The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-02-22

CmcAoo, Feb. Ex-Governor Nc.
Kinley, made bankrupt by over fidel'
ity TO the interests OF friend, has
asked IL. IL. Kohlsaat, OF this city, to
act as his trustee and may be compelled
to resign the gubernatorial chair OF
Ohio and begin the active practice OF
law. The conference which led to Mr..
Kohlsaats selection Rs trustee was held
in Cleveland Sunday evening, 1t was
found that the governors liabilities are
$1,000, u sum nearly five times as
large as he has saved during the forty
nine years OF his life. Mrs. Mckinley
has property which will net probably
$4,000 II sold under the hammer. She
proposes to turn this over to Trustee
Kohlsaat. She is an invalid and her
fortune came as legacy from her
father. Her friends protest against al
lowing her means to go to cancel the
governors debts incurred by another
man, but she insists. Thus the two
become penniless. They will lose their
Canton home and all their household
goods, and in poverty they begin life
again.
Mr.. Kohlsaat in an interview this
morning said the news was correct, and
rs the transactions between Mr.. Nc.
Kinley and himself had been made pub
lie he would tell the story OF the calam-
ity. lie considered it one OF the most
unfortunate things that had happened
within his memory. He said: "AGr.
Mckinley is the victim OF the most ag-
gravated treachery. He never knew to
what extent he was becoming involved,
because he trusted implicitly in tho
judgment oil his friend.
UNNERvED HIM.
"The discovery OF his falsity com.
plotely unnerved the governor, and
while political reverses we're accepted
as part OF political life, lie was almost
unable to endure tho present troubles.
But honest man that he has always
been, he sadly told me he would begin
again, and no man should lose cent
who lent him money by reason OF his
name"
at is probable that Myron T. Merry,
treasurer OF the Society OF Savings OF
Cleveland, will act with me as trustee
AFpresent it is not possible to say how
tHb financial end OF the calamity will
be- settled, The governor will turn
over every penny he has, but this will
only be drop compared with the az
gregate liabilities. He. said his wife
was thoroughly decided to help him
out with her own means, which / think
will amount to about $4,000 il sold at
auction. The possessions consist Of
farm lands near Canton and some other
unimproved property. However, all Of
it will not cover the debts. since when |
left Mr.. Mckinley we figured at least
$4,000 liabilities, and they are incr a.
ing almost hourly.
WILL RETIRE FROM POLITICS.
"The governor will retro from poll
tics, since he cannot. hold office and
again get up financially and make it his
object in life. The friends OF Mrs. Nc
Kinley, heroic woman that she is. de-
clare she must not put her fortune at
the mercy OF creditors. Just what will
be done on her part Is not yet decided.
She is positive ono way; her friends
are equally decided the other.
"A dispatch received last evening
says Mrs Mckinley Is with her hus-
band in Cleveland and the parties were
in conference as to final action"
"Will the governor resign?"
at is hardly possible to see what else
he can do. 1t will be quite necessary
since he proposes to settle dollar for
dollar, and there is no money in being
governor Of any state. He once had n
good practice and his brilliant reputa-
tion will add to it."
M'KINLEY INTERVIEWED.
A dispatch from Cleveland says:
Governor Mckinley has decided to- re-
main in Cleveland until Thursday. Ho
was to have delivered IN address TO-
morrow at the General HAYS memorial
services ut Ohio Wesleyan University
in Delaware, but the crushing,blow that
fell upon him last Friday in tho failure
which swept away his fortune rendered
" impossible for him to prepare and
deliver the address. He has been watt
ing hero to learn the extent Of his
liabilities as ondorser for Robert Walker
before making any arrangements to
satisfy the holders Of the notes bearing
his name. II is stated to-day that his
liabilities will reach, II 1t does not ex-
coed 100000. Governor Mckinley was
shown tho dispatch sent out from Chi
cago this morning regarding tho ap-
pointment OF trustee 10 take charge Of
his aud Mrs. MCKinloy's property, in
which tho announcement was made
that ho would resign tho governorship
and resume tho practice OF law 10 the
Associated Press Representative the
governor snid:
"You may state that will not resign
my office and return TO the practice OF
L. l.. L 4