Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-01-27
William e. Curtis Says That
the Secretary Will Try For
Delegation
DID NOT MAKE GOOD AS BANKER
Carnegie Trust Company Associates
Asked Him to Resign Because He
Spent His Time Working Up Can
didacy for tho Presidential Nomina-
ton.
Special to Times-Republican

Special to Times Republican.
Chicago, Jan. 27.-Secretary Shaw
will make the try for 1owa's delegation
and there is no mistake about it, Will
ian\ L. Curtis has been talking with
Shaw SIS associates in the Carnegie
Trust company, and this is the news
which he gives to the Record Herald
He writes from New York as follows;
have asked number of well-in-
formed f1nanciers what is the matter
with Shaw, our esteemed friend from
Iowa, Leslie M. Shaw, and with one
accord they say that he is a mistlt in
New York and that is the reason he re-
signs a distinguished and influential
position in financial circles and sal
airy of $4,000 a year.
He realizes that he has not been
successful; he has not quarreled with
the controlling interests of the Carne-
gle Trust company, but they have dis
scented to his political aspirations and
as you already know he has resigned,
to take effect on the LIST of March.
When Mr.. Shaw left the treasury
department at Washington he was
elected president of a newly organized
trust company named in honor OF An
drew Carnegie. Altho that gentleman
has had no financial interest in the
institution and did not subscribe to a
share. of the stock, it is generally I'M
derstood that the promoters expected,
or at least desired him to do SO. There
| is story floating around the street
which may or may not be true. that
when the ghost dance broke out in
New York in November, and all the
| bankers began to fortify and fill their
magazines with ammunition, the direc-
| tors of the Carnegie Trust company
went to the man their bank was
named for to ask for help. But they
could not find him. His secretary told
them that he was on the ocean, They
sent him wireless message, which,
l am told, was effective in securing
from Mr.. Carnegie's secretary bunch
of glt-edged securities that We're held
tn reserve in the vaults of the bank in
case it became necessary to use them.
This was done by Mr.. Carnegie for
sentimental rather than business reas-
ons Nobody would want "a baby that
was named after him to be injured.
The bank sailed thru the panic all
right without scratch. altho Mr..
Shaw spent many an anxious hour. He
has not many friends among the other
bank presidents. They do not like him;
they do not admire his habits and Gus
toms. and many of them are very can
did in expressing their disapproval OF
what they consider his flippant and
triflling manners. Mr.. Shaw is
"iosher' and collier" and likes to
Tighten up the meetings of his direc-
tors and other bankers with jokes and
droll stories, just as President Lincoln
used to do with his cabinet during the
dark days of the civil war. Shaw is
one Of the best story tellers in the uni
verse, as everybody knows, the best
since Lincoln, many people think, and
his repertory is inexhaustible. And
while his associates and neighbors, the
mighty moguls of Wall street and low
err Broadway, the presidents of banks
and trust companies, were amused for
the moment, this talent which Mr..
Shaw's friends in the West admire so
much was not highly appreciated and
many of the people he was operating
with considered his levity inappropri-
ate and out Of place. In other words,
Mr.. Shaw declined to adapt himself to
the solemnity of New York financial
circles and his breezy western way did
not win the confidence of the serious,
solid Muldoons of this city.
Besides that New York is a heartless
place. Every western man who has
come here will tell you that the at
which they have been accustomed
There Is less bonhomie In business
circles. Every man of large affairs is
looking out for himself and seldom
permits friendship to get mixed up in
his business relations. The devil is
allowed to catch the hindmost here
without interference from those who
are the head of the procession, while In
Chicago, ST. Louis and elsewhere the
stronger always help the weaker and
lame ducks are protected.
There are many western men occu-
plying positions of great responsibility
and influence in financial and indus
trial circles in this city. If you will
look thru that Interesting book called
the DIRECTORY of Directors" which
contains lists Of the men who control
the great corporations that have their
headquarters here, you will be surpris-
ed at the number who have been ed
ucated west Of the Allegheny noun
tains and have been brought here by
the great financial interests because
of their ability and experience. And
very few of them have failed. Hx-
anime the lists of members of state
societies, for the sons of every western
state in New York have social organ
| ization and meet at least once year
| for a reunion to keep up an acqualnt-
ance and esprit de corps. If you Will
compare the lists of men belonging tC
| the Ohio, Illinois, Missouri and other
western societies with the names in the
DIRECTORY of Directors you will real
| ize the force of what | say. The sue