New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1918-11-24
Resignation Reported as
Sequel to Dispute Over
Appeal for Votes
Many Are Reported
For His Nine Jobs
Speculation Puts Cabinet
Officer i'm Law, Banking
or as Candidate

Republicans in from Washington
to be trustworthy information, said
that it was fairly we'll understood in
the national capital that Secretary
McAdoo and the President had had a
serious controversy over the matter
Of the Presidents appeal to the coun
try for the election of Democratic
Congress.
Secretary McAdoo counseled the
President against issuing the appeal,
and after the returns showed result,
discomfiting to the President, he went
around saying that it was no surprise
to him, and this, with other things,
resulted in a GOODNESS between the
President and his son:n-law," said
prominent Republican at the Biltmore
last night.
Money Not Only Cause
While the Secretary is not regarded
as wealthy man, he is reputed to be
the owner of a large ranch in Southern
California. While a desire for larger
income may have been the controlling
reason for his resignation, it was not
the only one, it was suggested last
night.
AT the Manhattan Democratic Club
last night it was said that the only
rational construction to be put upon
the Secretary's sudden resignation was
that he wanted to be regarded from
this time forward as a receptive candi-
date for the Presidential nomination.
Another item of gossip last night was
that Francis j. Heney, Of California, at
one time Progressive, but Democrat
since 1916, is on his way here from San
Francisco, and that he is to be associ
ated in some capacity with Mr.. McAdoo.
Who Will Be President?
Charles d. Hilles, former chairman
of the Republican National Committee,
in commenting on the succession to
the Presidency in the absence Of the
President from the country, at the
peace conference in Europe, said:
Apparently the absence from the
country of the President was not con-
templated by the makers of the Con-
stitution, as nothing is said on the
point. Mr.. Marshall will not assume
the Presidents duties in this instance
because neither emergency mentioned
in the Constitution has arisen. The
next in order is the Secretary Of
State, who also is going to Europe;
and then comes the Secretary of the
Treasury, who says he is going to
resign.
ain other words, the man who sue
ceeds Secretary McAdoo as the head
of the Treasury will become the rank
ing o. scer Of the Cabinet remaining in
this country, and as such one of his
duties will be to call together the other
members of the Cabinet for consulta-
tlon on matters of national Importance.
A new man would assume great re-
sponsibflities on taking Mr.. McAdoo's
Office
Would Raise His Salary
After struggling to adjust itself to
the notion of what a Wilson Admnis-
tration would look like minus the many
sided Mr. McAdoo, New York yesterday
INDUCED in speculatons as to who will
be selected for the nine jobs he is to
vacate-and as to what he himself will
Go to replenish his personal fortune.
Among the popular nominations for
successors was one for William Gibbs
McAdoo himself. William Osborn Nc
Dowell, lawyer, of 80 Church Street.
offered a double barreled solution to
the problems created by Secretary Nc
TANoO I'D SidtlOIi, suggesting IN a leL-
ter to President Wilson that Mr.. Nc
Adoo be retained as head Of the Treas
ury and in his eight other important,
but non-lucrative jobs, in the govern
ment at salary of 100000 year
In the absence of authoritative infor-
nation, rumors as to what Mr.. McAdoo
would do when he became private
citizen held full sway Wall Street
heard he was to succeed Benjamin
Strong as governor of the New York
Federal Reserve Bank because of the
ccr ditlon of the iatter's health, but Mr..
Strong promptly ended that report by
denying it, and paying a tribute to his
retiring chief.
at is a sad exhibition Of the stupid
lty with which some of our public af-
fairs are managed in this country that
our government, the richest in the
world, does not recognize that it's i'm
portant officials should be adequately
compensated" he said.
The salary of the governor of the
Reserve Bank is $4,000 a year; that
of the Secretary of the Treasury. the
chief financial officer Of the govern
ment, is $4,000.
Another report was that Mr. McAdoo
would enter the law firm of Samuel