Evening journal., 1893-02-21

Ruined by the Deception of Friend
ohio's Governor VIII Retire From
Politics and Settle His Indebtedness BY
the Income From His Legal Practice.
CHICAGO, Feb. 21. Governor Mckinley.
made bankrupt by over fidelity to the
interests Of a friend. has asked H. II.
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 oflaw. The conference
which led to Mr.. Kohsaat's selection as
trustee was held in Cleveland Sunday
evening. 1t was found that the COVER
nor's liabilities are $95, ,000, a sum nearly
FIVE times as large as he has saved dur
ing the 40 years of his life
Mrs Mckinley has property which will
net probably $4,000 if sold under the
hammer. She proposes to turn this ever
70 Trustee Kohlsaat. She is an invalid
and her fortune came as a legacy from
her father. Her friends protest against
allowing 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. Mrs. McKinleys farms
and all go so that in poverty they begin
life again.
Mr.. Kohlsaat in an interview this morn
ing said the news was correct and as the
transactions between Mr.. Mckinley and
himself had been made public he would
tell the story of the calamity. He con-
sidered it one OF the most unfortunate
things that had happened within his
memory He said:
How Mckinley Was victimized.
"Mr. Mckinley is the victim Of most
aggravated treachery. He never knew
to what extent he was becoming in
volyed because he trusted implicitly in
the judgment of his friend The ex-
posure of his falsity completely unnerved
the victim and while political reverses
were accepted as part of a political life
he is almost unable to endure the present
crash. But, honest man that he always
has been, he sadly told me he would
begin again and no man should lose a
cent who loaned him money by reason Of
his name.
Liabilities at Least $4,000.
'It 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 win turn over
every penny he has but this viii only be
a drop compared with the aggregate liza
bilities He said bis wife was thor
oughly decided to help him out with her
own means. which l think will amount
to about $40, 900 if 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 S90 200
liabilities and they are increasing hourly
win Retire From Politics.
The governor will retire from politics
since he cannot hold office and again get
up financially. He said he would begin
his law practice again and make it his
object in life to pay all debts. His af.
fairs are a complete wreck, the failure
taking the modest home and its
contents. The friends of Mrs Mckinley
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 positive one way; her friends are
equally decided the other. dispatch
received last evening says Mrs. Mckinley
is with her husband in Cleveland and the
parties were in conference as to final
action"
His Resignation is Necessary.
"Will the governor resign2 Well it Is
hardly possible to see what else he car
do. It will be quite necessary since he
proposes TO settle dollar for dollar and
there is no money in being governor oi
any state. He once had good practice
and his brilliant reputation will add K
it."
An Endowment Political Party.