Rensselaer Semi-Weekly Republican, Volume 22, Number 85, Rensselaer, Jasper County, 12 July 1901 — DAWES HAS RESIGNED. [ARTICLE+ILLUSTRATION]

DAWES HAS RESIGNED.

Want® to Wear the Senatorial Mantle of William E. Mason. Comptroller of the Currency Dawee has entered his resignation to the President to take effect Oct. 1. Dawes resigns his office in order to enter the Illinois Senatorial contest this fall. *•» In answer to inquiry Mr. Dawes said: “I have resigned because of my intention to be a candidate before the people of Illinois for the United States Senate. It will not be possible for me during the next year to make a' canvass for the Senate and at the same time administer to my own satisfaction the important, the responsible office I now hold. I am in-

fluenced solely in this action by what seems to me the, plain proprieties of the situation.” i Dawes’ term of office would not have expired until January, 1903. He entered the office of the Comptroller of the Currency Jan. 1, 1898, succeeding James H. Eckels. One of his first orders after entering office stopped the practice of the employment of national bank examiners for the private examination of banks. He made a ruling levying a second assessment upon the stockholders of insolvent banks where the first assessment kad been less than the law authorized

and rebated to the stockholders such portions of the prior assessment ns determined by further liquidation had been excessive. Comptroller Dawes also organized a system of consolidation of insolvent banks-in the last stages of liquidation so that at the present time thirtyseven receiverships are being administered by two receivers, which greatly reduced expenses. One of the most prominent featurw of the Dawes administration has been the annual reports to ‘Congress.

CHARLES GATES DAWES.