The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1908-01-16
But Despite His Emphatic State
rent an Early Resignation
Is Expected
Close Personal Friend Asserts
That the Secretary Is Soon
to Quit His Post
Wall Street Expects Him to
Take Presidency of Knick=
erbocker Trust Company
SPECIAL DISPATCH 10 THE CALL

SPECIAL DISPATCH TO THE CALL
WASHINGTON, Jan. 15.-Secre-
fsry of the Treasury George B Cor
telyou stoutly denies that he is going
to retire shortly from the cabinet
One of Cortelyou's closest personal
and official friends, however, informs
The Calls correspondent that, de-
spite the denial. the secretary will
soon relinquish his post. Postmaster
General George Won Lengerke
Meyer is commonly named as the
likely successor TO Cortelyou at the
treasury. Meyer has earned high
place in the regard of the president
during his short incumbency of the
postof1ce department. Some of his
friends doubt whether ne would care
TO accept this important advancement
at this time, because he has become
so much interested in tho promotion
OF his parcels post and postal savings
bank recommendations.
The denials which were issued at
both the White House and Secretary
Cortelyou's Office today were sweeping
and absolute The White House has
had no intimation OF a purpose on the
part OF the secretary to resign. 1t is
understood that relations between the
secretary aud the head OF the admin
-istration have been a great deal less
intimsts in recent months than thereto
fore. since the corteisou presidential
ambition bersn to develop into deh~
llte purposs his goines and cezainsfs
and plans have been more and more
kept to himself
The secretary has told his FRIENDS
within the last few days that he abb
solutely had no thought of resigning
or of doing anything else than attend
10 business.
ANNOYED By CRITICISM
Cortelyou has been annoyed. it is
understood. by criticism of his course
since his late attack OF illness. in sp-
pesring at social functions regularly,
while absenting himself from his ofice.
AF EArtdlAttiA ~ AAr - toc0AC III AC-
ply 10 this criticism is that the secre-
tsry has been attending strictly to his
own business. but doing most OF his
work at home. where he was secure
against interruptions and could ac-
oonplish much more. Then. since the
mysterious visit of J. Pierpont Morgan
10 Washington a few days ago to con-
fer with Cortelyou, it has been reported
that the latter would accept position
with Morgan financial institution.
The day after the Morgan visit it was
learned that the White House did not
know of the presence of Morgan in the
city until after he had come and gone
and there was much curiosity in high
administration circles as to what was
going on.
On the occasion OF his recent trip to
New York TO address the Hamilton
club OF Brooklyn, Cortelyou did not
either see or communicate with Nor
gan. This statement is made by way
Of answer to reports that he has been
offered the Knickerbocker trust COM
pany presidency.
MANY POSITIONS OFFERED
Further. it is stated that the secre-
tsry has had a great number of offers
Of attractive positions in the last year
and has given none Of them considera-
tion-
7 am convinced that the relations
existing between secretaries of the
treasury and Wall street have been
entirely too close said Senator Hans
brough. republican. today in urging
amendment to the AIdrich bill, which
would prevent the secretary OF the
treasury from controlling the proposed
issue Of s25O.0oo.0OO in emergency cur
rency.
Senator Aldrich said that he did not
know why the secretary did not reply
to the senate's resolution of inquiry. as
he had promised to send a reply today.
Many members Of the finance CON-
mittee are greatly sngefed by Cortel-
yous failure TO answer.
WALL STREET HEARS RUMoR
NEW YORK. Jan. 15.-It became
known today that the interests identi-
fed with the reorganization of the
Knickerbocker trust company had con-
sidered the name Of Secretary cortel-
you among others to take the presi-
dency of that institution. and that an
intimation more or less positive in
character had been conveyed to the
secretary within the last few days as
TO the consideration Of his name. one
4 the leading representatives of the
reorganization was authority for the
statement that the intimation had as
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