Show P FUTURE STA IUS OF RAIL RAIt LINES BECOMES IS ISSUE McA doo Retirement Brings to Fore Vital ital Question of National Policy Washington Nov 0 William G G. McAdoo's doos resignation as head bead of ot the thc lie treasury and railroad administration precipitated discussion to today 8 of ot the future status of or railroads an an Is issue ue which had been somewhat dormant up ul to the thc pr present sent Indications were that thata Ft a result of or his hla retirement would be beto beto beto to throw Into Congress and aIlI Into int public pub pub- tic lie di much sooner than otherwise other other- wise sise tho the Issue of or whether government go operation Is to continue Indefinitely whether this will be c extended to government government gov gov- ownership or the thc roads will be restored to private management man mali ngern nt with some Bomo sort of oC federal re revision revision re- re vision to permit their continued poolIn poolIng pool- pool In lag Ing and unified operation Speculation us as to Mr 1 tc McAdoo's uc- uc however took tool equal rank with the lie of or tho tile future futuro policy toward the tho railroads railroad For tho the position as secretary of or tho the treasury Representative Carter Glass of or Virginia chairman of the House banking and currency committee Is known to be under serious consideration tion b by several se of President Wilsons Wilson's lh closest advisers hers Fi Friends lends of Mr lr Glass say ho hc has a reputation for 11 being a close chose and antI constructive thinker on financial subjects an and for tor executive e ability in a n. number of ot private a e enterprises enter p ris es For director general nelll of ot railroad there thero appears to be much more doubt of or the tho Presidents President's selection Such a aman man i as ns MaJ Gen George V. W Co Goethals thal Continued on Paso Pao 2 FUTURE STATUS OF RAil liNES ISSUE Continued From p I. I Is wanted I it was wn ted stated to today todaY todaY-a n-n n a with closely connected con con- executive n ability HIl not heretofore with railroad management man mci- aAn who could view leW problems I from the public standpoint and nt t tIe lo e same time could direct the staff taff hn and j I organization alre already 1 built up tip b by Mr McAdoo I r l lOn On the n new w director general gentral of oC railroads railroads rail rail- I rO roads whoever lie he may be hO will de- de e- e ol f oh the task o of guiding lIl the tho roads through the tho lip readjustment period This tusk task will apply to mall many phases o or of eta om- plo con conditions rate rato practices p traffic raffle reforms terminal consolida- consolida I loris of ot newly purchased and anil locomotives locomotive policies of or go gov o 1 eminent financing of oC additions betterments better olter- ments luciUs extensions eXtension and equipment purchases pur pur- chases chase continuation of or rerouting and short hauling standardization of oC operating oper methods a nut and 1111 measures S to In Increase increase In- In lre crease c the tho traffic capacity of or the rail N system to handle tho the big volume o of freight expected b by students of or In Industrial In- In development dO during tho the nc t few years I Upon the tue policies of oC the new nt rail lall director will till depend large largely whether tho the government gO shall Ahall continue continuA combinIng j ing the tho railroads Into a homogeneous ou I unit or begin beJin tIle the breaking up process In Iii preparation for tor re resumption of or private control From the tile Presidents President's Pre Pres ident's selection observers orA believe ma may be determined to a large e degree deArco the tho attitude of ot tho administration on the railroads railroads' future I 1 Choice Cholet of oC t I This Is one reason wh why tho the picking of oC a now director general IB Is rc regarded as aa fraught with such unusual BI sig Although Mr McAdoo doo will ivill retire to private life lICe his friends sa say ho has hasHO no HO thought of oC refraining retraining from froni ex CX expressinG expressing ex pressing his ideas on governmental o policies from Crom roni time to time Particularly Particularly InrI will he lie remain Interested In the tho railroad question and those In close touch with Mr Ir McAdoo doo would not be bo surprised to see lee him come forward Cor In Ina ina a n. few tew months with specific recommendations recommendations for Cor or the nations nation's consideration tion of if the railroad Issue Mr Ir McAdoo doo is said b by his fi lends friends to look with disfavor on re of or Individual railroad competition and there have ha been man many reports that eventually he would advocate complete government ownership to be effected b by exchange of ot government bonds for tor railroad securities Formally ant and officially of of- however howe Mr Ir McAdoo ne never neer er has In Indicated this attitude |