Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-01-25
Recent Carnegie Trust Company
Deal Reveals Vast Fortune
of Former Governor
INTERESTED IN NEXT MOVE
Iowa Politician Wondering What
Shaw Will Do Next-May Como to
Iowa and Run for Senator-capitoI
Constructors Prophecy Came, True
State Plans For Canvas Cottages.
Special to Times-Republlcan.

Speclal TO 1lmeS-RepuDNCan.
Des Moines. Jan. 25.--The state OF
Iowa will be astonished to learn tha,
Leslie NJ. Shaw is "a Multimiliionaire
The news comes from his recent deal
in the Carnegie Trust Co, wherein he
proximating $1,31O,SOO.
Everybody in Iowa who has come in
contact with Hon. Leslie NJ. Shaw
| recognizes in him a man of remarkable
shrewdness and business segacity
| Everyone who knows Shaw at all
| knows that he knows how to drive a
| bargain. But $1,310,800 in four years
/ is going; some" and according to the
/ best information of his business asso-
When Governor Shaw left Iowa to
become Secretary Shaw he was recog-
niZed as rich man as the word goes
in an agricultural state There has
been u story circulated widely that
he made a half million in rice lands
in Texas. This story is denied by one
Of the men who was in the deal and
who says that they didn't make a
dollar. The land was close to Beau
Texas this land went up in price by
leaps and bounds. They could have
sold at one time and made half
million, but they didn't and the bot
tom dropped out of the oil craze and
out of the price of their land as well.
In the dispatches from New York on
the row in the Carnegie Trust Com
pany. Mr. Dickinson, the vice pvesi-
dent. is quoted as saying: MIR. Shaw
wanted to be president of the United
States 1t was either case Of being
the president of the Carnegie Trust
Company or president of the United
States. There has been no trouble at
all about stock distribution. 1t is
untrue that / control a majority Of the
stock. Mr. Shaw's shares of the stock
amounted to $1.31O,S00. Mr.. Shaw
bought them at $3.50 per share and
they will be taken over by me at prices
ranging from $50 to $500 per share"
In another interview Mr.. Shaw is
quoted as saying that there was dis
agreement between him and Mr.. Dick
inson and that he offered to buy Dick
inson's shares and that Dickinson was
majority stockholder. If Mr.. Shaw
contemplated buying Dickinson's
shares and Dickinson is majority
stockholder. that Mr.. Shaw must have
in ready cash considerable more than
s1,310,SO0 with which to buy such
shares. OF course it is reasonable to
suppose that he might borrow some
With the stock as security.
When Shaw left Iowa he did not
count his money by millions. Ac-
cording to all reasonable interpreta-
tions he is now easily multi-milion- !
aire.
Politicians are giving considerable
attention to discussing what Secretary
Shaw is going to do. The general
Shaw among the ''unemployed," the
men out of a job. OF course in view
of the statement of Mr.. Dickinson Of
the Carnegie Trust Company that he
will take over Shaw's shares of ST.
310.800 at a considerable premium
there is no feeling of anxiety as to
how Shaw will make living. But
Shaw is man of active mind and will
not be idle. What will he do?
Secretary Shaw will return to Iowa
and run for the United States senate
He will make a strong vigorous cam
paign on the stump, advocating the
Roosevelt policies and his name will go
On the primary election ballot for Un-
tied States senator"
The above was the expression of one
IF the most prominent railroad men,
in the state Of Iowa, and it
s the feeling that number of prom
nent politicians have
The belief is that Shaw will take the
,lace Of Allison on the ticket 1t is
recognized by everyone that Allison is !
both in mind and body and
hat he is in the hands Of a coterie
If men who are using him as tool
rhe claim of those who believe Shaw :
will take Allison's place on the ticke. t
lition physically he would not be a I
candidate, but being enfeebled in mind |
le is easily persuaded to do things
which, if his physical condition, We're
,etter, he would know that he could,
lot do. Having used Allison's name
gainst Cummins till it has served the ,
purposes of the campaign Shaw will :
'e substituted.
In going thru the mass of material
n the way of documents and letters :
rom the vault Of the governors office
he archives department has stumbled :
pom a letter written by Superintendent
'inkbne who superintended the con-
truction of the state house in which
he fire of 1904 was prophecied and de-
cribed This letter Of Mr. Finkbine
allied the attention of the governor to y
le fact that mass of material was i
tored in the attic of the state house. e