890s. He built the lavish estate called Dreamwold in Scituate, Massachusetts at a cost of $6,000,000.
Grand Rivers is a home rule-class city in Livingston County, Kentucky, in the United States. The population was 382 at the 2010 census, up from 343 in 2000. It is part of the Paducah micropolitan area.
Scituate is a seacoast town in Plymouth County, Massachusetts, United States, on the South Shore, midway between Boston and Plymouth. The population was 18,133 at the 2010 census.
In 1899, he joined Henry H. Rogers and William Rockefeller in forming Amalgamated Copper Mining Company, a company that combined several copper mining companies, mostly in Butte, Montana, and which tried to dominate the copper market. Amalgamated Copper was the subject of much criticism then and for years afterward. Amalgamated later became Anaconda Copper Mining Company in 1915. However, Lawson later broke with the financial backers of Amalgamated, and became an advocate for financial reform.
William Avery Rockefeller, Jr. was an American businessman and financier. He was a co-founder of Standard Oil along with his older brother John Davison Rockefeller (1839–1937). He was also a prominent member of the Rockefeller family.
Copper is a chemical element with the symbol Cu and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orange color. Copper is used as a conductor of heat and electricity, as a building material, and as a constituent of various metal alloys, such as sterling silver used in jewelry, cupronickel used to make marine hardware and coins, and constantan used in strain gauges and thermocouples for temperature measurement.
Butte is the county seat of Silver Bow County, Montana, United States. In 1977, the city and county governments consolidated to form the sole entity of Butte-Silver Bow. The city covers 718 square miles (1,860 km2), and, according to the 2010 census, has a population of 33,503, making it Montana's fifth largest city. It is served by Bert Mooney Airport with airport code BTM.
Lawson was an independent candidate for the United States Senate in 1918. He finished a distant third with 5.26% of the vote.
The United States Senate is the upper chamber of the United States Congress, which along with the United States House of Representatives—the lower chamber—comprises the legislature of the United States. The Senate chamber is located in the north wing of the Capitol Building, in Washington, D.C.
Thomas William Lawson was born February 26, 1857 at Charlestown, Massachusetts. He was the son of Thomas and Anna Maria (née Loring) Lawson.Lawson's father, a carpenter, died when he was eight years old.
Lawson married Jeannie Augusta Goodwillie (1857–1906) in 1878, and they had six children:Gladys, , Dorothy, Arnold Lawson, Marian, Douglas and Jean.
Though once a very wealthy man, Lawson died in poverty in February 1925.He was buried beside his wife.
The Thomas W. Lawson, the only seven-masted schooner ever built, was named after him.Lawson, who was intensely superstitious, wrote the novel Friday the Thirteenth in which a broker picks that day on which to bring down Wall Street; the Thomas W. Lawson, in which he had invested heavily, was wrecked off the Isles of Scilly at 2:30 am GMT on Saturday 14 December 1907, but to Lawson, at home in Boston, it was at that time still Friday the 13th.
Lawson is believed to have been the inspiration for the protagonist of David Graham Phillips' 1905 novel The Deluge.
He is generally credited in the U.S. with the Lawson sofa, made for him at the turn of the 20th century. It was a square, overstuffed sofa on a generous scale with loose seat cushions and pillows.
The Lawson Tower, originally part of his private Dreamwold estate, still stands. The structure is a water tower with a shingled outer shell and observatory which offers views of the area from an observation deck.
PaineWebber & Co. was an American investment bank and stock brokerage firm that was acquired by the Swiss bank UBS in 2000. The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. Webber. Operating with two employees, they leased premises at 48 Congress Street in May 1881. The company was renamed Paine, Webber & Co. when Charles Hamilton Paine became a partner. Members of the Boston Stock Exchange, in 1890 the company acquired a seat on the New York Stock Exchange. Wallace G. Webber retired after the business weathered a major financial crisis that hit the market in 1893.
William Alfred Paine was an American businessman who co-founded the brokerage firm Paine Webber. He was also instrumental in the creation of the mining venture Copper Range Consolidated Company.
Fritz Augustus Heinze was one of the three Copper Kings of Butte, Montana, along with William Andrews Clark and Marcus Daly. He was an intelligent, charismatic and devious character, but was also seen as a hero especially by many of the citizens of Montana.
