Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1918-11-23
Baker, Burleson and Lane
Mentioned as Possible
Railroad Head.
TREASURY POSITION
OF LESS INTEREST
McAdoo's Plans to Continue Railroads
on War Conroi to Meet With Strong
Opposition and Lines May Be Re-
turned to Rishtfut o~ners-No
Change Probable in Financial Policy
Of Department.


tioE of w. C. McAdoo as secretary OF
the treasury and as director of rail-
roads took official Washington so COM
pletely by surprise that there was
little speculation today as to whom
his successors would be. That there
will be two appointments Tor the Two
positions was foregone conclusion
In some quarters 1t was thought to-
day that the president may decide to
make some otaer member OF the CABIN
ct head of the railroad systems. In
such an event il was considered hkey
that place would go 10 Secretary OK
War Baker, Postmaster General Bur
Lesson or Secretary of the Interior Lane.
Z Should the president SO outside OF
the cabinet fpr director the name OF
Walter d. Hines, assistant director
general and chairman OF the board OF
directors of the Santa Fe, was mem
toned
For the secretaryship Of the treasury
the names of John SHELTON Williams,
comptroller of the currency: w. z. g.
Harding, governor of the federal re-
setSe board; Russell G. LefffngWeih
assistant secretary Of the treasury, and
Paul Warburg. formerly a member of
! the reserve BOARD and New YORK
banker. were mentioned.
Mr.. McAdoo said he bad no idea
who his successor might be and added
he would make no recommendations TO
the president.
No Change in Policy.
Regardless of the appointment 10 the
treasury post it is considered improb-
able that there will be any material
change in the policy Of the govern
ment War bonds Of short maturity
probably will be floated in 1919 as
planned by Mr.. McAdoo.
Before he leaves the treasury Mr..
McAdoo will prepare recommendations
. to congress sor legislation to change
the war finance corporation into a
peace finance corporation" thereby
permitting 1t 70 finance industries dur
ing the readjust tment period.
The future of the capital issues COM
lnittee is uncertain and the attitude
Of Mr.. ,McAdoo's successor may have
much to do with it's course.
Legacy to Successor.
| AS for the railroads me new dreC-
! tor general doubtless viii have to do
with the formulation OF policies for
future management. NJ. McAdoo re-
Gently indicated he had planned 70
! continue consolidating, pooling \and
short hauling and other forms LOOKING
to efficient operations regardless OF
! the fact that the war emergency is
over
n thic
to be developing and the issue of
whether railroads are to remain per-
manently under government direction
or to be returned to private owners
/ is taking form.
which Mr. McAdoo will leave to his
successor.
/ Dollar Day Men Want to Quit.
The resignation of Secretary McAdoo
as head OF the treasury and director
! general of the railroads stimulated to-
| day the probable order of going Of
various wartime officials who are
anxious to get back to private busi-
ness
! Bernard Baruch. chairman OF the
war industries board. recently express
+! ed desire to quit as soon as President
Wilson would agree. and it has been
rumored that Charles NJ. Schwab
! wanted to resign as director general
OF the emergency fleet corporation when
this could be done without disrupting
tho organization.
| MANY other industrial leaders called
to Washington have become restive
now that fighting has bean concluded.
| Among the officials recently resigned
are John D. Ryan.( assistant secretary
Of war; william c. Potter, his assist
ant and Frank p, Walsh, Joint chair
men Of the labor beard.
Barnard M. Baruch, chairman OF the
war Industries board. and Representa-
tive Carter GLASS, Of Virginia, chairman
OF the bouse banking end currency
comittee and one Of the authors OF the
federal reserve act. were discussed
among officials today as possibilities
disappointment to succeed Mr.. McAdoo
as secretary Of the treasury.