The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1918-11-28
sEC'Y NJ ADD0 To
QUIT JANUARY |
LEAVES TREASURY DEPARTMENT
AND RAILROAD WORK.
RESIGNATION IS ACCEPTED
After a Vacation Of Three Months He
Will Resume the. Practice Of Law
In New York city-Pay
Is Too Small.

Washington, d. c., Nov. 23.-William
lG. McAdoo has resigned Office as sec
retary of the treasury and director
general of railroads, to leave the
Treasury on the appointment of sue.
Icessor and the railroad administration
on Jan. next.
i 1t was announced last night that he
had asked President Wilson to re-
lieve him now that the war is over so
that he might return to private bust
ness after six years in Office.
| President Wilson has acceded to
Mr.. McAdoo's request and accepted
his resignation.
Retirement was made necessary,
Mr.. McAdoo said, because of made
quate compensation" allowed cabinet
officers.
The secretary also explained that
| he is seriously in need of rest, al
of his health
The secretary plans to take about
three months rest and then may re-
sumo the practice of law in New York.
Mr.. McAdoo announced his resig-
nation at conference with newspaper
reporters and made public the cores
pondence between himself and Presi-
dent Wilson.
The president, in his letter of ac-
ceptance, expressed regret at the Sec
retary's resignation. referring partic-
ularly to Mr.. McAdoo's distinguished,
disinterested, and altogether admir-
able service rendered the country in
both posts.
Mr.. McAdoo explained to the re-
porters that he intended to resign be-
fore March 4, 1917, but remained be-
cause of pressing war problems.
AS yet there is no suggestion as to
who Mr.. McAdoo's successor may be,
either as secretary of the treasury or
as director general.
The Presidents Letter.
The presidents letter of accept
ance dated Nov 81, follows:
MY Dear Mr.. Secretary:
Il was not unprepared for your let
ter Of the fourteenth because you had
more than once, of course, discussed
with me the things which have long
made it a serious personal sacrifice
for you to remain in Office knew
that only your high and exacting
sense of duty had kept you here until
the immediate tasks of the war should
be over But am none the less dis
tressed. | shall not allow our init
mate personal relations TO deprive me
of the pleasure of saying that in my
judgment the country has never had
an ADLER, more resourceful and yet
prudent, more uniformly efficient
secretary of the treasury; and say
this remembering all the able, devoted
and distinguished men who preceded
you. have kept your letter a num-
Der Of days, in order to suggest, if
could, some other solution of your
difficulty than the one you have now
| felt Obliged to resort to. But have
not been able to think of any | can
not ask you to make further sacri-
fees, serious as the loss of the gov
eminent will be in your retirement.
accept your resignation, therefore, to
take effect upon the appointment of
successor, because in justice to you
| must.
Resignation Is Accepted.
Il also for the same reason accept
your resignation as director general of
railroads; to take effect as you sug.
gested, on the first of January next,
or when your successor is appointed.
The whole world admires | am sure
as | do, the skill and executive capac-
ity with which you handled the great
and complex problem of the unified
administration OF the railways under
the stress of war uses, and will regret,
as / do, to see you leave that position
just as the crest of its difficulty is
passed.
"For the distinguished, disinterest-
ed and altogether admirable service
you have rendered the country in both
posts, and especially for the way in
which you have guided the treasury
through all the perplexities and prob
lens of transitional financial condi,
tions and of the financing of war
which has been without precedent
alike in kind and in scope, I thank
you with a sense of gratitude that
comes from the very bottom of my
heart.
Gratefully and affectionately yours,
Woodrow, Wilson"
Must Provide For Family.
Mr.. McAdoo explained TO the re-
porters that he had absolutely no
other reasons" than these specified in
his letter for the retirement. He said
he realized many varied rumors us
ualIy accompanied the resignation OF
an official. but that he had no motive
or purpose except those mentioned.
He said he hated to quit the job"
just at this time and disliked person
ally 10 disassociate himself from the
president. but added that necessity of
providing living for bis wife and
family make this imperative. A mo