The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-09-04
Daily - gayle
M. M MURDOCH, Editor.
SHAW MADE SICK MEN WELL.

SHAW MADE SICK MEN WELL.
Secretary Leslie Shaw mighty happy and hope
full speech before the National Association Merchants
and Travellers at Chicago night the
guests lot of hypochondraes and left them
in mood that was astonishingly optimistic. He
pected to view with alarm the situation but in
stead he viewed with pride and hope and cheerful exu
taon the business condition of the country. In other
words he gave gloomy listeners the faith cure and
left them with good digestion with which to assmiate
the good things they had eaten and heard
Secretary Shaw could great necessity for
more currency denied the wisdom of elastic cur
rency He thought however that automatic currency
would be good thing BY automatic currency he meant
money that would of its own natural inclination move
about the country wherever the demand for it became
most pressing instance is scarce in the
east as is now plentiful in the west as it also is
now by proper business methods the volume could be
equalzed between the two sections the distribution
of the general that all sections could have
enough to their legitimate business without the
least embarrassment.
The secretarys review of the of the country
was inspiring. He measured its progress with
marvellous figures His reference the fact that the
American producing four thousand millions OF
dollars and American factories FIVE thousand six hun
dred millions could fail drive the blues from
his hearers especially noting the consequent fact
that the pay roll American labor has reached the al
most inconceivabe sum of three billions of dollars
Mr. Shaw estimated nearly it was possible for
him to figure it that present productive
ity of the American people is eleven billion dollars and
that they something like ninetyfve cent of
they produce rather the equivalent of it. for they
large quantities of foreign products but not
much as foreigners our products by oneha
a billion dollars or Whereabouts.
Near the close of his speech the western fnancier
higher flights of craftsmanship by urging the i'm
porance of charging foreign consuming sphere of
American products. His plan is the payment of subs
dies to steamship lines that will establish fire.
quent and intimate communication with foreign coun-
tries especially South America Africa which have
bought but comparatively little the products of Amer
lea in times past The ship subsidy idea original
with MI Shaw by any means, but he has chosen
happy time call it the attention of the American
people who are now Notwithstanding the little financial
uneasness in the centers ready to enter
tain big national projects legitimate and logical
grounds for action.
The extension of American foreign markets is the
biggest thing that be brought before the American
mind of today calls the intrepid statesman
ship and for boIdest of nanciering National
parsimony of the question in its consideration
Vast sums of money spent but for penny
expended dollars will return to generations to the
children grandchildren and greatgrandchildren of
the American people.
It is a good sign of the times to hear American
secretary the treasury speaking hopefully and
confidently of stability of American finance and
merce and industry Secretary Shaw spoke at Chicago
Wednesday night