Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-23

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10 run things" he thought to h
In New York, in 1852, Presid
that same Gen. Clay. by then Q
civilian. II need Q man used to
doing BIG things. handling BIG
amounts Of money"
Mr.. Clay remembered the man
he met in Berlin four years
before.
I've got just the man for
you" he said. George M.
Humphrey. He'll make you q
fine Secretary Of the Treasury"
Today. in Washington. Mr..
Humphrey is quietly packing his
bags and preparing to leave the
Capital after q little more than
four years as one Of the most
important men in the admins
tration.
Formal Word Awaited
The announcement Of his
resignation to return to private
industry Is expected any day. It
viii come as q surprise to almost
no one. It win come as a dis
appointment to many on both
sides Of the political fence
Unless most Washington
prophets are looking into clouded
crystal balls, Mr.. Humphrey will
be succeeded by Robert B. An
derson. former Deputy Secretary
Of Defense.
Mr.. Anderson. q native Of
Texas, is an Eisenhower Demo-
crat." He also Is q close asso-
ciate Of Senator Lyndon johnson
of Texas. Senate Democratic
leader. Senator johnson calls
him q reasonable conserva-
tive"
Mr.. Anderson is now head Of
Ventures, Ltd. q big Canadian
mining company with head
quarters in New York.
Earlier this week he accom-
panied Mr.. Humphrey to a meet
ing at the Capitol Of the Joint
Committee on Reduction Of Nom
essential Federal Expenditures.
When and II he does take
over the Treasury post. Mr.. An.
derson win be faced with the
same tight money problem that
has plagued Mr.. Humphrey. The
increasing demand for money
at the Nations lending markets
has the Government scurrying
in its efforts to refinance the
national debt. That debt now
stands at about $273 billion, and
about $40 billion Of it comes due
every year.
Debt Cost Growing
The Government has had to
offer higher and higher interest
rates on the money it needs to
keep the debt turning over. "
It's q situation that probably
will get better, but not soon.
Tight money or no. Mr..
Humphrey has maintained that
the Government must seek its
money at the going rates.
Critics claim this raises the
interest rates all around and
makes rich bankers richer. De-
tenders insist this is better than
cranking up the printing presses
every time the government needs
money.
Whatever the solution, Mr..
Humphrey will be glad to be
out Of 1t. He has long insisted
that it is time he went back
to looking after his own affairs.
When he took the job he
planned to stay for two years.
He is two years beyond that self
imposed limit already.
When the Ohio industrialist
accepted the Berlin post on q
Government mission nine years
ago. he would have laughed at
any suggestion the trip would
lead him to high councils OF
state. Yet. that is what hap
pened.
United States policy in Ger
many was at a familiar cross
roads. There were demands
that Germany's war potential
or what was left Of it-be de.
stroyed. There were equally ur.
gent demands that Germany'i
peacetime economy be restored
Pleasant Surprise
Gen. Clay was doing the besI
he could to make sense Of ar
almost senseless proposition
When Mr.. Humphreys grouY
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