Show MELLON MAY MAYI I QUIT CABINET I I Probable Retirement Dis Dis- DisI Discussed Discussed I cussed In Inner Circles At Washington I BH nr Hr n H IlD COL ot cou Special for fog The Standard Examiner Copyright 1923 I W WASHING Gl ON Aug 11 The The I retirement of ot Secretary Moll Mell Molln nI I from from the cabinet 1 Is being dIscussed in Inner circles In Washington as aai t development de of the nl next tt weeks j I A desire of or long standing to re- re relinquish re relinquish linquish public office EO so that homay he deI may get Jet back to the pressing do- do demands de 1 I mands of hi his numerous private ate at- at af affairs fairs has been strong In Secretary Mellons Mellon's thoughts th the past part year or more On three occasions this correspondent Is reliably Informed Mr Mellon broached the subject to the late President Harding and one of these thesA occasions Mr Harding Is reported to haic hase had some little difficulty In using his powers power to Induce the Secretary of I the treasury to remain In office It is regarded hero as almost certain certain tam tain that after atter a becoming period lIt ot of time Mr Mellon will ill renew his request to President Coolidge that he be bo permitted to retire 1 ers here believe that one of th that ren reb- reb rea reasons sons why hy Mr Mellon cut short his European trip after the death d ot of President Harding was as a desire to toI place President Coolidge as aa speedIly speed- speed I lly Ily a as possible Ia n the potion of I having II a free tree hand to appoint to th treasury portfolio a man of ot his own choosing should he desire to todo todo lown do 10 so soCO CONSPICUOUS CO SUCCESS I Mr Mellon is regarded by adminIstration administration admin- admin adminIstration leaders loaders here hero as aa one of oC the consPIcuous the Hard Hard- HardIng Harding ing lag cabinet He lie Is ranked bT by those leaders with Hughes and Hoover in ID and constructive genius But at the same time It is admitted with reluctance that th vork M Mr Mellon was lias called upon to under under- undertake take when ho assumed office has ha boen largely accomplished ad ld 4 that tN financial pro problems of today are arc neither so pressing nor so 80 great as those ho he soh soiled eJ at the outset of his I administration In other words as sees it Mr Ir Mellon iS s nearing com corn completion completion of the most difficult phases of the tho work ork he undertook when handing was inaugurated and his retirement from the cabinet would not be attended by the hardship upon the tho administration that woud have marked it a bear eor or more ago It was then Mr Mellon Melton first sup sup- sug suggested to President nt harding that ho he hebo hobe hebo bo be allowed to withdraw from P pi- pi lc lie Ilc life iO O MAJOR PROBLEMS S With the British funding d debt bt Settlement an accomplished fact tact to lo blaze the way for the tho settlement of other foreign debts with the ta tax revision law In operation for tor nearly two years and w with th government re- re receipts re receipts exceeding expenditures Mr Mellon would leave the treasury ina strong position on There are no financial problems pressing tor for solution now other i than a possible revision of o the tax taxi i la laws by the tile ned neit congress anti and Mr 1 slows Mews levs as to what should be done alrea already ly are wen well Those slews i Ie lews s run somewhat coon coun counter ter ter t 10 to the o opinion of oC- som ot of the themore themore more ocal leaders leadeN In the next con con- con congress gress grese just as they run counter to the ideas ot of the tho leaders who worked out ont the revenue law that of 1921 Mr Mellons Mellon's tax ta reduction be started d with a cut of 50 per cent In the he maximum n schedules of surtax and nd thereafter thereafter it If possible be extended to other r sched schedules does not fit tit In In apparent apparent- apparently ly Iy with ith the tho con conception of may representatives who will attempt ta tax revision next wiMer FORTH RI RICHEST MAN MAN- Mr lr Mellon Mr Mellon l rated by some per per- persons persons per persons sons as the fourth richest man JOan in the world ha has done much u ht hiS hs ad admirers sato say sa- to create a feeling lot of confidence in the administration In business circles His political op- op opponents opponents op opponents has ha Ila o e sometimes character character- him a aa the exponent of ot bIg business but his lila associates ba has b e o r- r re regarded hl his efforts as basIng ing ha InC result result- resulted resulted resulted ed largely In restoring business con con- confidence con confidence durin during the recent period of depression f fAn An Indication of ot President Cool Cool- CoolIdge Cool mdge Idge reaction to the possible resignation resignation nation of ot the secretary of ot the th tn t tress tress- ury trea-ury ury Is afforded b by t the e repeated during the presente present e week J to his official cial Ilal callers of ot his desire to carry carO out outto outto outto to the letter Jetter the Hardin CONTI UE To General Lord t the e director or ot of the bureau of the budget to See Sec Secretary Sec Secretary rotary Hughes to the attorney gen gen- general pen Gen General eral and to others th presIdent has baa said that the passing of President Harding would In no wise change the the passing of ot the On the contrary positive Instructions Instructions are arc reported to hive have hav b ben given in se se notable instances ins 10 policy to continue with with- without without out changing the policies of 0 o M 21 Harding President Coolidge it i la Is i likely would make Q a a strong effort Ito to Induce Mr Mellon to remain In 1 office should the tho letter tender his resignation On the other othet hand Mr 1 Mellon is known to be I desirous of ot Should he be Ta- Ta remain re remain main In the cabinet observers here believe It would be only upon the tho urging ot lila his chief |