Show I SHAW INVESTED I I I i former ormer ormer Secretary of O f the Treasury In Ini i w p in the Failure I p Philadelphia l Dee Dec 8 Former Secretary or f the t e Treasury Treasur Leslie M Shaw president T of f the First Mortgage Guarantee Guarante Trust company of this city admitted today that ithe Ie Fidelity Funding Company of 1 New STork or owes him IX Said Mr Shaw My 11 loans are aro fully by bonds which aro are as safe as ita the bend of any an government on earth and margined with Additional notes at nearly Io per cent 1 1 i think tha the same Is la true with mot most and ind very cry likely all tho the banks and insurance Some of the papers have bave spoken of ot tho the St Mary Academy of Benediction Sis Ste tors and the Sisters of Visitation and other Catholic societies and Institutions aa as l creditors Unfortunately theses these the E societies are aro debtors The banks banle Insurance com corn companies companIes and private Individual are the tho creditors cr I An effort was as made a I year ago to increase the capital of at the company to something over and some sub subscriptions crl were made matte I was ono one of ot tho subscribers on condition that the th full tull amount should be 00 raised This ought to have havo bee been done as tho the proposition was all allright allright allright right if It properly handled A mon l of ot the Catholic church told me that he ho tad had known Mr Kiernan for years and had never nover known a more upright gentleman or a man with higher ideas s In my Judgment there Is ts rut hut one thing for the church to do Jut Just as soon RS RI AI the tho several bishops whoso whose dioceses are Involved come to realize tire the situation th undoubtedly get together av ap n portion tho the loss lose between them and pledge pled Its It payment They will wW then thea have h ve no dir dif difficulty In getting the necessary financial aid ald If It each aoh church and society will pay the tho legitimate debts they have contracted th the actual loss lOlls will be bo comparatively comparative small Email possibly or which Is a bagatelle with th the value of ofa ofa a n record q 2000 years without t a financial l scandal or o 0 a repudiation |