Evening star., 1941-02-02

won an uncontested divorce In CAL
ifornia in 1894 by a 30-minute court
appearance, said in Los Angeles that
she was shocked and grieved at the
news of his death.
Children surviving him are Mrs.
Clagett, william Gibbs McAdoo, jr,
of New York; Francis H. McAdoo,
of New York; Mrs. Mona Taylor, Of
New York; Mrs. Harriet Pratt, Of
Philadelphia, and Miss Mary Faith
McAdoo, of Los Angeles. In 1889 the
McAdoos adopted his grandson,
Rafael de Onante, 4. All are here
for the funeral.
Native of Georgia.
Mr.. McAdoo was born october 81,
1868, near Marietta. Ga. the fourth
of seven children of Judge William
Gibbs McAdoo and Mary Faith
FLOYD McAdoo.
In 1877 Judge McAdoo accepted
an offer to teach at the University
of Tennessee, Knoxville. His father
sent him to school for two years
and supported MIN in law course
at the university for two years.
For two years Mr.. McAdoo was
deputy clerk of the United States
District Court at Chattanooga. He
studied law at nights and was ad-
mitted to the bar when he was 81.
He went into law practice in
Chattanooga and later became
president of a streetcar line. The
company failed and Mr.. McAdoo
lost his money and presidency of
the company. He moved to New
York.
Every day he crossed the Hudson
River from New Jersey in a slow
ferry. The former streetcar mag.
nate decided transportation to
Manhattan could be greatly i'm
proved.
The McAdoo idea for the solution
was the construction of tunnels be-
meath the Hudson. Engineering au-
thorities had turned it down as I'M
feasible.
Formed Tunnel Corporation.
In February, 1902, he succeeded
in organizing the New York and
New Jersey Railroad Co., to con-
struct the tunnels and raised the
money. On March IL, 1904, Mr..
McAdoo, exultant, led a party
through the completed tunnel.
When his eldest son, Francis, went
to Princeton University Mr.. McAdoo
met woodrow Wilson, the univer-
sity president, and became inter-
ested in promoting the educators
political fortunes.
The warmth of Mr.. McAd0o'S in
terest in Mr.. Wilson was one of the
primary factors in Mr. Wilson's NOM
ination at the Baltimore Democratic
Convention in 1912. He was named
vice chairman of the Democratic
National Committee for the 1912
campaign.
The tall, spare Georgian was a
natural choice for the post of Sec
retary Of the Treasury in Mr.. Will
sons cabinet. He effected far
reaching changes in the financial
system Of the Nation. He helped
frame the Federal Reserve Act,
headed the committee which divided
the country into districts and select
ed the headquarters city for each.
He had a hand, too, in the first
Federal income tax law.
Emergency Currency Issued.
War broke over Europe in August,
1914, and the American financial
structure faced a probable spread
of the panic which had engulfed the
old world. Acting under clause
of the Federal Reserve Act, Mr.. Nc
Adoo issued 1884 100000 in emer-
gency currency.
American credits abroad were
threatened with extinction and he
formed a gold pool of 100000 900
to safeguard them. A fund of equal
amount was created to protect
American cotton growers from fhe
topsy-turvy conditions in the old
world.
Another 1915 effort was devoted
to building up an American mer-
chant marine to ward off shortage
in world shipping.
AS belligerent warships began to
threaten the safety of American
cargo carriers and seamen he rec-
commended enactment of laws per-
mitting the Government to write
war-risk insurance on them.
With the declaration of war
against Germany it devolved upon
Secretary McAdoo to find funds for
the war chest of the United States
and to refill the depleted treasures
of the Allies. To that end Congress
gave him powers such as never
before had been bestowed on a
Treasury head.
He broached the idea of the Lib
erty bonds, disregarded the opinion