The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-02-20
M'KINLEYS NAME
Not Smlrched Through the Failure
OF Robert Walker.
HELP TO Be FORCED UPON Him
BY Friends In ohio-He Does Not
Lack for Friends in AdversIty-hc
Has Never Made u Dollar Dishonor.
ably-Grealy Surprised at the
Amount OF His Liability,

YoUNGsTowS, Feb, l0.-Goyernor Nc
Kinley, who remained here Friday
night to ascertain the exact extent OF
his liability as an indorser ON the paper
OF Robert l.. Walker, tho banker and
manufacturer who failed Friday, was
out early yesterday morning at the
office of Attorney ii, X, Taylor, The
governor was as suave and allable as
though waiting to respond to an alter
dinner toast, instead OF having been
brought to realizing sense that his
friendship for Walker would cost him a
fortune, lie was ayerse to speaking OF
the failure and reiratned from any critt-
cism OF MS friend.
"When | was informal OF tho failure,
said he, ~ supposed that my signature
was on, perhaps, $4,000, but not to eX-
coed $4,000, OF MIR. Walkers paper,
VI hen talked with Mr.. Walker and
learned from him that the amount
would reach 100000, it was asurprlser !
assure you. In lact was not prepared
for il. What intend to do is 10 AZ once
pay every dollar OF paper on which |
am indorser that is past due, Some OF
1t has not matured, understand, and
runs to April or May. All that Will
be called in and paid oil promptly, as |
desire to have tho matter settled rs
speedily as possible,
ANXIOUS TO KEEP \ GOOD NAME,
"One thing ! desire the public to
know, and that is did not have dol
lars worth Of interest in any OF the in
vestments or enterprises OF MIR. Walker;
and when he asked me to indorse ior
him | did it ms friend, without eX-
pecLing the slightest recompense; and
sincerely hope that no one will be I'M
just enough to attach any moral OBJ
liquity to me. acted simply rs one
friend would TO help another, aud will
pay every cent that my signature on
the paper OF MIR. Walker calls for"
Prior to leaving here Tor Cleveland
to-day to meet his wife, the governor
was called upon by large number oil
private citizens, who rendered their re-
grets Tor his financial trouble. When it
became known that Governor Mckin-
10y would probably lose every dollar he
has, several well known citizens, pos
sessing abundant means, decided to
show their friendship by rendering
him sympathy OF substantial Charac-
ter. When they requested him to
name the amount he needed in the
present emergency, the governor was
visibly affected, and Tor the first time
nearly broke down. lie declined TO
name any amount aud $4,000 was
placed at his disposal as q loan, to be
repaid at his own convenience, the
gentlemen-r refusing TO accept anything
from him as security excepting his per-
sonal obligation.
NO WEALTH DisHoNoRABLY GOTTEN.
This morning it was ascertained that
similar action had been taken by a
number OF wealthy men at Cleveland
who will advance the governor all he
may desire on the same terms. One OF
tho men here who offered the loan said :
Governor Mckinley has always kept
out OF speculation, refusing to invest in
railroads, mines or other corporations,
and is comparatively poor, while other
men in public life, taking advantage Of
the opportunities offered, have become
millionaires and had their regulations
smirched by being connected with
questionable schemes. The governor
has kept his skirts clear, his reputa-
ton is untarnished and when such a
man gets into financial trouble through
no fault Of his own, it is pleasure to
tender him substantial assistance"
Nearly q complete list OF the Walker
paper bearing Governor McKinley's
signature was soen to-day. The amount
in the aggregate is 100000. 1t is be-
lieved now that in any event it will not
exceed SG5,000. Accountants are ut
work on the affairs of Mr.. Walker, and
will furnish complete statement in n
day or two 1t Is already known, how
ever, that every dollar he has will be
swept away and he will be left penni-
less.
A run was made on the Girard Saw
ings Bank, OF which Mr., Walker II
president, but it did not continue long,
as every claim was paid promptly on
demand. There is every assurance that
this bank and also the Farmers
National Bank at Poland, OF which he
wGs also president, are entirely safe, as
neither had been handling any OF his
paper for some time.
rLANs FOR THE EMBARRASSED COMPANY.
The reorganization Of the Youncs-
town Stamping Company will continue
it in operation. This is the plan of the
stockholders, and every creditor thus
far seen is heartily in favor OF it. The
Girard Stove Works, OF which Mr..
Walker was also president, is in tho
hands OF receiver, the manager, Louis
Carl, being appointed. Its liabilities
are $4,000, and its assets 100000.
A dispatch from the governors home
Canton, says: Governor McKinloy's
liabilities in the Walker failure at
Youngstown occasion grave apprehen.
sions among his friends here. A local
banker said yesterday that the Walker
paper had been floating in the banks for
some time because Endorsed by McKin-
ley. 1t is thought that moro OF the
paper Is ailoat than appears in the first
reports OF the case. McKinloy's friends
claim that ho will be able to meet tho
difficulty without becoming absolutely
bankrupt, rs ho has an unlncumbored
business block here valued at $4,000
and his wife has interests in her own
name that are said to exceed 100000"
A telegram from West Newton, Pa,
says: An investigation to-day shows
that Robert H. Walker does not own
any coal mines here rs reported. Ho IL
II small stakeholder in Il Wost Newton
mine, but his failure will not affect the
financial standing Of tho mining com.
pany or the working of tho mine.
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