Bisbee daily review., 1918-11-23

efficient secretary of the treasury; and 1 say this remembering all the able, devoted and distinguished men who preceded you. l have kept your letter a number of days, in order to suggest, if I could some other solu- tion of your difficulty than the one now felt obliged to resort to. But l have not been able to think of any. 1 cannot ask you to make further sacrifices, serious as the loss of the government will be in your retire ment 1 accept your resignation, to effect upon the appointment of a sue cessor, because in justice to you l must.
 T also for the same reason accept your resignation as director general of railroads, to take effect. as you suggest, on the first of January next, or when your successor is appointed. The whole world admires, am sure, as l do. the skill and executive ca pacity 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 l do, to see leave that post just as the crest of it's 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- eN. ,f which has been without precedent alike in kind and in scope, thank you with a sense of gratitude that comes from the very bottom of my heart.
 Gratefully and affectionately your,
 WOODROW WILSON"
 MT. McAdoo explained to the core spondents that he had absolutely no other reasons" than those specified in his letter of retirement. He said he realized many varied rumors usually accompanied the resignation of an of ficial, but he emphasized again and again that he bad no motive or pur- pose except those mentioned.
 He said he hated to quit the job" just at this time and disliked per sonally to disassociate himself of ficially from the president, but added that necessities of providing living for his wife and family made this i'm perative.
 moment later one correspondent suggested:
 Well it is too bad, MT. Secretary, that as a railroad man, you could not bor uh i'm bn ge,l which you gave every one else"
 Then, for the first time Mir. McAdoo frightened, and explained his reluct- ance to take the action. He said be had rot yet looked around for a job, | as most prudent men do before quit ting" but declared he felt like taking at least a three months rest before l looking for work" He said he hoped | to leave Washington soon after January l.
 Mir McAdoo said he had no idea who would be his successor or sue cessors."
 Two Successors Possibly
 It is entirely probable that the presi- | dent may fill separately the offices | of secretary of the treasury and direc- | tor general of railroads. There was | nothing official tonight on which to i base a statement as to who might be | under consideration for secretary of | the treasury. On previous occasions | when a successor to Mir McAdoo was | discussed John Skelton Williams, | comptroller Of the currency, and w. | P. G. Harding, governor of the fed | eral reserve board, have most gen | orally been mentioned. Paul Warburg, | formerly a member of the reserve | board and a prominent New York | banker, and Russell C. Leffingwel, as- ! sistant secretary of the treasury, also | are reckoned among the possibilities. |
 President Wilson is not required | to choose the new director general | of railroads from among the cabinet | members and it is possible that the place may go to some one associated | with MT. McAdoo in the railroad ad- If the place should go to some member of the cabinet, Secre- tary Baker of the war department, Postmaster General Burleson and Secretary Lane of the interior depart ment are likely to be considered.
 Who Will It Be?
 There was a probability that the might have gone to MT. Baker at the time the president de- cided to give it to Mir. McAdoO. It was thought that government opera tion of the railroads as a war mea- sure was closely connected with the military program, but the president chose Mir McAdOo because of his knowledge of transportation prob lens.
 Postmaster General Burleson al- ready is operating the telegraph, tele- phone and cable lines under govern ment control. Secretary Lane is inti- mately yersed in transportation prob lens, particularly railroads and for years was member and at one time chairman of the interstate commerce 
 Walter D. Hines, assistant director general of railroads, formerly a New York lawyer and chairman of the Santa Fe. has been intimately con- nected with the development of gov ]