Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1918-11-24
Indications Are That Resigna-
ton Of McAdoo May 0per-
ate to Throw Question Into
Hands Of Congress
COCKTAILS BELIEVED
SLATED FOR PLACE
Believed President viii Favor
Man Who Has Executive
Ability and Has Never Been
Connected With Roads
tsr no.srae ,ou.r.. .rre,.l LEASED w,.s,

Washington, Nov. 23.-William G..
McAdoo's resignation as head of the
treasury and railroad administration
precipitated discussion today of the
future status of railroads. an issue
which had been somewhat dormant
up to the present Indications are
that result of his retirement would
be to throw into congress and into
public discussion much sooner than
otherwise the issue of whether gov
eminent operation is to continue in
definitely, whether this will be ex-
tended to government ownership or
whether the roads will be restored to
private management, with some sort
OF federal revision to permit their
continued pooling and unified opera
ton.
Speculation as to Mr.. McAdpo's
successors, however. took equal rank
with the discussion of the future poll
icy toward the railroads.
For the position as secretary of the
treasury, Representative Carter Glass
of Virginia, chairman of the house
banking and currency committee, is
known to be under serious considera-
ton by several of President Wilson
closest advisers. Friends of Mr.. Glass
say he has o. reputation for being a
close student and constructive thinker
on financial subjects and for executive
ability in number of private enter
prises.
Gocthals Considered.
For director general OF railroads
there appears to be much more doub'
OF the presidents selection. such g
man as Mai. Gen. George w. Goeth-
ais is wanted, II was stated today--a
man with executive ability not closely
connected heretofore with railroad
management, who could view PROB.
lens from the public standpoint ano
at the same time could direct tht
staff and organization already bull
up by Mr., McAdoo. :,
On the new director general of ran
roads, whoever he may be, VIII DE
volve the task of guiding the roads
through the readjustment period. Thl
task will apply to many phases or EN-
ployment conditions, rate practices
traffic reforms terminal consohua
lions. distribution of newly purchased
cars and locomotives, policies of gov
eminent financing of additions pet
terments. extensions and equlpmen
purchases. continuation of reroutni
and short hauling, Standardization
operating methods and measures q
increase the traffic capacity or tn
rail system to handle the big Voium
of freight expected during the mex
few years.
IJpon the policies of the new raj
director will depend largely whetne
the government shall continue com
Inning the railroads into homo
genons unit or begin the "breakin
nm" process in preparation for re
sumption of private control Fro1
the presidents selection, observers De
lieye, may be determined to larg
degree the attitude of the admihistra
ton on the railroads future;
NcAdoo FayOrs Ownership.
This is one reason why the pickln
of a new director general is regarue
as fraught with such unusual signil'
canoe, -, .., .
Although Mr.. McAdoo will retire
nrivate life, his friends say he has n
thought of refraining from expressih
his IDEAS on governmental policle
FROM time to time. Particularly WI
he remain interested in the raiiroa
question and those in close touch VII
Mr.. McAdoo would not be surprlse
IN see him come forward in re-
months with specific recommends
tions for the nations consideration
tha railroad issue. Mr.. McAdoo
said nv his friends to look with az
FAVOR on restoration of individu'
,,a;lroad competition and there nay
haen MANY reports that eventually I
xyoild advocate complete governmei
o,vnership. to be effected by eXchant
of government bonds for railro,a
securities. Formally and ofiiciaii
however. Mr.. McAdoo never mas II
dictated this attitude.