The Sentinel=record., 1918-11-23

Nashington Nov 22.-Wllliam C. McAdoo aas resigned office as sec retary of the treasury and d!reCtcr general Of railroads, to leave the treas ury on the appointment of a success or and the railroad administration on January |, next. It was announced tonight that he had asNed President Wilson to relieve him now that the war is over so that he might return to private business after six years in of ffec.
 Mir. McAdoo announced his re5igna- ton in conference with newspaper correspondents and made pubic cor respcndenee between himself and President Wilson
 Mir. McAdoo explained ro tie cor respoLde that he had intended to resign before March {. 1917, but re mained because of pressing war froo- lens. As yet there is no suggestion Of who MT McAdoo's successor may be. eithe: as secretary of theh treas ury or director general of the rail roads,
 The president in his letter of accep- tance. expressed regret at the sec TetaTy's resignation, referring partic-- rlarly to Mr. McAdoo's distinguished disiRteres,c cd and altogether admora1le service rendered tho country in both posts"
 Mir McAdoo's letter of resignation, dated November h. follows:
 Dear MT. President:
 Now that an armis tce has 0ecn signed aad peace is assured. | feel at lsberty 10 advise ycu of my decree to return, as soon as possible. to pri- yate lifs
 T have been conscious for some time of she necessity for this step, but. Of course, I could not consider 1t whiie the country was at war.
 For almost six wears I have work ed almost necessarily under the Iress- ure of great responsibilities. Their exactions have drawn heavily on my streMeth. The inadequate compensa ton allowed by law 10 cabinet otflc CTS. (as you know receive no com pensation as director general oi rail roadsl and the very bdrdenscme cost uf living in Nashln2ton have 50 ce- pleted my personal resources thas am obliged t0 reckon with the facts of the situaion.
 'I do not wish to convey the lm- pression that there is any actual i'm pairnIent Of ntv health. because such i' not the iaEt As a result of long over work | need reasonable period o' genuine rest to replendish my energy But more than this. l mus, for ta' sake of my family, ge. back to privat' life. to retrieve my personal fortune
 q cannot secure the required rest nor the opportunity to look after my long neglected private affairs unless am relieved of my present responsi' bilities.
 q am anxious to have my retirement effected with the least possible in- convenience to yourself and to tht publlc service. but it wolld, thinl be wise to accept my resignation now as secretary oi tue treasury. 10 be rome effective upon the appointm2n and qualification of my successor st fiat he may have the opportunity an' advantslge of participating promptly il inc formulation of the policies tha should govern the future work of m treasury. would suggest that m resignation as director general or ralt roads become effective January |, l9ls or mon the a,pointment of ny suc cessor.
 q hone you will understand m dear MT. President. that | wlii ferml pothin= bul the most iniperious Ie mands to force my withdrawal Iron public life. Always | shail cherish q t.ic greateat honor of my career th opportunity you have so senelousi nivcn me te serve shv coansfy aAae