The Fargo forum and daily republican., 1918-11-23

Presidents cabinet stands the same
as ii did six years ago, ana ms
friends say he has taken a great aeal
OF pride in referring to 1t as team.
At the opening OF his second term
the President asked all the members
to remain.
a Bit Of Personal History
The rise of Mr.. McAdoo to q, place
of influence in the administration,
which many have declared was sec
ond only to the President was Verg
fast. AS southern lawyer VINO nad
been interested in transpoFtatloH
schemes in southern cities he Went
to New York and accomplished the
| then almost unbelievable feat OF sue
cessfully tunneIling the Hudson river
for electric trains. One Of the nrst
men to suggest the scheme-f not
actually the first-he was adjudged a
lunatic and he lived to see the pro-
ject and accomplishment. His name
Eshas been forgotten in the success Oh
the achievement
Led Fight for Wilson
When Mr. Wilson, then governor
of New Jersey, became a presiden-
tial possibility, Mr.. McAdoo was
practically unknown to him. But
Mr.. McAdoo took a leading part in
his campaign, as vice chairman of
the Democratic national committee,
and much of the time, as acting
I chairman and also as chairman OF
the finance committee. The Pres1-
dent-eIect chose him for secretary
Of the treasury at the outset OF MS
administration, and many OF his aa
mirers have pronounced him the
most capable since Alexander Ham
ilton. OF course he has not been
without his critics.
A Hard Worker
Tt has been well known In Wash-
ington that Mr.. McAdoo, a man OF
comparatively small personal for
tune. has felt that sooner or later he
must replenish his resources. Friends
at various times have expressed ap-
prehension for his health, for he has
while the duties of secretary Of the
treasury in times of world war
probably would have taxed the health
and energy of any one, he did not
hesitate to take on the railroad adj
rninistration and found time to
take a prominent place in the Pres
idents councils on other subjects.
While on a. recent trip in the west
he fell from a horse and broke a rib,
whatever on his general health.
Man of Big Things
Since the European war broke out
in the summer OF 1914, Mr.. McAdoo's
department has faced many big eco
nomic problems Lately the tremer
dous liberty loans and corrolary
problems Of financing war expenses
have been his principal concerns. Mr..
McAdoo stood. out strongly against
all treasury advisers in May. 1917.
and maintained that two billion dol
lars was not too much to ask the
American people to give in single
loan. .,s..
Others argued that half billion,
or at most a billion was enough.
Active ins Many Lines
AS leading builder of the federal
reserve system, an early advocate OF
a great government built merchant
marine, and a developer of the fed
eraI farm loan system, he was known
particularly. Promotion Of closer
commercial and financial relations
between the United States and Lat
in-American republics was another
subject n which he was interested.
He played a prominent part in pre-
pairing the, income tax law, and in
developing measures to- permit a
flexible financial arrangement to tide
the nation over rough periods of
financial history during the war.