Show EYES OF GOTHAM ON WASHINGTON Congress Expected to Enact Remedial Currency Law During Session L L M SHAW AS A CANDIDATE n Quiet Boom for Him For lor re I t t Special Correspondence Corres New York Jan Jun 1 If Ie ever everIn everIn In tho history of the tho country countr has hiLI th thu convening of Congress COI roYs with an It much delight by br the tho business Inter Interests ests In Now York as nR at tho session HeRsl now nol under way lr Ordinarily this event eventIs Is attended hy h or less anxiety because of ot the roars tear entertained that Iha general business Is likely to suffer from tariff tinkering and currency legislation two of t tho he greatest buga bugaboos boos hoos known to the commercial and tle financial communities tins of o the United Unite States It tes In tho present Instance how however however ever there thore Is I no apparent danger of uny UI serious legislation looking to a chance In tariff laws but a IL great gOlt deal dealo of o attention by both the senate and house will wi bo devoted to a consideration tion lon of the currency question Queston a n mat mattor I tor IC which It I Is now generally conceded has hl had much mich to do with tho present great disturbances disturbance In tho financial commercial worlds and which colls for Immediate anti and positive relief if It a 1 recurrence of such troubles trouble Is to bo ho avoided in tho future It I Is apparent that both the tho legislative and executive execute branches of the government are now fully alive alve to tha tho exigencies of the situ situation and that they the will wi go jo about the tho work of ot effecting permanent relief Tolef measures In a calm and deliberate man manner manner ner which Is why the tho present session of Congress Is viewed In a far more mora than most of Its As to exactly what wha nature the Impending changes canges In our cur currency currency rency laws will wi assume It I Is II yet to early carl to foretell na M thero Is still sUI a VIda difference of opinion on this all al Im Important Important subject nevertheless It may maybo maybo bo regarded as os a 1 practical certainty that whatever policy pol C Is adopted will wi be bE for tor tha tho lasting benefit of the country at largo large and that henceforth there will wi be Ito or no danger dangel from panics growing out of tho antiquated cur currency cur rency system such as have been oc occurring oc with wih Increasing frequency dur during durIng ing tho past pat few years If I such an event transpires It I will wi he one of the greatest blessings that has come to this country during the present genera gonera generation tion and will It mark marl a most mo t welcome culmination culm to ono of the tho most exten exton extensive sive panics panic ever witnessed COMPLIMENT COlPI Fort FOR SHAW In the height of 0 tho recent panic when the tho government was putting forth every evel effort to bring order out of chaos and when even the most astute brok brokers ers rs were elo at t their wits ends to stem the current of distrust and Id a bank banker ank anker er of International tame fame and ono not given give to extravagant 1 n expression re r Hearing 01 0 your cor correspondent COI respondent If J M 1 Shaw were now secretary of the tha treasury this whole difficulty would bo settled seWel In five minutes Tho speaker Intended no I criticism of Cortelyou who at I that time was doing everything possible pos to the thu then Ihen extremely auto I situation but merely meant to convoy cOIe I nn In Impression of ot high esteem In which tho former head hen of the tho treasury tr sury de department Is held by the general bank bankIng Ing fraternity and as Indicating tho confidence felt In his ability to cope copo with wih such Ilch u IL a confidence dence thoroughly well wel merited as whon Mr Shaw w hold the treasury portfolio ho he undoubtedly conducted that office In Ina InI a I manner never before or since ob observed served It Is such expressions as which by b many are arc accepted as IS Indi Indicating cating that If former Secy Shaw Is at ut atall nil all desirous of accepting the can presidential nomination he would be found to have the hearty Indorse Indorsement Indorsement ment of the banking community and nn with this all the other othel Interests Interest of ot the tho country would unquestionably swing Into line Mr Shaw as head of ot tho Carnegie Trust company com pan In Now Ne York Is now nol In a position very much to his hili liking I g and It Is doubtful If ho hI could bo be prevailed upon to enter Into n presidential campaign however his hili namo Is certainly looming up ns one of ot the tho