ck schemers never "bear" a
stock of which they own a large majority and the public a small
minority.

3. It would have been no crime if Rogers and Rockefeller had subscribed
honestly--that is, according to the advertised terms--for enough to
secure the stipulated 700,000 shares, because there was nothing in the
conditions which excluded them or any one from subscribing. The crime
was in the way they obtained the amount thus retained and in their
"intentions" subsequently executed, also in the selling of $27,000,000
worth of the stock when they had pledged their word solemnly to me in my
capacity as protector of the people that they would sell but $5,000,000.

4. Yes.

5. The office-boys, equipped with the check of $75,000,000 provided by
the National City Bank, were organized into a corporation and turned
over to the treasurer of the new corporation the $75,000,000 check in
payment for the capital stock of the company. The company then turned
this same check over to Rogers and Rockefeller for the mining properties
comprising the consolidation, for which Rogers and Rockefeller had paid
thirty-nine millions of dollars; then Rogers and Rockefeller paid back
to the office-boys the seventy-five-million check and received from them
the seventy-five-million stock. The check was returned to the bank by
the office-boys, who stood where they stood at the beginning of the
transaction, and canceled. Thus Rogers and Rockefeller at the close of
the transaction had in their possession the entire capital stock of the
Amalgamated Company.

* * * * *

Another correspondent had even greater difficulties with the problem:

May 29, 1905.

MR. THOMAS W. LAWSON,
Boston, Mass.

_Dear Sir_: The writer of this letter has had much
experience in literary matters, but does not remember ever
reading after any one who could hold his interest as you
can. He is an author himself (though not so well known as
you), and feels some little ability to measure and
appreciate not only literary worth, but the intentions of
the author in hand. From the "internal evidences" alone he
has a settled conviction that you are perfectly honest in
this crusade, and from the bottom of his heart wishes you
Godspeed.

A few points are certainly not clear to the ordinary reader.
Closely as I have followed you I cannot see some things as
you think they