The Butler weekly times and the Bates County record. (Butler, Mo.) 1918-1950, 1918-11-28
M'ADOO RESIGNS
Secretary Of the Treasury and Di-
rector of Railroads Will Return
to Private Business.

Washington, Nov. 22.-William
Gibbs McAdoo, Secretary Of the
Treasury. Director General of Rail
roads and often discussed as one of
the presidential possibilities of 1920.
mas resigned his offices to return to
private business.
President Wilson has accepted his
resignation. MIR. McAdoo will give
up the treasury portfolio as soon as
successor has been selected. He
wished to lay down his work as Di-
rector General of Railroads by lam
1lary I, but will remain if the Presi-
! dent has not then chosen a success
sor.
Upon the new Secretary OF the
Treasury, whoever he NAV be will
devolve the task OF financing the Ma
ton through the transition period of
war to peace which probably will in
cll'de at least two more Liberty
Loans and possibly also further re-
vision OF the system of war taxation.
Letters between President Wilson
and Mr.. McAdoo. made public TODAY.
with the announcement of the resip-
nation. give Mr.. McAdoo's reasons
for leaving the Cabinet solely as a
necessity for replcrishing his per-
sonal fortune and express the Presi-
dents deep regret at losing his SON.
in-law from his official family.
Mr.. McAdoo said he had no idea
who would be his successor or sue
cessors."
1t is entirely probable the Presi-
dent may fill separately the offices
OF Secretary of the Treasury and Di-
rector General of Railroads. There
was nothing official tonight on which
to base statement of who might be
under consideration for secretary of
tnc treasury. On previous occasions
when a successor to Mr. McAdoo
was discussed, John Shelton Will
RMs, comptroller of the c,,rrerc,,
and ". l. Z. Harding, governor oi
the Federal Reserve Board. have
most generally been mentioned.
Paul Warburg, formerly member
OF the reserve board and prominent
New York banker. and Russell c.
Leff'ngwcll, assistant secretary of
the treasury, also are reckoned
:he possibilities.
President Wilson is not reauired
to choose the new director general of
railroads from among Cabinet mem-
bers. and it is possible the place may
go to someone associated with Mr..
Mc\doo in the Railroad Administra-
tion.
II the place should go to some
member OF the Cabinet. Secretary
Baker OF the War Department, Post
master General Burleson and Secre-
ary Lane OF the Interior Depart
nent are likely to be considered.
There was a probability that the
lirectorship might have gone to Mr..
iaker at the time the President de-
ided to give it to Mr., McAdoo. 1t
vas thought government operation
4 the railroads as war measure
ias closely connected with the mil
AIRY program, but the President
hose Mr. McAdoo because OF his
nowledgc of transportation prob
ems.
Postmaster General Burlcson al
eady is operating the telegraph, tel
phone and cable lines under govern
lent control. Secretary Lane is in
mately versed i'll transportation
roblems, particularly railroads, and
1r years was a member of the In
.rstatc Commerce Commission and
one time its chairman.
Walker d. Hines, assistant direct
r general OF railroads, formerly
'cw York lawyer and chairman of
le board of the Santa Fe, has been
ltimately connected with the de-
elopmcnt of government operation
nd is among those discussed in
ashington as possible successor
} MIR. McAdoo as director general