The World. [volume] (Martinsburg, W. Va.) 1891-1896, 1893-02-25
MONEYLESS.
Every Dollar Of MeKinley's Pos
sessions Swept Away.
The Governors Good Friend Tells the
Story Of His Downfall.
II Il Claimed That Mckinley Was the Vie
tim OF Treachery--His Faithful Wife
Insists That Her Property Shall Go
TO the settlement Of the Debt.

CHICAGO. Feb %. Gov. Mckinley,
made bankrupt by over-fidelity TO the
interests Of a friend, has asked II. II.
Kohlsaat, OF this city, TO act as his
trustee, and may be compelled 70 re-
sign the governship Of Ohio and begin
the active practice OF law. The con-
ference which led to Mr.. Kohlsant,s
selection as trustee vas held 10 Cleve-
land sunday evening. II was found
that the governors liabilities are
SOL. 900. a sum nearly five times
us large as he has saved dur
ing 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
10 Trustee Kohisaat She is an invalid.
and her fortune came as legacy from
her father Her friends protestagainst
allowing her 10 cancel the governors
debts, Incurred by mother man. bnt
she insist2 Thus the two become PEN
niiess
They will lose their Canton home and
all their household goods Mrs Me-
Kinleys farm, and all go. so that in
poverty they begin life again.
Mr. Kohlsaat, ID an interview Tues
day morning. said the news was cor
rect. and as the transactions between
Mr.. Mckinley and himself had been
made public he would tell the story
OF the calamity. He considered il one
81 the most unfortunate things TINT
had happened within his memory lie
said:
Mr. Mckinley is the victim Of the
most aggravated treachery He never
knew 10 what extent he was becoming
involved, because he trusted implicitly
Ii the Judgment Of his friend. The ex-
posture 81 falsity completely unnerved
the victim, and while political reyerses
were accepted as part Of political life,
he is almost unable to endure the pres
ent crash. 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 rea-
son Of his name
1t Is probable Myron T. Merrick,
treasurer Of the Society OF Savings Of
Cleveland, will act with me as trustee.
At present it is not possible to say how
the financial end Of the calamity will
be settled The governor viii turn
over every penny he has, but this will
only be drop compared with the ag-
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 if sold at
auction.
The possessions consist of farm land
near Canton and some other unim-
proved property. However, all of it
will cover the debts, since when ! left
MIR. Mckinley we figured at least 500. 600
liabilities and they are increasing al
most hourly. The governor will retire
from politics, since he can not
hold Office and get up finan-
cially. lie said he would begin
his law practice again and make it his
object in life to pay all that he had
been(dragged INTO owing. His affairs
are a complete wreck, the failure TAX
ing the modest home and its contents.
The friends Of Mrs Mckinley, heroic
woman that she Is, declare 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 pos
tive one way; her friends are equally
divided the other.