McAdoo, William Gibbs

McAdoo, William Gibbs (b. near Marietta, Ga., 31 October 1863; d. Washington, D.C., 1 February 1941) He matured in Tenn., moved to New York, built the first tunnel under the Hudson River in 1904, and became active in Democratic politics. McAdoo became Woodrow Wilson’s treasury secretary in 1913 and his son-in-law in 1914; he also chaired the Federal Reserve Board (see Federal Reserve system), War Finance Corporation, and coordinated railroad traffic during World War I. He withdrew from consideration as president in 1920 when Wilson declined to endorse him. The 1924 Democratic convention deadlocked between McAdoo, who favored Prohibition, and Al Smith, who opposed it, for 102 ballots before turning to John Davis as a compromise. He moved to Los Angeles in 1922 and was in favor of the New Deal as a Calif. senator (1932–8).