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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Aug 13, 1908
Page
14
The speaker asserts absolute control over a corporate instrument to manipulate the stock market and sway the billions of securities held by Americans. He warns the System uses bank deposits to fund its power, with the stock market serving as the theater for disrupting its grip on the people.
Boston August 13 1908 a speaker claims control of the National Stock a state chartered company with unlimited capital stock intends to sell vast amounts of stock to the public to fund market actions against the System promising profits and empowering buyers to recruit others while the speaker retains proxies and directs the board of directors
The speaker outlines a campaign to establish National Stock as a market force in American Smelters, National Lead, Trinity, First National Copper, and Yukon Gold. He claims to have orchestrated large public sales and warns the System’s manipulation will fail as National Stock builds a vast network of stockholders and drives prices, banking on pamphlets and worldwide advertising to awaken the public.
The associated Bell telephone operating companies report their June results and semiannual performance excluding AT&T long distance. The document outlines earnings for the month and six months ended June, summarizing operating results and financial highlights for the Bell system.
An auction listing details multiple securities and holdings by order of executors and administrators. Items include Royal Baking Powder Co. preferred, Lincoln National Bank, Wabash Pittsburgh Terminal Railway bonds, American Seating Co. stock, Gulf & Chicago Railway, Dobson/Davis-Daly copper interests, Northern Pacific bonds, Morris & Essex Railway, Ann Arbor Railway preferred, Utah & Northern Railway bonds, and other bank and trust company shares with prices, shares, and bond details. The bulk notes accrued interest terms and due dates, with adjustments for purchaser charges where applicable.
A 1908 prospectus urges all economic levels to buy National Stock, claiming funds go into a safe treasury and promise 500 to 1,000 percent profits. The speaker pledges aggressive advertising to reach millions, vows to outmaneuver the System, and recounts a bold stock market tactic as proof of gains. Boston, August 13, 1908.
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