strongest In this eon con connection and It would only take a n word from him to 10 start a n most boom In his behalf pm Sl TIMBER In realty rolt a number of Mr i Shaws friends here hure havo hao started a 1 quiet boom boum for him In tho mean It ID Is most Interesting to noto that tho action of Senator of Ohio In Incoming coming coring out In II open opel revolt against President and Secretary Taft Tuf and hi In announcing that he ho Is a candi candidate date for tor and hot hat for tOl sena honors hOllors has created a profound Impression here hare as all well wel as In other of tho country coun tr Few l el people that claims upon tho presidency arc aro strong to Insure him the tho nomination but It Is tell felt that his opposition to tho president and Ind all al Hint ho represents it nt least reasonably certain that the tho privilege of leading the tho Re Ho Republican publican ticket In years light may after ator nil 11 have havo to go to other than a i man mun Of ot lute lato a number of men mal high In 11 tho councils of ho Iho lican lell party In Now New York state huyo declared their allegiance to tho can ul of Charles E Hughes and hy h Homo somo he II IH ns IH ono of tho must most formidable In II tho race ICO How Howver ver among In a position to bent bost know tho true truo Inner workings of ot tho party Mr HU hel IK 11 not as ns seriously considered ns 11 might appear on 01 tho sur Aur face especially es as IS It I I II hardly harl coil eUI that faction will over reconciled to him NO ONI BUT nUl Local politicians In II tho Democratic camp of no tO matter what have hU become greatly with wih tho constantly Increasing strength of William Jennings Brynn und ald oven oen I most lost are II now forced to that he Is IK the only real rell candi date party to present to tl tho thoon on Vil lon with uny whatever wl tor of oC winning Tho Now New York Yurl World has nil 11 along been blun vury ory hitter In Itu It I de denunciation le of Mr lr Bryan as 11 tho candi unI date of ut tho party the poll of f Democratic representatives II mm lOn now In II Washington Just by that thul pup r proves conclusive ly I that thai u Is tho overwhelming of ot his party hut thu poll 01 also Io Indicates that hil adherents In II that ho hI must run on n a conservative platform a I decision which tho Peer One has his evidently Jong ar arrived aI rived ut II ID In a recent speech it n New Haven Cotin Mr Bryan declared 11 that In tho campaign tho Demo Democratic cratic platform yi bo bl progressive mid ope tho Iho can rend alli understand Continuing jc We have hlo hal had In II tha ti past platforms Ie which read one uno way before be oro election and 11 another after election electon The Tho people were betrayed Now NO there Is an awakening of I We e have not got to invent principles Every I ton can bo be met by b tho old principles Everything the Iho party stood for fo has his I not been beon Vindicated Our 01 a I I I I usa III party varly havo hao been boen vindicated In a I negative leg WIY way at ut let least by b the party UIt In 11 power Tho signs all nl point to a great preat support of these principles From these sentiment J a It is clear that Bryan If called upton to lead tho l Democratic hosts will wi mako tho light tIg ht along somewhat similar lines to those I followed In his hil previous campaigns but bl among those who know tho No c best hest It Is thoroughly under understood understood 1 stood that his views on several sub have hare greatly modified and that ho may bo regarded aa Mono ono of ot the most m t conservative of tho several severt men I who havo hao been beell moro more or less Ie prominently enty mentioned as II Qualified to head I Ithe the Democratic ticket In 1908 MURPH QUITS Charles F Murphys announcement that he ho Is Ot of ot city Is simply In line Ino with the tho advices a of ot your correspondent of ot a tow tew weeks since wherein It was mado known knowl that the head of ot Tammany hall hal was anxious to both a state and ad national lead leader led leder er and that he Is II now bonding every OCI effort In that direction His announce announcement mont ment does doc not mean that he Is about to relinquish his grip on the tho I political situation In this gp city elt but that he Is determined to his hil pow powers powers ers lit EI seeming opposition to Bry Bryan HI HInn an nn Is not regarded as antI It Is I openly assorted II f that ho Is even cven now no quietly working to tho Now New York delegates to tho th Democratic national convention and that that when tho proper arrives ho h will 11 announce himself as lS favorable to Bryans lyans candidacy ean |