Willmar tribune., 1920-02-25

Nnlcn adtatelY preceded his retire
{ { rom the cabinet, speculation has
ssoeen FIG as to what it all means. II
!. Wilson is now in full possession
:soI n1s mental faculties, and suddenly
.aascovers, on February z, that Mr.
-Lansing has been holding cabinet ses.
3 nlons each week for four months in
stne White House, what has been the
mental condition OF Mr.. Wilson these
pest four months?
. t1as man SO mentally lame as not
70 Know and not to be inquisitive
I enough Ito inquire about the meeting
OF anon-meeting of the cabinet, been in
the zasplendid mental vigor' reported
oversand over again by his doctors?
And Il Doctor Grayson and Mr..
umulty we're present at cabinet
meetings and were going back and
I forth from those meetings to Mr.. Will
: sons bedside, and if they did not tell
4 MN that there had been cabinet meet.
s1ngs, how was it that he knew enough
Ito write his message to congress in
December? And how did he get the
material with which to review the
: work Of the industrial conference,
the threatened coal strike, the actual
strike, and the military training and
league OF nations issues with which he
has dealt in official communications or
letters? His message to congress in
December was largely filled with rou-
tine matters from the departments.
1T sounded as though it were framed
In cabinet meeting.
F1>5z-s 4 - REAL CAUSE HIDDEN
As matter of fact, nobody in
Washington who has witnessed the
play of intrigue around the White
House during the presidents illness
doubts that the president knew of the
cahinet meetings. His assumption of
Ignorance has many precedents in his
previous actions, notably his claim
that he knew nothing of the secret
1 treaties between the allies until he ar
rived in Paris.
On the other hand, there is a very
definite basis for the presidents wrath
zSat Mr.. Lansing, and that is the hui
initiation of the president before the
whole world by the published letter Of
Earl Grey, the British ambassador, adj
syising that the allied governments
must deal with the senate and accept
s the Lodge reservations in spite of Mr.
Wilson's protests.
Mr.. Lansing is suspected by the
: president, it is understood, of having
Z assisted Earl Grey to reach these con-
clusions-perhaps to frame the letter
setting them forth.
PROFITS OF RESERVE BANKS
= Reports Of the governments federal
reserve banks for the past year show
high profits. The system as whole
has earned Is per cent on capital in
vested. Six per cent is paid on the
capital advanced by member banks
and the remainder of the profits goes
to the government.
The Federal Reserve bank of Rich.
mond, Va, for instance, has net prof.
its of s3,902,796 for the year 1919, or
80 per cent on the $4,392,000 of CAPT
tai actually paid in. OF this sum the
bank pays $252,s71 as a per cent
dividend on the capital owned by mem
ber banks and the government keeps
the balance of $3,649,925 In 1918 the
net profit of the same bank was ST..
J 325, 900, or over SO per cent
This conspicuous success OF govern
ment management ought to do much
to show that such management can be
successful If the officers want to make
it so. Special privilege does not inter
fere here as it would in nearly all
other forms of public ownership man
: aged by old,party politicians, because
4 the bank directly serves it rather than
the public.
T. ! I - McADOO AS JOB FILLER
William Gibbs McAdoo, son-in-law
aof the president and by all odds the
most forceful of the 10 men who to
date have left the Wilson cabinet, is
said to have been playing leading
role, behind the scenes, in the work OF
the White House during the strange
period of the chief executives illness
There is story that McAdoo has been
using the eelong-distance telephone from
4 New York City at very frequent in
: tervals, suggesting to Secretary Tu
+1 al tsyVo,d hottor mt thie m n