New-York tribune., 1907-11-22
MR.. SHAW ON FINANCE.

Leslie NJ Shaw. ex-Secretary OF the Treasury
and now president Of the Carnegie Trust Com
pany in this city. introduced TO speak on a
Measure of Relief He somewhat startled his
hearers in his opening remarks by saying: i de-
clare to YOU that what has taken place in New
York within the last thirty days bars this great
city from becoming the centre of the financial
world"
Mr. Shaw also expressed the belief that twenty
years would be required before this country and
New York recovered from the recent financial dis
turbance. and that longer could America be the
clearing house OF the world until the conditions
of tho last few weeks. so far as practically sus-
pending payments of cash were concerned, were
rendered impossible in the future Mr. Shaw then
went on TO discuss financial conditions.
He contended that much good could he accom-
pllshed by permitting the banks 70 indorse ac-
ceptances drawn against actual values and in the
ordinary course OF trade. without reporting the
same redlscounts.
Il am happy 10 find on my return TO this coun-
try" said Baron Rosen, that the memory OF days
gone by is still green in your hearts 1t has been
source OF qualification. belong 10 "A generation
who witnessed and shared soul stirring times
this country that created after the close of the
war the mission Of Admiral Farragut and Mr.. Fox
TO the nation the other side Of the globe that had
extended 10 them the hand OF friendship In the
hour of their trial"
Fx-Secretary Shaw followed by the Rev. l'r.
George Alexander. the president OF Union COL
Success"
In addition TO the speakers, those Mt the guests
table were Ex-Governor Levi r. Morton Senator De-
new. Rear Admiral Goodrich Bishop Henry c. Pot
ter. Frederick W Seward. y. de Ladygensky, consul
general OF Russia at New York; William Barrett
Rldgely United States Controller OF the Currency;
Major General Frederick =. Grant, Congressman
! Y. V OIcott. Iucien Bonzom. acting consul gen
.ral Of the French Republic at New York; c
Cneist. acting consul general OF Germany AZ New
~ Sui No h
ex-presidents Of the Chamber Of Commerce; Hart
LYMAN. S. Clair McKelway, r. c. Z. Brown and
John FoOrd.
The decorations were or an International charac-
TER Above the seat Of President simmons hung a
painting of the seal of the Chamber of Commerce
II was surmounted by embroidered coat of arms
Of the United States, surrounded by cluster OF
silk American flags. To the right and left Of this
e,roIp alternately, in the order named. were hung
embroidered coats of arms of England, France.
Germany and Russia draped with their natlona.
flags on the sides of the roorh were flags OF
o,bor countries The balconies each side of
tho room were hung with American flags and tho
coats Of arms Of the various states and territories
of the Union,
Surmounting the columns about the banquet nan
v,ere golden American eagles forming centres for
clusters of silk American flags. The central piece
r. the menu cover design female figure sit
ting upon the cap Of column and surrounded by
suggestions of art and commerce. In her out
stretched hand she held wreath Of laurel. There
v,ere pctures OF an ocean steamship and a locomo-
tive The design surnounted by the seal of
the chamber gold.