The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-02-27
VIII Visit Europe for study and Oh
servatiOn and Later Take Serv.
ice with a Big Corporation.
M. E. ALEs TO SUCCEED HIM
OHIOAN WHO Is SAID TO BE WELL
QUALIFIED FOR THE PLACE.
Now Private Secretary to Mr.. Gage
and Has the Confidence Of All
High Treasury officials.

WASHINGTON, Feb 26.-The resignation
of Hon. Frank A. vanderlip. assistant Sec
retary of the treasury, was announced at
the department to-day to take effect on the
qualification of his successor, not later
than March s. 1t is Mr.. Vanderlip's inten-
ton to sail for Europe soon in order to
make a study of financial and industrial
affairs in England and on the continent. 1t
Is understood that on his return he will
become identified with large Western cor
poration. an offer of which position he has
held under consideration for several
months.
Mr.. Vanderlip entered the public service
simultaneously with Secretary Gage. COM
ing to Washington the secretary's pri-
vate secretary. In the rush of the first few
months of President McKinley's admins
tration he demonstrated executive ability
of a high order and a capacity In the man.
agement of affairs which won an assistant
secretary's commission. he having been ap-
pointed to that Office in July, 1897, on the
expiration of the term of the late Scott
Wike He retires from the department of
his own free will, with the confidence and
the high regard of both the President and
the secretary of the treasury. Mr.. Wander
| lip was conspicuously successful in the
management of the details of the war loan
of 1898 and of the recent refunding opera
| tions under the new financial law
Mr. Vanderlip's resignation has occa-
stoned deep regret in the Treasury Depart
ment. In speaking OF his retirement Sec
retary Gage said: 'I am sorry indeed to
have Mr.. Vanderlip leave us. He has been
| an able and exceedingly valuable assistant
| TO me. 1 realize. however, that at his age.
for he is still young man. it is to his ad-
vantage TO engage in the wider opportuni-
| ties which his abilities can command in
| financial and industrial fields He deserves
| the success which is sure to come to him.
| and much as / should like to have him sta v
| during the remainder of my administration.
| / also feel that he is doing himself Justice
| by entering into wider activities
1t is understood that Milton f. Ales. of
Ohio, will succeed Mr.. vanderlip. He is
thirty-four years OF age and Is a native of
sidney. o. He entered the government
service fourteen years ago as an assistant
| messenger in the Internal Revenue Bureau
| of the Treasury Department. and since has
passed through all of the grades of the civil
service He studied law and was admitted
| TO the bar in 1891; was made law clerk in
| the miscellaneous division in that year. In
| 1898 he was appointed to a special position
| in the Customs Bureau, and later was made
private secretary 10 then Assistant Secre-
| tary Wike. During this service Mr. Ales
had excellent opportunities for acquiring a
| thorough knowledge of the Treasury De-
| partment and its workings. and because OF
| this knowledge he was detailed to the sec
retary's office early in the administration
| and later was appointed private secretary
| 10 the secretary OF the treasury He has
| written much on financial subjects and has
been a frequent contributor to the popular
magazines. He is regarded as a youns
man of exceptional ability. and IL is know,
| that he has long possessed the entire con-
| fidence of Secretary Gage and tho other
high treasury officials His name probabI,
viii be sent to The Senate tomorrow.