Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-01-04
EYES OF GOTHAM
ON WASHINGTON
Congress Expected to Enact
Remedial Currency Law
During Session.
L. M. SHAW AS A CANDIDATE.
Friends Start Quiet Boom for Him
For President senator Foraker's
Revolt Against Roosevelt.

Special Correspondence.
New York, Jan, l.-Rarely II ever
in the history of the country has the
converting or Congress been hailed with
as much delight by the business inter-
ests in New York as at the session
now under way. Ordinarily this event
is attended by greater or less anxiety
because OF the fears entertained thai
general business Is likely to suffer
from tariff tinkering" and currency
legislation" two OF the greatest buga-
boos known to the commercial and
financial communities of the United
States. In the present instance, how
ever there Is no apparent danger of
any serious legislation looking to a
change in tariff laws. but a great deal
OF attention by both the senate and
house will be devoted TO a considera-
ton OF the currency question. n mat
ter which it is now generally conceded
has had much to do with the present
great disturbances in the financial and
commercial worlds and which calls
for immediate and positive relief if
recurrence of such troubles is to be
| avoided in the future. 1t is apparent
| that both the legislative and executive
| branches of the government are now
| fully alive to the exigencies OF the stu
alton, and that they will go about the
| work of effectlng permanent relief
| measures in a calm and deliberate man
| ner, which Is why the present session
| of Congress is viewed in a far more
hopeful light than most of its prede-
| cessors. AS to exactly what nature
| the ir1nAndfnr rban0AG
| rency laws will assume it is yet to
early to foretell. as there is still a wide
difference of opinion on this all i'm
portant subject: nevertheless it may
be regarded as a practical certainty
that whatever policy is adopted will be
for the lasting benefit of the country
at large, and that henceforth there
will be little or no danger from panics
growing out OF the antiquated cur
rency system such as have been oc-
curing with increasing frequency dur
ing the past few years. III such an
event transpires, II Will be one of the
greatest blessings that has come to
this country during the present genera
tion and win mark q most welcome
elimination TO one Of the most extern
sive panics ever witnessed.
COMPLIMENT FOR SHAW.
In the height of the recent panic,
every effort to bring order out of chaos.
and when even the most astute brok-
ers were at their wits ends to stem the
current OF distrust and disorder, a bank
er of international fame and one not
given to extravagant expression re-
marked within the hearing of your cor
respondent: IF Leslie NJ. Shaw were
now secretary OF the treasury. this
whole difficulty would be settled in five
minutes" The speaker intended no
criticism of Secy. Cortelyou, who al
that time was doing everything possible
to alleviate the then extremely acute
situation. but merely meant to convey
an impression of high esteem in which
the former head of the treasury de-
partment is held by the general bank
ing fraternity and as indicating the
confidence felt in his ability to cope
with such a difficult problem. a conf
dence thoroughly well merited. as when
Mr.. Shaw held the treasury portfolio
he undoubtedly conducted that Office In
a manner never before or since OBJ |
served Ii is such expressions as these
which by many, are accepted as indi- |
eating that, II former Secy. Shaw Is at |
all DESTROYS of accepting the Republic |
can presidential nomination he would |
be found to have the hearty indorse- |
ment of the banking community and |
with this assured all the other interests |
of the country would unquestlonably |
swing into line. Mr.. Shaw, as head of |
the Carnegie Trust company in New |
York. Is now In a position very much |
to his liking and II Is doubtful IL he /
could be prevailed upon to enter into a |
presidential campaign: however, his |
name is certainly looming up as one of |
the strongest possibilities in this con-
nection and II would only take n word |
from him to start a most formidable
boom in his behalf
PRESIDENTIAL TIMBER.
In realty, a number OF Mr.. Shaw's
friends here have already started a
quiet boom for him. In the mean time
1t is most interesting to note that the
action of Senator Foraker of Ohio In
coming out In open revolt against
President Roosevelt and Secretary Taft
ana in announcing that he Is candi-
date for presidential and not for sena-
torial honors, has created profound
impression here, as well as in other
sections of the country. Few people
consider that Forakers claims upon
the presidency are sufficiently strong
to insure him the nomination, but IL is
likewise felt that his opposition to the
president and all that he represents
makes II al least reasonably certain
that the privilege OF leading the Re-
publican ticket I'm next years fight may
after all have TO go to other than
Roosevelt man, or late a number of
men high In the councils OF the Repub-
lican party in New York state have
declared their allegiance to the cam
didacy of Governor Charles Il. Hughes.
and by some he ~ regarded as one OF
the most formidable In the race How
ever, among those In a position TO best
know the true inner workings OF the
party. Mr., Hughes Is not as seriously
considered as might appear on the sur
face, especially as Il Is hardly con-
ceivahle that the Roosevelt faction viii
ever become reeonciled to him.
NO ONE BUT BRYAN.
Local politicians in the Democratic
camp, of no matter what affiliations,
have become greatly impressed with
the constantly increasing strength OF
william jennings Bryan, and even his
most bitter oppOnets are now forced 10
confess that he IN the only real candi-
date their party has to present to the
convention with any chance whatever
OF winning The New York World has
all along been very bitter IN it's de-
nunoiation OF Mr., Bryan as the candl-
cate OF the Democratic party, the poll
OF Democratic representatives and SEN
htors now in Washington just taken by
.tular ]