out the
country were made through the _Boston Financial News_, to which we had
given the exclusive right to send out the details, and its special wires
were soon clicking the news to all the world. The next morning the press
contained the particulars. I reproduce from the papers of May 5th the
tale.

* * * * *

=$412,000,000 FOR AMALGAMATED COPPERS=

=$75,000,000 Subscribed More Than Five Times Over=

=FINANCIAL WORLD COPPER MAD=

Subscriptions of $412,000,000--the largest in any financial
deal in the world's history--are reported by the _Boston
Financial News_ to have been received toward the Amalgamated
Company. "The world has gone copper mad" in truth.

Subscribers can be allotted only eighteen one-hundredths, or
less than one share in five of the amount applied for.

One week ago, says the report, it was announced that the
Standard Oil magnates, Rogers, Rockefeller, and their
associates, had begun their conquering march upon
copperdom--that the much heralded copper consolidation was a
thing of fact--that the Amalgamated Company had been
incorporated, and that its first capital, $75,000,000, would
be offered to the public by subscription through the
National City Bank of New York at $100 per share--$100 per
share, without a discount, a commission, or profit to any
one.

Never before since the first dollar of civilization was
invented to take the place of the stone tokens of barbarism
had such a thing been heard of--$75,000,000 of stock to be
sold to investors at $100 per share, and in one week after
the birth of the corporation upon which it was based.

The financial world held its breath, and from that time up
to the closing of the books of subscription, at twelve
o'clock noon yesterday, the financial world, English,
German, and French, have awaited with bated breath the
outcome of this great feat of modern financiering.

During the entire week from all parts of the world have
poured into the National City Bank applications, accompanied
by checks for the first payment--one continuous stream of
entreaties--for some of the shares of this great enterprise.
Nothing in history tells of such a movement.

Early in the week it became evident to the managers of the
great industrial revolution that some