Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1905-10-26
SHAW ON MERCHANT MARINE
Secretary Points 0ut Weakness Of Country
in Trade Extension Campaign.
BANKER BROWN AGAIN STARTS SOMETHING
Takes Exception to Remarks Of Lieu
tenant Governor sherman OF I'LL
nois, who Thinks MOnOpOIies
Are Here 10 stay.
From a stat Correspondent

I
Shaw, secretary OF the treasury, addressed
the State Bankers association this after
noon on Trade Expansion" His address
! followed that OF Chancellor Andrews OF the
| University of Nebraska. who spoke on the
| reclamation OF the arid lands Of the west
and the possibilities of their productiveness.
Fraternity hall. in which the meetings are
| being held. was packed 10 the doors and
many people were unable to gain entrance.
Seated on the platform were Senator Bur
kett Governor Mickey and President Tren-
cry.
In beginning his talk Secretary Shaw said
he had recently made an address before
the American Bankers association and the
members had afterward complained because
he had not told them to collect interest on
deposits or something along the lines Of
their business, and he hoped the Nebraska
bankers would not say the same thing when
he concluded his present address.
Il just want TO call your attention TO
few important questions which you will be
called upon to solve. ! do not want to offer
remedy or solution to these problems,
but want to say something that will make
you think about public affairs hope the
next time your wife comes into the library
and finds YOU in deep thought and she asks
you what you are thinking about you will
tell her public AFFAIRS If you do, telegraph
me at my expense"
Then Secretary Shaw launched into dis
cussion OF the trade relations existing be-
tween the United States and foreign coun-
tries, with every thought tending to a ship
subsidy as solution, but before he con-
cluded he said:
Il don't want any one to go away from
here and quote me as being in favor of
ship subsidy. / have never said I was in
favor of ship subsidy. l am in favor of a
merchant marine, and l don't want to be
quoted as favoring anything else. leave
it to you to discover the way to get the
merchant marine"
Shortly after beginning his speech and
just after he had announced his subject,
Trade Expansion" some carpenters on the
roof set up a terrible hammerng, which
for a while almost stopped the speaker
IF that is some one erecting a building" 4"
he said don't stop him. That is what am
in favor Of"
Secretary shaw's Address.
Secretary Shaw said in substance:
The nations of the earth export annually
$lOOOOOOO,OOO worth of products, OF which
amount one-eighth originates In America
! and one-ntnth of which finds consumption
} here. While the nations are selling TO each
, other this enormous amount of products
Americans are selling to each other $4,000, =
0OO0OO worth of domestic products. This
is not because we are great international
merchants or bankers We grow three
quarters of all the cotton that is mar
It's cotton. We have the only country
where We grow everything in abundance.
supply on hand and II is necessary for
the world, to come. where It can get the
products. We produce 500, ,000,0O0 tons of
copper. % per cent of refined petroleum.
Now, then. the Standard oil company
has has found found II good to own its own ships.
) The Standard OIL company, the meat pack
ers and the international Harvester COM
pany have done many bad things but I
, think II right to give them credit for doing
more than any one else in securing mar
kets. DO not say ! am defending these
corporations but II they are abused for
0 their sins then they should get some little
country
We are going to need more markets That
is the coming problem that must be solved
, How will we got these markets? We have
3 not sold much by going out after mar
, kets, Dut because outsiders have come To
us for the goods. 1t is now coming to the
$ time when there must be an outlet for
3 the products of the factory. and we can
not always depend upon furnishing the
food supply of the world.
One hundred years ago congress said no
foreign ship could carry goods between
4 two american ports AS result we have
the best and cheapest service along the
American coasts That law still remains
= America has always helped the promoter.
The railroads were given money and as
sisted In spanning the continent. The re-
suit is we have more miles OF railroad
than any other country. BY means of
subsidy we have developed the country,
Just at this time. though. we are going
TO see that the railroads do not unmake
us. though they have made us.
We have subsidized harbors and rivers;
we have subsidized railroads and we have
started in to subsidze commerce.
J. ships Are Needed.
: At this time We have better railroad ia
4 cilities and cheaper freight rates than any
= ! country on earth. We can get our goods
u to the coast line and there We stop. We
haaN m Ell hNFNE h
{ TO take IL to foreign countries -
, We have started in to dig ditch which
. the right to dig cost US s5O.OOO0OO. It will
: cost SoOO,OOO, 900 more TO dig It, more mil
d lions 70 maintain II; more millions to de.
| fend It, We are under contract to allow
l.. other countries to use 1t at the same rate
o cause at the present time it is the same dis.
tance from New York to San francisco
= around Cape Horn. When this canal 4
= dug II will he the same distance from New
e York TO Hong Kong as it is from London
r, TO Hong Kong That is why we are build
a ing II. We are doing 1t in the interest OF
commerce.
i But we have 10 ships Foreign ships 20
l. to South America. sell goods and buy fruit
= = bring them to New York and then take q
J. cent Of what Brazil sells and Il buys one
II tenth Of what II buys from us. Even dur,
/ ing the Japan war we called upon .that
10 haul our products. Even Spain furnishe.
r ms ships. We have a grand navy, but Will
s II we have not collier. Suppose the gov.
70 ernment agreed to pay the expenses o
= these ships. What would be the result
NJ Agents would call upon the nuSactIIrer,
:. and ask to be allowed TO sell his goods
EVERYWHERE agents would hustle for trade
u But don't say that | i'm favor of shIt
subsidy. / am lust saying some things 1,
YOU to get YOU TO thukinR. | want a mer
:. chant marine but I don't know how t,
get Il.
Brown Again starts Something
At the morning session Of the bankers I
second incident as exciting as the Dawes
Brown incident was averted only by |
hasty adjournment.
- Lieutenant. Governor Sherman OF Illinois
a spoke for an hour on Equality OF Oppor
- tunty." and the tenor of his remarks wa
- such that at the conclusion Mr.. c. M
:, Brown. president OF the First NAtiona
bank OF Cambridge. who was Mr.. Dawes
=, antagonist yesterday. arose to question tn
truth and logic OF some OF the statements
Mr.. Brown began by calling attention 4
=, the fact that Mr. Sherman's speech wa
- simply a continuation OF that OF MI
" Dawes, and he was proceeding 20 expires
- his disapprobation with the sentiments ex
" pressed, when the bankers, hungry an
80 anxious 10 avoid any more controversy