The daily sentinel., 1908-02-29
Shaw Didn't
Make Good
Some Interesting Facts Told by Glenn Guernsey About the
lowan Quitting His Fat Trust Job Tomonow--Drew
Salary Of $36,0OO--0her New York Gossip
(By Glenn Guernsey.)

(By Glenn Guernsey.)
New York, Feb. 29.-When Leslie
M. Shaw abandoned his honored and
honorable position as secretary of
the United States treasury, to cast his
lot with the bovines and Teidy-bears
of Wall street. his admirers out in
Iowa predicted for him a brilliant
future as financier. Truth to tell
Mr.. Shaw has not made good-not
at least according to the Wall street
standard. He has resigned his $36,-
900 a year job as president of the
Carnegie Trust company and will re-
tire tomorrow. Ostensibly this action
was due to his desire to become pres
ident of the United States. Praise
worthy as is this ambition, the finan-
ciers receive this explanation with a
grain of salt. Mr.. Shaw Is by no
means a fool, and he probably knows
that his chance of landing the plum
is about as remote as that of Eugene
v. Debs or Emma Goldman.
Mr.. Shaw apparently realizes that
he has not been successful in assim-
ilating. the Wall street atmosphere,
necessary to the profitable conduct
of great financial institution. This
is not to his discredit-rather the
reverse. While he has never had an
open quarrel with his associates in
the management of the trust COM
pany, there have been constant diff
ferences of opinion. These finally led
to the flat-footed proposition that he
could either buy out or sell out. He
accepted the latter proposition.
While Mr.. Shaw's Wall street ex-
perience has been unsatisfactory to
to his colleagues, it has not been
without profit to himself. His one
years incumbency as president of the
Carnegie Trust company has netted
profit of Sill, 900. OF this sum only
$4,000 is salary, the balance repre-
senting a bonus on his shares of the
trust company's stock bought at $3.50
a share and sold back to the control
ling interests at 5000 share.
1t is likely that when the ex-sec-
retary of the treasury closes up his
affairs this afternoon, he will utter
a sigh of relief. His financial ex-
perience has been rather strenuous
one. While the Carnegie Trust COM
pany safely weathered the financial
storm that wrecked so many other
Wall street craft, the skipper had his
moments and hours of anxiety. There
is a we'll defined rumor that at one
time during the recent" panic the
trust company was forced to call for
help upon Andrew Carnegie. The
steel king has no financial interest
IN the institution, but sentimental
reasons led him to respond nobly to
the call for assistace.
Mr.. Shaw supplies another notable
example of the man who is able to
make brilliant success of his career
in other sections of the country, but
who fails lamentably in New York.
rr,t,, ia da NJ nj foi
in New York brilliant men with en-
viable records in other cities, men in
all walks of life, who find themselves
misfits in New York, and yet, like
moths dazzled by flame, abandon all
hope of wealth and fame for a strug-
Cling existence in the metropolis. Mr..
Shaw has exhibited rare wisdom in
knowing when to ''let 60"
Mer-c.iaI to Saint Gaudens.
A public meeting this afternoon
serves as an Introductory to the mem
orial exhibition of the works of the
late Augustus Saint Gaudens. to be
opened in the newly modelled hall OF
sculpture at the Metropolitan Mu-
scum of Art on Monday. Aside from
the sentimental aspect of the exhibi-
ton, it will serve to refute the state
ment of foreign critic that America
has produced no great sculptor. Gaz-
ing upon the collection of the master
pieces of Saint Gaudens, the detrac-
tor of American art will find an un-
answerable argument to his calumn-
les. The exhibits will embrace the
entire range of the genius of Saint
Gaudens, from his first notable sta
tue, "Silence," completed at Rome in
1873, to his latest work, seated
figure of Lincoln, which is to be plac-
ed in Chicago Many of the original
statues have been loaned by the own
ers and others will be shown in per-
feet plaster casts.
welcome, Gatti-Cazazza.
Those who found difficulty in pro-
nouncing the name of the lately ia
mou- Count Szechenyi will have an
other tongue-twisting task before
them next week, when the successor
of Herr Conreid, Julio Gatti-Cazazza
of Milan, is expected to arrive in New
York to assume charge of the Metro
politan opera house.
Even more difficult from the
standpoint of the American, is the
pronunciation of the cognomen OF
Nine. Kommisarzhoffskay the dis
tinguished Russian actress. who will
open her New York season on March
Is in 1sben's Nora" and who will
also appear in Andreieff's drama
1.-The Life of Man." and in Aash' Is
Jewish play, 'The God of Revenge