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Shaw, Leslie M. (Leslie Mortier), 1848-1932

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Letter from Leslie M. Shaw to Theodore Roosevelt

Letter from Leslie M. Shaw to Theodore Roosevelt

Secretary of the Treasury Shaw was disappointed with President Roosevelt’s “blue pencil” comments on his speech. He feels Roosevelt is being misrepresented on the tariff question, and it is causing harm. Therefore, he thinks Roosevelt should “set himself squarely” or have a Cabinet member express the opinion. Popularity has never prevented Shaw from saying what should be said. The view that the tariff should be lowered to invite more goods from abroad is unrepublican and vicious. He plans on sending a copy of his speech to Senator Nelson W. Aldrich. 

Collection

Library of Congress Manuscript Division

Creation Date

1905-08-03

Letter from Leslie M. Shaw to all depositary banks

Letter from Leslie M. Shaw to all depositary banks

Secretary of the Treasury Shaw hears that many banks are loaning surplus funds through New York brokers at high interest rates, which are then employed for speculation. He recognizes the legal right of banks to make loans knowing they will be used speculatively. However, he is not willing “that Government money shall be enticed away from the locality where it has been deposited” for such use. He advises depository banks to return excess funds to the Treasury.

Collection

Library of Congress Manuscript Division

Creation Date

1906-09-07

Letter from Leslie M. Shaw to Theodore Roosevelt

Letter from Leslie M. Shaw to Theodore Roosevelt

Secretary of the Treasury Shaw states that the Treasury Department and the Bureau of Immigration will be liberal with the admission of individuals that may fall under the Chinese Exclusion Laws if they are attending the Louisiana Purchase Exposition. China has been invited to participate and the good faith of their participating citizens should not be questioned. Shaw assumes that the Department of Commerce and Labor will have the same policy.

Collection

Library of Congress Manuscript Division

Creation Date

1903-07-06

Remarks of Secretary of the Treasury Shaw at College Point

Remarks of Secretary of the Treasury Shaw at College Point

Secretary of the Treasury Shaw discusses historical events in finance and banking in relation to Republican and Democratic policies. He notes that support for the single gold standard has increased within the Republican party. Shaw frames this discussion by asking what conclusions an “intelligent stranger of a philosophical turn of mind” would come to after observing “self-governed and self-governing people.” He argues that “the consensus of mature judgment of the Republican party is usually right, and that the consensus of mature judgment of the Democratic party is usually wrong.”

Collection

Library of Congress Manuscript Division

Creation Date

1904-07-23

Letter from Leslie M. Shaw to Theodore Roosevelt

Letter from Leslie M. Shaw to Theodore Roosevelt

Leslie M. Shaw is glad that President Roosevelt will be meeting with a committee of railroad men. Shaw notes that “at least three-fourths of the accumulated wealth of the United States has been unearned,” referring to value increases of land and real property over time. The difficulty is in how to “adjust matters that every man who has contributed capital or effort toward the development of our country shall have his fair share of the results of American effort.” Shaw identifies the corporate evils in the railroad industry as rooted in granting rebates and special privileges, and corporate control of corporations.

Collection

Library of Congress Manuscript Division

Creation Date

1907-03-14