“GONE FOR GOOD”

Hokitika Guardian, 28 November 1933, Page 3

“GONE FOR GOOD”

'MR \ WILLI AM WOO DIN, A PRESIDENT’S POLICY OPPOSED. WASHINGTON, November 15 Indefinite'leave of - absence-: wa£,sta‘rt- - ed to-day by >Mr cWilliairi H. W6odin, the “sound, money” Secretary of the Treasury—and lie will never come back. President Roosevelt chose to make the announcement”, in this way after admitting-'that Mr , W,oddin : recently had tendered bis unconditional resignation. (-Mr 'Woodin’s health i s not good, but the real' reason for his "retirement is his la'elcbf iaith in the President’s gold program hie. ' At- tile same time he do es not wish to embarrass Mr Roosevelt personally, and agreed to “slide out” with Vifi.niiihum of discomfort for everyone concerned. More’ significant’ is theladditionar announcement of the resignation of "Mr Dean Acheson, a rising financier of the' old school, who has been a very- active Assistant-Secretary of the Treasury.

Mr Acheson conducted most of the recent British debt negotiations, and bis retirement may have something to dq with the failure to achieve success there; •

Control of the Treasury, combining the positions vacated by Mr Woodin and Air Acheson, has been taken over by- Mi- Henry Morgenthau, jun., the former governor of the farm .credit administration.' ' . • ' ’

:.He is a son of a former Ambassador fiof Turkey, //and is a close ftibnd of Air Roosevelt, whose financial policy he will follow, no Matter "where it leads.