The Denison review. [volume] (Denison, Iowa) 1867-current, 1907-03-06
SHAW TO new YORK,
Accepts Position as Head of
Carnegie Trust Co.
HAS PRINCELY SALARY.

HAS PRlNCELY SALARY.
Denison Friends Kept in The Dark
Until Last Moment Shaw Will
Return to Denison Soon.
The interesting question as to what
Secretary Shaw would do when he left
the cabinet has been solved by the
positive announcement that he has
accepted the Presidency of the Carne-
gle Trust Company. recently organic
ed in New York. Secretary Shaw
chose to keep even his most intimate
friends in Denison in the dark as to
his plans and the announcement was
as much of a surprise to them as to
any. Last week the Review quotep
from the Secretary's Denison rela-
tives that it was probable that he
would go to Seattle. and the next
day came the news of the New York
acceptance. 1t is said that Mr.. Shaw
had a dislike to announcing his plans
in advance as he has found that when
he did they were apt to miscarry.
The Carnegie Trust Company was
organized in January and has cap
ital on one million dollars. It is a
fduciary institution and it is surmis-
ed that at the death of the great
library giver this will be the agency
which will administer his vast estate.
Secretary Shaw's world wide fame as
a financier will undoubtedly draw to
the Institution vast amount of bus
mess.
1t is said that the salary to be paid
the president will be not less than
$4,000 per annum.
This princely salary, as large as
that received by the President of the
United States will doubtless be but
a portion of the earning capacity of
the Ex-Secretary. as opportunities
for investment under the most favor
able circumstances will undoubtedly
offer themselves. 1t is understood
that Mr.. Shaw will not give up his
Denison residence and all will be glad
to know that he has lost none of his
love for the old home. The position
in New York will also make no
change in the plans for the re-organ-
ization of the Bank of Denison which
have been in contemplation Tor some
time. Just what these changes will
be has not been announced. We be-
lieve Mr.. Shaw will continue both in
private and in public life. to be d
large factor in the affairs of the ma
ton. His clear brain will be in evil
dence whether in the cabinet or in
the affairs of "high finance. The
people all over the country have the
greatest confidence in him as a
thoroughly sane product of the west.
A cool-headed. careful. constructive
statesman and financler. We would
still advise our people to keep an eye
on Shaw.
The following is the statement
which he gave to the press at the time
of the acceptance of the New York
position.
- man by taking thought may
make himself justice of the peace,
but no man in my time by taking
thought has made himself president
of the United States. and those who
have given the subject most serious
consideration have usually died in
disappointment. Admittedly some of
the successful ones have sought the
place. but none was nominated be-
cause he sought it. Neither Lincoln.
Grant. Hayes. Garfield. Blaine. Nc
Kinley, Roosevelt nor Bryan was
nominated because of the state he
represented. and some of them secur-
1 ed the prize Notwithstanding location.
Cleveland. Harrison, Parker and pos
sibly one or two other defeated can
didates. have been aided by location.
though Mr.. Cleveland was once NOM
mated in the face of an opposing del
egation from his own state.
All but two of the men whose
names / have mentioned were nomin-
ated because of what they were and
for what they stood. and the two ex-
ceptions were compromises.
His Honors Came UnsOught.
"Gsn. Grant expressed the correct
attitude of an ideal American citizen
when he said he had never sought q
place Of honor or preferment and had
never declined one. The honors that
have come to me have been unsought.
When the alternative of seeking the
nomination for governor of my state
or running away from it was present
ed simply took the affirmative of the
issue. Whatever Shaw presidential
sentiment now exists has sprung uI
orOntonoona1v and nn1eas II continues