New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-03-31
MARK TINE, SAYS SHAW
PANIC NOT WHOLLY. EVIL.
With Retrenchment al WIN BE
We'll. Er-.Secrctary SAYS.

That we ought 70 be thankful for a little panic
like that IN Wall Street a few days ago, TO
awaken US. was the Easter message Of ex-Secre-
fary Shaw last night at the sixth annual dinner
Of the Oswego Society at the St. Denis. Il viii
do the country good ne said, TO slacken up its
pace a bit and take good breath, without having
70 Eit down by the road 10 rest In spite Of the
latest scare, Mr.. Shaw says he believes that Tevo-
lutionary reform IS no longer threatened.
Charles r. Skinner Superintendent OF Public
instruction under Governor Higgins. was another
speaker. Others were State Senator Warner
Miller Captain Francis d. CGllin. OF oswegO,
and John r. PidGeon OF Oswego. Francis r.
Hamilton. solicitor 10 the Collector of the Port.
president Of tho society. presided at the dinner.
Nevada n. Stranahan. the Collector. who is
Of Oswego's favorite and member of the
society, was not present. but two hundred
OsNego men did manage attend.
EN-Secretary Shaw. although unfortunate enough
20 be born in Iowa instead of Oswego was n
Enthusiastically welcomed when he rose TO speak.
He said in part:
The recent panic-the first since 1SM-was not an
unEniEed evil We have had little more freight
than the roads could satisfactorily handle few
more orders than the factories could NIL; little
more labor than aborers little more conmerSee
has become somewhat independent. and living ex-
peTses have advanced a little too high. Living
eApe1ses are never CHEAP except IN PERIODS oi IN
dustrial stagnation. There is p reasonable limit.
little more than reached. slight curtailment
our only danger is from rnwarranted alarm. We
have been running at a breakneek pace until every
body Sc wellnigh out OF breath If we can now
sacken and nobody lie down in the road il would be
well with us.
There is a great difference between panic and
commercial and industrial stagnation It is an
error 20 speak Of the panic 81 lSe 20 lss, The n,
lowed the panic was of long duration. while com
department disbanded. That experience is not
nov 20 be repeated. Conditions are entirely diff
inittedy Worth S 2Ss grains Sli Of gold and passes
everywhere unchaleneed. Revolutionary financial
ed q.
revenue reform is not threatened. Our prosperity
quotations our prosperity rests in our faith. and
our faith Is anchored in the promises Of God that
While the earth renaineth. seedtime and har-
vest, and cold and heat. and summer and winter
an9 gay ana nigh esis la 20. GSse q sa cron bs
put IN In great hope.
President Hamilton told OF the great men that
came out OF OsWegO County. including, as they do.
everybody from statesmen 10 newspaper men. Gov
sFnor Hughes since he became famous. has been
made an honorary member.
Ex-United States Senator Warner Miller. from
sEerkimer County. followed Secretary Shaw, who
was the first speaker. Then ex-Superintendent
Skinner spoke, adding few names 10 the list OF
well known who either were born in oswego
County or close TO it. the influence OF the county
apparently cropping out far beyond the boundaries
He said that the real OswegOans would no more
visit certain parts Of this city at night than they
svould visit the deadly haunts OF the TaVenlng
tiger as he phrased it. He added that in spite OF
that, however, he SIN lONeo New AOIA Anen ne
reciied some poetry. wherein It was shown that
material success was in no wise desirable thing.
after which he recited more poetry about the joys
OF the farmers life. All the farmers boys present
applauded Mr.. SINNERS little joke
John r. Pidgeon, lone OF rising young law
gers" decried the fact that youth and mOdesty
forbade his saying anything further than TO sing
the praises of OsWego the city. No man, ne SAID,
ever came out Of OsWego without certain ana oe-
cided ideas the government and management
o. the Union. He expressed his regrets that Gov
ernor Hughes had not been able TO attend the din
ner so he could have set him right on al
state questions. having been charged WITH All
sorts OF suggestions by the curbstone politicians
Of OsWego. He then said good word Tor eN-
Secretary Shaw % the effect that could he reach
an tie voters of the United States as he had
reached those of OswegO present. not all the IRON
bars on all the windows of all the trust companies
and banks IN the country could keep him from the
White House. The small town, he said, was
All righf-in token OF which he mentioned that
General Crantehady come from a small town 70 the
command Of an army, and Captain Culkin from
fOsU-ego TO the command OF the 18th Separate Com
pany OF the National Guard Of the state OF New
Aork
CAPTAIN Culkin then arose 10 speak about the
present and departed RloTies OF OsWego. lie said
sle thought that New York was degraded low ana
snsuferable and chiefly OF only TO care Tor
wandering OsWegOans. He admitted tnat tley
seemed 70 like the city, however.