enzied Financial Blackmailer," from the _Vigilant_, New York City,
September 30, 1904, presented the confession, previously referred to,
made by the editor of the _United States Investors' Guardian_, and an
editorial denouncing the blackmail of financial corporations. Another
slip was "Stamp out the Fake Financial Newspaper Publisher" from the
_Fourth Estate_, New York City, October 1, 1904, in which the wickedness
of the aforesaid editor came in for further moral castigation.

At once, as I read these letters and ran over the printed slips pinned
to Mr. McCall's, I realized the purpose of the blackmail editor's
confession and just how so much space came to be given it in the daily
papers. Insurance corporations are large advertisers[20] and enjoy great
popularity in the business offices of great newspapers. It is not said
in these clippings that either Mr. Lawson or _Everybody's Magazine_
belongs to that lowest order of criminal, the self-confessed
black-mailer, but the suggestion is obvious. Every policy-holder
throughout the world who received these enclosures attached to letters
from the greatest insurance president in America would instantly supply
the connection--"'Frenzied finance black-mailer'--that's intended for
Lawson, surely; 'Frenzied financial journal'--_Everybody's Magazine_,
beyond question."

Will my readers weigh carefully this awful charge:

"Thomas W. Lawson, in addition to being a frenzied financial
black-mailer, is attacking the New York Life Insurance Company because
he tried to secure insurance from that company, and that company would
not give it to him. His attack is made in the interest of some competing
company."

Again, I ask that it be kept in mind that all this is not said by an
insignificant and irresponsible trickster, but is deliberately put forth
by the greatest insurance president in America, over his signature, to
his policy-holder No. 826,152 and 957,006.

Soon afterward, in its issue of October 20th, a well-known organ of the
insurance companies, _The Spectator_, published in New York, had a long
article dealing with malicious attacks on our great insurance
corporations, specifically mentioning my accusation against the New York
Life. "Mr. Lawson was actuated by the meanest motives," says _The
Spectator_.

Extract from _The Spectator_, October 20, 1904:

Mr. Lawson, in the hypocritical role of a
would-be-reformed-speculator, is a figure calculated to stir
th