Imperial Valley press., 1928-07-24
RASk0b
RESIGNS
POSITION
Leaves General Motors to
Supervise Campaign for
AL Smith.
TO RETURN LATER
Leader Wishes to Protect
Auto Company From
Embarrassment.
ny United Press IeR-cI Wire

NEW YORK, July ol.-John j.
RaskOb, chairman of the Democratic
national committee, has resigned
his position rs chairman of tn"
finance division of the General
Motors Corporation, the United
Press learned authoritativcly to
day.
Raskob, however, will retain his
position as vice president and di-
rector in the corporation. lie gave
up his other post because Of the de
mands of his duties as manager of
Governor Smith 5 presidential cam
paign. RaskOb notified Alfred T.
Sloan, president of the corporation
Of his resignation and the board of
directors i'll correspondence with
Raskob expressed the hope he would
resume his finance division chair
manship after the campaign which
it is expected he will do.
Officials of the General Motors
Corporation had not issued a state
mcnt on the resignation or whether
il would be accepted. 1t was learned,
However, his resignation probably
would be treated as merely Il tenn
Porary relief from his duties with
the organization.
NEW YORK, July 24.-Alfrcd
i. Sloan, Jr., president of the GEN
cral Motors corporation announced
today that the board of directors
bal al :
the resignation of John j. Raskob
as financial chairman of the big
automobile concern.
Sloan said Raskob 5 withdrawal
was only temporary and that lac
would resume his post at the con
cluslon of the presidential campaign
of Governor Alfred T.. Smith, which
Raskub has undertaken to direct.
RaSkob also resigned as a mem
Der of the executive committee of
the corporation severing, as he said,
"All my connections with the Com.
pany.
Raskol's letter of resignation
was dated July % and that of Sloan
July -.
Sloan 5 statement said:
"Thc resignation of John j. RaS-
kob, chairman OF our finance com
mittcc, has been under consideration
and il seems to the interest of both
the corporation and Mr.. Raskob to
accept. This has been done with the
greatest regret on the part of the
entire organization. -
In letter. to Sloan, Raskoh cX-
planned that he wanted to give up
duties not only because of the de-
mand upon him as chairman of the
National Democratic committee but
because his corporation cannot he in
politics.
Sloan, in the reply, expressed his
duties with the corporation after
the campaign.
RaskOb : letter follows:
81 am rendering you herewith
my resignation as chairman of our
finance committee, as a member
thereof, and o. member of the
executive committee, effective as
of the date herein.
e "In the first place, find that
Wv hhNi'0 liitb0'N Nl'NH NV 40
chairman of the national Democrat
ic committee are such as to take all
my time and efforts during the en-
suing presidential campaign
Moreover, it is desirable for
the public to know as everybody in
General Motors should appreciate,
that the corporation is not and in
thr nature of things, cannot be in
politics.
"'Whilc all of its officers and en-
ployes, of course, are entitled to
their individual political views, the
corporation must not be put III the
light of taking sides for or against
political parties, personages or
questions.
"'Lcst, therefore, there should be
no CeA Ky