Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-02-16
LATER ABOUT MeADOo

cate that although he placed HIM
self In the hands Of his friends In
this matter Of candidacy, he did so
do as he pleased; In other words,
warming TO his theme he Is said to
have declared he would be candi-
date for nomination II his friends
deserted him and would win. Just
how he would go about this might
puzzle some, but when Bernard NJ.
Baruch, the New York financier,
arose and declared that. although he
had contributed nothing to McAdoo's
campaign, he would see to It that he
would have every dollar he needed,
q little light was let In on McAdoo's
confidence.
in tho Congressional Record of the
remarks of Hon. Israel NJ. Foster,
representative Of the Tenth Ohio
District. Feb. 18th. that Mr.. McAdoo,
II he has been thrifty. has u little
saved up against such predicamont
as that la which he now finds HIM
self. MIR. Foster. besides being
somewhat interested in educational
matters as trustee of Ohio Univer-
sity for fifteen or more years, Is an
attorney by profession and served in
the three previous congresses. He
seems well equipped by experience,
al i,v tho nnlp y a L n ,
which he set about That in brief is
n confirmation Of what Is sticking
In the public crop respecting Of
ncials of the government. who once
ments business find employment with
those supposed to have n desire TO
get tic run OF the governments
business.
We have room here for but a part
Of what Mr.. Foster said--we wish
We had more. for the subject is OF
public interest. Indeed the public
should find some way to stamp its
disapproval of such methods on the
part OF those who appear to capital
lie their public service. This. Of
course isn't always confined to men,
bers of any ono political party. but
Mr.. McAdoo's candidacy for the
Democratic nomination focuses the
light on him. and here is some of it,,
rs expressed by Mr. Foster:
Mir. MCAdoo resigned shortly
after the armlstice, ami shortly after.
as director general, he had involved
the railroad system of America in Il
mess not heretofore conceivable.
He accompanied his resignation with
the public announcement that he
was retiring for the purpose of max
ing money in the profession of law.
The administration had more than
two years yet to run. do not re-
coll having read of Mr.. MCAdoo
having been violently legal either
during his residence in New York
city or prior thereto. My informa-
ton is that he was n broker, then a
contractor for the Hudson tunnel.
and then entered national politics.
None Of his friends have claimed
that he ever protested To be Il prom
inent attorney prior to his retire
ment from the Cabinet of his father
in-law.
AS soon as he resigned what hap
pened? The picture him industry, to
which he, as Secretary of the Treas
ury, had awarded Liberty bond ad-
Nertisements in fabulous sums, i'm
mediately retained him to the extent
Of 100000. good starter for Il
struggling young lawyer. That is
the sum reported and | have never
heard of IL being denied. The law
firm of McAdoo, Cotton & Franklin
is organized. Mr.. Cotton has been
chief counsel for the United States
Shipping Board. a Government own
cd concern. All of its otfitficers had
been appointed during the time MIR.
McAdoo was n member of the Cab
met, John Barton Payne was. | be-
lieve. chairman Of the shipping
Board. and subsequently Secretary
OF the Interior under President VIII
son. MIR. Cotton was in position to
know. and doubtless did know. the
merits and dement's of the many
claims. totaling millions of dollars,
which had been filed against the
Government and in behalf of these
shipbuilders. Moro than $4,000, 00o.-
900 was appropriated for shipbuild-
ing. Much of 1t was squandered.
Many OF these dubious claims were
awaiting adjudication. The Ship
ping Board must pass on them. II
was under these conditions that the
opened it's offices for clients. And
who came?
1--WE are not advised as to but q
few Of these clients. What total
employment this firm received from
firms holding claims against the
Government is known only to the
members of that law firm. However,