The Sentinel=record., 1918-11-23

vour leadership in these epochal times Afiectionately yours,
 w. G. McADOO" :" The presidents letter of acceptance dated November 21. follows:
 Ny dear MT. Secretary:
 T was not unpreparcd for your let ter of the llth, because you had more than once. of course. discussed with me, the crcums tances which nave long made il a serious personal sacri- flee tor VOL 10 remain in office. know that only your high and eXactins sense Of duty had kept yoa here until
 the immediate tasks Of the var should De over. But I am none the less dis trcssod. shall not allow our intimate personal relations 10 deprive me oi
 the pleasure Of saying that in my iudg- ment the country has never mad al abler. , more resourcetul and yet pru- dent, more uniformly efficient sec retary of the treasury; ana | say tlis remembering the able devoted and distinguished men who preceded you,
 | have kept your letter a number of days, in order 10 suggest, If l could, some other solution Of your difficulty | than the one you have now felt oolig ed to resort to. Bu. havt hot been able to think of any. ] cannot ask you
 to make further sacrifices, serious as
 the loss of the government will be in your retirement. accept your resig nation, therefor, 10 take effect upon the appointment of successGr, be- ! cause in justice to you l must. "I also for the same reason accept | your resignation as director gener- al of rairoads, to take effect, as you | suggest, on the firhsst Of January
 next. or when your successor is ap- pointed The whole world admircs
 am sure, as do, the skill and eXecu-
 tive capacity with which you Banded the great and complex problem Of thC
 unified administration or the railways
 under the stress of war uses, and vii
 regret. as I do. 10 sec you leave taat position just as ,he crest of its diff
 culty is passed.
 For the distinguished. disinteres,
 ed and altogether admirable service
 you have rendered the country in b0tl
 posts, and especially for the way II
 which you have guided tho treasur! through all the rerrleAities and prob
 lens of transitional financial condl.
 lions and Of l3e finan< ing of a wa which has been without pceceden
 alike in kind and in scope, thank yol
 with a sense of gratitude that come
 from the bottom of my heart.
 Gratefully and affeetionately yours 1 WOODROW WILSON Mir. McAdo explained tG the cor
 respondents that he had "sbsoIutei
 no other reasons than those speci
 fled in his letter for tue retirement He said he realized many varied ru mors usually accompanied the resig
 nation of an official. but ne emphasiz
 ed again and again that he had no mo tive or purpose except those mentione He said he haled to "Guit the job ! just at this time. and diyliked per sonaily to disaseociate himself ofiic iallv from the president. but adda
 that necessities of providing q Twin for his wife and family make this in peratlve.
 \ moment later ono corresronien suggested
 Well ii is too bad. Mir Secretar that as a railroad man, you could ne have shared in the wage increas ? which you gave everyone else" Then. fer the first time. Mr. AlcAdo bris htened and explained his reluot
 lance to take tho action. He said h
 had not vet "lool.ed around for inl as most prudent mon do before qui' 2 tinc'" blt declared he felt like talan T lat least three montAs rest befor $ '1cchinp for work" He said nc hope 3 10 leave Washington soon after Jau nary I
 rf Nr NcAoo said he had no idea wi