Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-02-22
MkINLEY'S HEAVY LOSSES.


The Failure OF Walker will Take Every
thing, Even to ais Home and It's
Furaishinss-Wm Resign the Governor
ship of Ohio.
CHICAGO, February 81. - Governor
Mckinley, made bankrupt oy over
fidelity % the interests OF friend, has
asked II. II. kOhIsaat, of this city, TO
act as his trustee, and may be compelled
70 resign the Gubernatorial Chair Of
Ohio and begin the active practice Of
law. The conference which led TO Mr..
KohlsaatS selection as trustee, was held
in Cleveland Sunday evening. 1t was
found that the Governors LIABILITIES are
sos, 900, a 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 S75,-
600 if sold under the hammer She pro-
poses TO turn this over to Trustee Kohl
saat. She is an invalid and her fortune
came as a legacy from her father. Her
friends protest against allowing her
means to 80 TO cancel the Governors
debts incurred by another man, but she
insists. Thus the two become penni-
less. 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
as the transactions between Mr.. Nc
Kinley and himself had been made pub
lie, he would tell the story Of the calam-
ity. He considered il one of the most
unfortunate things that had happened
within his memory. He said:
"Mr. McKinley'is the victim OF most
aggravated treachery. He never knew
to what extent be was becoming in
yoved because he trusted implicitly in
the judgment of his friend. The dis
covery OF his falsty completely I'M
nerved the Governor, and while politi-
cal reverSes were accepted as part of
political life, he was almost unable TO
endure the present troubles. But hon
est man that he always has been he
sadly told me he would begin again, and
no man should lose "a cent who loaned
his money by reason of his name.
1T is probable that MyrOn L. Merry,
Treasurer OF the Society of Savings OF
Cleveland, will act with me as trustee.
Al present IL is not possible to say how
the financial end of the calamity will be
settled. The Governor will turn over
every penny he has, but this will only
be q drop compared with the aggregate
liabilities. He said h's wife was thor
Oughly decided to help him out with her
own means, which / think will amount
to about SO, 600 If sold ataucton. The
possessions consist Of farm land near
Canton and some other unimprOved
property. However, ali Of it will not
cover the debts, since when left Mr..
Mckinley we figured at least $780,
liabilities, and they are increasing al
most hourly.
The Governor will retire from
politics, since he cannot hold Office and
again get up financially and make it
his object in life His affairs are q
complete wreck, the failure taking 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
positive one way her friends are equal
~ decided the other.
"A dispatch received last evening
says Mrs. Mckinley is with her hus-
band in Cleveland, and the parties
were in Il conference as to final action.
''Will he resign the GOvernOrShip?"
at is hardly possible to see what
else he can do. II will be quite neces-
sary since he proposes TO settle dollar
for dollar, and there is no money in
being governor OF any State. He once
had a good practice, and his brilliant
reputation will add to it,"