By Paul H. Meier (Paul) on Tuesday, February 11, 2014 - 10:37 am:
Not sure the 1908-09 issue was an honesty v. dishonesty case. C&H needed to expand its territory in the Copper Country, and adjacent to the Calumet Conglomerate in particular for its future. The Bigelow, Clarke, & Lewisohn group had profitable properties and resented C&H's stock purchases. Bigelow et al sued, claiming C&H was trying to monopolize the "Lake" copper trade. C&H countered there was no real functional difference between the two coppers and that they just did a better job of refining. The regret came in later years when the slight price premium would have helped the bottom line for all the "Lake" producers. There is always a danger in using present mores, practices, and standards to judge what folks did in the past, they operated in their world and would find ours as alien as we find theirs.