The Birmingham age-herald., 1918-02-16
M'ADOO'S MIND
 WORKS IN SLEEP
By HOLLAND

though he falls asleep easily when the | time for retiring comes and awakens re- 1 freshed, nevertheless his mind-or what is sometimes called the subconscious mind works logically, clearly and effectively, so that at last when he is ready for the occupation of the day he recalls and acts upon those mystic communications l which were made to him while he slept. , This has been especially noticeable since MT. McAdoo became, under President Wilson, the master hand and mind in the control and direction of the American railway systems.
 l This however is not unusual. When l John M. Forbes was greatly occupied with working out plans for the. comple- l tion of the Michigan Central railroad and 1 for the promotion of what became the
 Burlington railroad system, his sub
 conscious mind worked while he slept, and in that way solved for him many problems which had greatly concerned him while he was wide awake.
 When Salmon P. Chase was Secretary of the Treasury, having as his chief re- sponsibility the perfecting of a new and very great fiscal system for the United States, involving at last the creation of 1 the old national bank system, he too. if | reports that were prevalent at the time are correct, found that hls subconscious mind was active and worked logically I and satisfactorily while he was appar- ently sound asleep.
 ] MT. McAdoo's recent activities and especially his latest appeal to Congress | for aid in establishing a system which I will serve greatly to relieve the finan- cial situation as it is now and as it is 1 likely to become are spoken of here with l some wonder. This amazement is due to the apparent ease with which MT. Me- Adoo handles some of the greatest prob l lems ever presented to a high officer in any nation, several of them differing one from another, in principle and purpose. It seems, however, to have been for l gotten that some of our ablest industrial | leaders, the creators of our largest rail- 1 way systems and the masters of modern finance in the United States, were able at the same time to contemplate, handle | and then perfect plans which were l really stupendous ill character That was | notably true of James J. Hill, who was ] able almost upon an lnstant's notice to turn his mind from the consideration of ! immediate problems associated with management of the Great Northern rail- | road system to other matters. In this way he demonstrated that he was mas terly authority and one of the first of the great authorities upon the improvement 1 in farming conditions and developments in the far west. So also, while still per- l fecting the Great Northern railroad he l found time to work out a plan which, had not the government interfered | through action by the interstate com
 merce commission, would have wonder ! fully increased the trade between the l United States and the far east.
 J. P. MORGAN'S WAY
 1 The late J. P, Morgan was able to pass | upon extremely important questions in-
 volving railroad congratulations while he was at the same time occupied with mo- mentous matters, as, for instance, the protecting for six months of the United
 States treasury against, those who would, ] without that protection have withdrawn \ all the gold which was contained in the q treasury vaults. E. H. Hartman could do splendidly a thousand and one things
 so to speak, in a days work
 The fact is that MT. McAdoo has now | revealed himself as possessing rare
 abilities of the kind which can com mand almost intuitively sound judg- ment and the methods by which very great plans are put into effect. This is partly due to MT. McAdoo's gift for E organization. One of the greatest oi American bankers who, before he re- I tired from active banking life, had
 created the largest of American | banks, said at one time to a friend that what he had accomplished had I been due solely to the fact that na- ture had endowed him with the gift
 of highly systematized and efficient | organization.
 l MIR. MADOO'S PREDECESSORS I None of MT McAdoo's predecessors I in the office of the Secretary of the Trnn bod ntH cib tXy at least any of importance, than the
 management of the treasury depart \ ment All of them, with single eX-
 ception-Judge Richardson of Massa
 husetts-retired after successful ad-
 ministration of the treasury poorer ir
 purse than they were when they as
 sumed the office. Judge Richardson
 was master of the art of saving, sc
 that he came out of the treasury de-
 partment better off by few thousand
 than when he went in. Secretary
 Chase was compelled to contemplate
 considerable loss of his principal, al
 though he handled as secretary hun
 dreds of millions of national securi-
 ties. William Windom was compelled
 after he retired from the treasury de.
 partment in the first months of Presi-
 dent Arthurs administration to seek
 to build up his fortune by undertak-
 
 name will pass into history for his remarkable achievement in refundine | 5 per cent government bonds at 3M per cent without any special authority from Congress for doing this The re-
 funded bonds became known as Win. | doms. John G. Carlisle was so poor
 after he retired from the office of tht Secretary of the Treasury in the spring
 of 1897 that friends in New York city undertook to solicit business for hin as a lawyer.
 MT. McAdoo will pass, into tradition
 as the creator of and the director oi
 billions of government securities. Il
 may be that should the war continue | year longer there will have beer directed by him issues involving per.
 haps $20,000, 100000 or more represent ing loans made by the American peo pie to the government.
 And yet the probabilities are tha MT. McAdoo will retire from the treas ury department with the governmen in some sense his creditor, for wer' his services to be paid for at the rat which the great men of finance de
 mand for important services he would receive millions. He does receive only
 $12,000 year.
 While still occupied with the vitall.
 important questions associated witt
 the management of the federalizet worthy only of men of the charactel
 of James J. Hill, E. H. Hartman ant
 c. P. Huntington, MT. McAdoo has alst perfected plans whereby, by con venient installments, funds can be pro K cured through the cooperation of tn
 banks, which will make it all the nor,
 easy to float in April new libert,