Thomas W. Lawson
Thomas William Lawson
February 26, 1857
|Died||March 8, 1925 68) (aged|
|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.
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.
At 12 years old,Lawson ran away from home to become a clerk in a Boston bank and soon began speculating in stocks. 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 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. He built the lavish estate called Dreamwold in Scituate, Massachusetts at a cost of $6,000,000.
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 criticized for years afterward. It became Anaconda Copper Mining Company in 1915. Lawson broke with the financial backers of Amalgamated and became an advocate for financial reform.
Lawson was an independent candidate for the United States Senate in 1918. He finished a distant third with 5.26% of the vote.
Lawson died in poverty in February 1925.He was buried beside his wife.
Lawson married Jeannie Augusta Goodwillie (1857–1906) in 1878, and they had six children:Gladys, , Dorothy, Arnold Lawson, Marian, Douglas and Jean.
The Thomas W. Lawson, the only seven-masted schooner ever built, was named after him. am GMT on Saturday December 14, 1907, but to Lawson, at home in Boston, it was at that time still Friday the 13th.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
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.
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.
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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.
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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.
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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.
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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."
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