Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1902-11-27
AFTER SECRETARY SHAW,

Meddlers in public affairs are most
persistent in their declarations that
Secretary Shaw is to be replaced at
the head of the treasury department
The latest rumor from Washington
circles has it that his place is to be
taken by Governor Crane of Massa.
chusetts and that he is to be given a
post as ambassador to some foreign
country. . 1t seems evident that these
persons are circulating these. reports
with the hope that they will prove
such an annoyance to the administra.
ton and Secretary Shaw that he will
resign from his present position.
AS the head of the treasury depart
ment, q. M. Shaw is one of the strong.
est men who has ever been in charge
of the finances of. the goyernmnt. With
his years of experience as a banker in
Iowa. during which time he had been
a.close student Of financial questions
he gained much knowledge which has
enabled him to take charge of the bus.
mess OF the treasury department and
handle3it in a most successful manner
Since Mr.. Shaw assumed his present
duties there have arisen financial cri.
ses that have called for heroic treat
ment Previous to the action of the
treasury department considerable spec
ulationr was. INDUCED in by able fnan-
ciers of the. country as to the best
method. to meet these exigencies. Mr.
Shaw by his prompt. action proved him.
self capable of using such treatment
Though without precedent. in the his
tory of the country he put his plans in.
to execution. By his acceptance OF
municipal and other securities and the
anticipation. OF interest he released 10,
the pressing needs Of business larGe
sums OF money which speedily re,
lieved the threatened money stgingen.
cy. So eifectual was his plan that the
desired end was accomplished With
scarcely preceptible rufIie in the bus,
inas,s transactions OF the nation
SccHetaSg Shaw is, a. InaA Of aston,
He has demonstrated his ability to dc
things. Never since the days of Alex
aSder Hamilton has there been !, mar
at the head of the treasury. department
who more thoroughly understands Il
nancial 5questlaps. GeTel las there
been such man who has net the
emergencies as they have arisen with
greater promptness than has Leslie NJ
Shaw. And this is the man, whom
dame rumor would depose from his
position, in which he is serving the
people, for the reason that some con
sentative bankers of the country arc
displeased with. his. innovations in ii
n.ancial metz is. Secretary Shaw is
however, man of the people, one
whom they respect. Probably there
is no man in public life, with the pos
sible execution Of President Roosevelt
lin whom. the. people OF the United
! States. have greater confidence.
Whatever the desires some of tn;
/ bankers may have, the people hold thu
/ opinion that Mr.. Shaw. is the man fol
| the place. They are satisfied that thu
business of the treasury department i.
being handled in the best interests o
the general public. Mr.. Shaw, was thu
/ personal choice of President Roosevelt
/ for the treasury portfolio. He is tn,
4 choice OF the people and with this com
bnation in his support it is not at al
il likely that there will be any need t.
4 look about for a secretary of the treas
ury for several years.