The Anaconda Copper Mining Company, part of the Amalgamated Copper Company from 1899 to 1915, was an American mining company. It was one of the largest trusts of the early 20th century and one of the largest mining companies in the world for much of the 20th century.
Puritan was the 1885 America's Cup defender.
Nathaniel Shepard Keith was an American manufacturer, chemist, inventor, writer, and electrical engineer. Keith was born in Boston, Massachusetts and worked in his fathers laboratory. He was instrumental in designing, manufacturing, and installing the original electric lighting and power system in San Francisco, California. In 1884 he became editor of Electric World, co-founded the American Institute of Electrical Engineers (AIEE) and served as the first secretary of the organization. The AIEE merged with other societies in 1963 to become the IEEE, the Institute of Electrical and Electronics Engineers.
Ellis Loring Dresel was an American lawyer and diplomat. During World War I, from 1915 to 1917, Dresel was attaché to the U.S. embassy in Berlin.
Lawson Tower is a historic tower built in the style of a European castle turret. It is located off First Parish Road in Scituate Center, Massachusetts, United States. Built in 1902 to enclose a steel water tank, it is a major local landmark. The Scituate Water Company stopped using the tank in 1988. The tower is listed as both an American Water Landmark and in the National Register of Historic Places. It has become a popular tourist site, featuring sweeping views of the South Shore, Old Scituate Light, Minot's Ledge Light and the nearby First Trinitarian Congregational Church.
Charles Wyman Morse was an American businessman and speculator who committed frauds and engaged in corrupt business practices. At one time he controlled 13 banks. Known as the "Ice King" early in his career out of New York City, through Tammany Hall corruption he established a monopoly in New York's ice business, before buying several shipping companies and moving into high finance. His attempt to manipulate the price of copper-shares set off a wave of selling that developed into the Panic of 1907. Jailed for violating federal banking laws, he faked serious illness and was released. Later he was indicted for war profiteering and fraud.
The United Copper Company was a short-lived United States copper mining business in the early 20th century that played a pivotal role in the Panic of 1907.
John Dennis Ryan was an American industrialist and copper mining magnate. President of Anaconda Copper Mining Company and creator of Montana Power Company.
Colonel William Cornell Greene was an American businessman who was famous for discovering rich copper reserves in Cananea, Mexico, and for founding the Greene Consolidated Copper Company in 1899. By 1905, Greene was one of the wealthiest businessmen in the world.
John Weston Allen was an American politician who served as a member of the Massachusetts House of Representatives from 1915–1918 and as Massachusetts Attorney General from 1920–1923.
Arcadian mine was a copper mine developed in 1898 near Paavola, in Franklin Township, a short distance northeast of Hancock, in Houghton County, Michigan. The initial public offering was managed by Boston financier Thomas W. Lawson. The mine was owned and managed by Arcadian Copper Company in which some Standard Oil directors had a significant interest.
The Boston and Montana Consolidated Copper and Silver Mining Company was a mining, smelting, and refining company which operated primarily in the state of Montana in the United States. It was established in 1887 and merged with the Amalgamated Copper Company in 1901. The Amalgamated Copper Company changed its name to Anaconda Copper in 1910, and became one of America's largest corporations. Historian Michael P. Malone has written, "Well financed and well managed, the Boston and Montana came to rank among the world's greatest copper companies."
Robert Winsor was a leading American financier, investment banker, and philanthropist who, as head of the Boston investment banking firm Kidder, Peabody & Co., was at the forefront of industrial consolidation during the period leading up to the Great Depression. After beginning his career at Kidder, Peabody in 1880 as a lowly clerk just out of college, Winsor was quickly promoted because of his business acumen, and was held in such great esteem by the 1920s that newspaper articles would refer to him as the "J.P. Morgan of Boston" and "one of the country's leading bankers."
A. H. Davenport and Company was a late 19th-century, early 20th-century American furniture manufacturer, cabinetmaker, and interior decoration firm. Based in Cambridge, Massachusetts, it sold luxury items at its showrooms in Boston and New York City, and produced furniture and interiors for many notable buildings, including The White House. The word "davenport," meaning a boxy sofa or sleeper-sofa, comes from the company.
Albert Cameron Burrage "A.C. Burrage" was an industrialist, attorney, horticulturist and philanthropist from the United States.
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