The Montgomery advertiser., 1908-02-16

States delegates. The third aspirant who may be called an adopted-soT candidate. so far as New York is con cerned. is ex-Secretary of the Treasury Shaw. formerly of Iowa and more re- gently at tho head of a well-known trust company of this city.
 Having made over $100.000 :n the year that he has occupied this posi- tion, the buzzing of the presidential bee has drawn the ex-Secretary away from Wall Street to the political arena While his precise plans for securing q share of the Chicago delegates have been kept secret, his purpose Is indi- cated by. the annOdncement of prom inent publishing house that 1t Is about to bring out a book by Mir. Shaw and that the title of the book is Current Issues." whether or not he has the delegates, Shaw has the platform on which he Is willing to run all set forth in black and white and nobody can complain that they do not know where he stands >un the tariff, for it is all In the book.
 Whether or not this novel plan of campaigning helps his political for tunes. Mir. AShaw's book ia very timely. coming. as 1t does, on the eve of 6 presidential campaign, and it is like ly to find a good many readers who will want to have a clear exposition of the intricacies of currency and tar- if questions.
 At any rate. the ex-secretary has gone the Taft postal card campaign one better.
 The old saying that time is money never received a more apt and concrete illustration than in New York at the present. day. Minutes, here are liter ally viewed as dollars for based upon the annual earnings of the people of New York City each minute, of the working day is worth ss0,000.
 Tn other words, results of labor, high and low. paid in the metropolis amount to just little less than $15,OOO000 a day or about $4,500 900 900 a year.
 Nowhere else in the world has time ever been so valuable so far as its earning power is concerned. In this fact, lies the explanation, q the tre- mendous expenditures which are be- ing made, particularly in connection with transportation about the city, which persons unfamiliar with existing conditions often look upon as being needless extravaganza. In the light of what these Improvements will save to the earning public, they are all sound investiment.
 The $7O.O00 .OO0, for instance, which is being expended at the Grand Central Terminal VIII mean a saving or rom six to eight minutes on each train, or the daily creation of LAO additional minutes for work. At $30. 900 a min ute. this would mean the saving Of $43, 100000 every day. Of course, the sum is not actually so large, but the fact remains neverth eless that 1t will not take long to get back the s70.000.- poo in question and that the invest ment even from the point of view Of persons who have to pay for 1t Is sound one.
 It is the tunnels which afford per haps the most concrete Illustration of he value of time in New York City. the rivers by ferry is, at best. ! slow process, and 1t is simply to save he minutes. each one worth $30.00O, In this means of travel, that hundreds ,f millions of dollars are being ex- pended on tho tunnels under the river.
 Father Knickerbocker hopes shortly 10 reach the point when his time will oe worth $50,OO0 a minute, but even now his record Is far ahead of that ,f any other city in the world.
 Longacre.