OCR Text |
Show SHAW BETWEEN TWO FIRES Powerful Groups Financiers Pulled in Opposite Directions NEW YoRK. Jan. 6 The Tribune today to-day says: "As n nequc-l to Jacob M Schlff's panic speech at th- i"hamber of Commerce on Thursday. In which he said that lie had tried in vain to induce S-rret.iry Shnw to ..rue to the aid of the financial situation here. It developed yesterday thBt the Secretary Sec-retary was ailK. d In opposite direction t. two powerful eta of financiers hr-. One group, headed by the National City hank, of which James Stlllman Ik president presi-dent and which has close financial r.-la tlons with tin Rockefellers. Kuhn. Lteb & Co. and K M Marrlman. tried many means to hae the Secretary deposit Government Gov-ernment funds crc "The other, Includ .p the First National, Nation-al, of which .i(.. I" Baker is president presi-dent and whlih Ims James J. Hill In Its Directorate; ti.i- Chase National whose pr.-sldeiit I A. B. Hspblirn; the Llbrrt National and the Rock Island group of capitalists, came out squarely for home rule. Feel They Are Vindicated "The First National group had the backing back-ing of bankers In other large cities, who said that Ihe commercial Interests were not suffering and the Government should not feel called upon to help out a lot or Wall street speculators "Secretary Shaw took this course and In view of the easier rates yesterday, rep-reeentaUeei rep-reeentaUeei of the First National party-said party-said they thought they had been entirely Indicated " |