New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-22
COY. MKINLEY IN ADVERSITY.
HE DENIES A REPORT THAT HE WILL RE'
SIGN THE GOvERNORSHIP.
HIS ENTIRE FORTUNE AND THAT OF Ills WIFE
SWEPT AwAY-A STATEMENT FROM HIS
TRUsTEE-HIs LIABILITIES INCREASING"

SWEPT AwAY-A STATEMENT FROM HIS
TRUsTEE-HIs LIABILITIES INCREASING"
Cleveland. Orio Feb Ex-Governor Mckinley Is
still the home of Colonel ". T. Hcrrick in this city,
arranging the business complications resulting from the
Walker fure ut Youngstown. The Governor wis
this morning and questioned In regard TO the re-
port that he would resign his Office as Governor OF
Ohio He said most positively that there was no truth
I'm any such report that he lad at time conten-
plated resgnng his office. The Governor. under the
present embarraSsmcnts Is showing what grand man
lie IS. lie lad a small fortune before he went to
Congress. and h has added nothing to II In recent
years All OF that will be swept away In all the
years in which he As served the people he has been
so scripuously honest that he has allowed to pass BY
many opportunities for money making.
Governor Mckinley has decided to remain In Ccve-
land until Thursday He was 20 have delivered
address morrow at the Hayes rial services, at
the Ohio Wesleyan University, but the crushing blow
that has fallen upon him made it impossible for him 10
lreIarc and deliver the address.
The Governor refused t. discuss the trusteeshp say
ing that no definite arrangement could be made until
he had learned the exact amount OF his liability II Is
probable that conclusion will be arrived mt 10
morrow II Is said that his trustees Will be Mr.
Kohlsaat Col. mel Iicrrick and Judge william Day. OF
Canton Ohio all personal friends Of Governor Mckih-
Icy. These men, II appointed would endeavo: 10 as
pose OF the property Of Governor and Mrs. Mchiii-
lev 50 that II will not have t. be sold under the
hammer. II dls2osed Of to good advantage IL might
realize - sum sufficient to satisfy all the claims Of
creditors.
4 stockholier Of the stamping works OF when
Robert L. Walker president says: THE affairs
OF tha works are not in such a bad condition rs one
would imagine. | have considerable stock In the
concern, which / would sell at par, ani not a cent
less OF course. II the works compelled TO shut
down now 1t would BE- doubtful II the concern cOuId
pay its debts. However II Ii is permitted to rum as
II undoubtedly will be- the affairs Of the company viii
be setil up and dollar far dollar will be paid. The
glass department will probably resume operations.
the material on hand will be worked up. and ten tile
department will be closed. This will give the stump
ns department glass onouga. with the amount al
ready on hand. 10 run until June The assignee Is
preparing statement for TIE creditors winch VIII
be ready in short time
Chcagr, Feb. 2l-Govcrnor Mckinley has asked IL.
IT, Kohlsaat Of this city, 70 act his trustee. The
conference which led Il Mr. KOhlsaats selection was
held I'm Cleveland sunday evening. MIS- Mckinney
ha, property which will net probably $4,000 II SOLD
under the hammer She proposes to turn this over 10
Mr. Kohlsaat She Is an Invalid ana ner fortune came
a. a legacy from her father. Her friends protest
against allowing her means to 20 to cancel the Gov
ernors debts incurred by another man. but she In
sI,t, They will lose tbelr Canton home. and all
their household goods. Mrs. McKinley's farms ana
all will 60 so that they will begin life In poverty
again.
Mr. KchIsaat. In an interview this morning. saii
that the new, correct, and as the trahsachohS
between Mr. Mckinley and himself had been made
public he would tell the story OF the calamity lie
considered IL one OF the most unfortunate things that
had happened within MS memory. lie said:
Mr.. Mckinley Is the Victim OF most aggravated
tr,achcry He never knew TO what extent 10 was
becoming involved. because he trusted implicitly III
the Judgment of his friend. Tile exposure OF HIS
.f,ss,, xt1tl la
fal-ity completely unncrved the 'lctlm' anu "n'i'
poilcal rcy,i,e, were accepted part OF political
uf he Is almost lablc To- endure the present craSh
uut ,,cs. man that he alway. has been he sadly
tod mo tIa. ac would begin again. az no man
slnUd lose A cent who lent him money by reason OF
his name.
1t IS probable that Myron T. IIerrick. treasurer
Of the Society OF savings, Of Cleveland. VIII act wi'h
me rs trustee At present 1t Is not pos'lD" l"
saw how the financial end OF the calamity VIII be
settled The Governor will turn every penny he
has but this will only be n drop compared WIN Inc
aggregate liabilities. lie said his wife wa> tho:ou-hy
decided to help him ont with her own means, WHICH,
| think will amount 10 about $4,000, II sold at
auction. Tie possessions consist OF falm hudS hea'
Canton and some other unimprovcd property. How
ever all Of II will not cover the deDts since wien
left Mr.. Mckinley We figured at least S'oo"o Ia
bes and they increasing almost hourly
The Governor will retire from politics. since he
hold office and again get up hnanciaiy. VI, iir
said he cOu!d BEGIN HIS III"
his object In life To pay all that he had been
dragged into owing His affairs are complete wreck
the failure taking the modest home an1 It's contents
The friend, OF Mrs. Mckinley, heroic woman that IN"
k declare she must put her fortune at the mercy
Of creditors. Just what will be done on her part
friends are equally decided the other. A dispatch
received last evening says Mrs. Mckinley Is win hcr
husband In Cleveland. and the parties were In a con-
ference To final action. .
"Wlll the Governor resign Well, II Is hardly pos
sible 10 see what else he can do 1t Will be quite
necessary. since he proposes TO settle dollar Tor
dollar and there Is no money in being Governor OF
any State. lie had good practice, and his
lrlrlt reputation will ad to IT,
ITtSiury. Feb. 2l-A dispatch TO The chronicle
mcnt. result of the Investigation INTO the
failure OF Robert l.. Walker shows Governor Mcknlcvs
Liabilities tn be from Floo.Oo to $1,000 The
statement was a surprise to the Governors ftends.
exceed $4,000 Arrangements are being made TO
AS president Of the Farmers rauk. Of Poland. and
The Glrar savings Bank Both institutions are per
fcctly solvent ~
calls forth the greatest sympathy from political
opponents as we'll the members OF his part.
The riImor OF his intended resignation OF the Gov
crnorShp has been Officially denied. but hi has %
10 accepting a denomination. The frerd' OF the
Governor insist that BE must lead the party again
ncN fnll and II l. certain that unless he positively
declines. the nomination wOuf - II him by the
unanimous, vote of the Rcpul li"anS Of Ohio Chair
man Purcell Of the State Genital Committee. has
declared In favor Of carly ccnv,n ion ard will ca |
the g c1mmittnc tOcother within the next thirty days
to select a date for II.
1JEIIOTS UOUdNS CRIME