Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-02-21
IT WILL RUIN HIM.
Gov. Mckinley Will Sell Everything
to Maintain His Honor.
WIND AND STORM ALL OVER TIE LAND
Municipal Election Being Held at
Philadelphia.
ALA RM AT PORT DEPOSIT.
ALARM AT PORT DEPOSIT.
ALL LOST SAVE HONOR,
Maj. Mckinley Stripped of Everything to
Pay a Friends Debts.

ALL LOST SAVE HONOR.
Maj. Mckinley Stripped Of Everything TO
Pay Friends Debts.
CHICAGO. Feb. 2l.-Gov. Mckinley a bank
rupt by over-fidelity to the interests of friend,
has asked H. II. kohlsaat of this city to act M
his trustee and may be compelled to resign the
gubernatorial chair of Ohio and begin the nc
tive practice Of law. The conference which
led to Mr.. Kohlsaat's selection AZ trustee was
held in Cleveland Sunday evening.
1t was found that the governors liabilities
are :95, 600. assumably five times large ms he
has saved during the forty-nine years of his
life. Mrs. Mckinley has property which will
net probably SIS. 900 if sold under the hammer
She proposes to turn this over to Trustee Kohl
saat. She is an invalid and her fortune came as
legacy from her father.
Her friends protest against allowing her
means to 60 to cancel the governors debts, in
Cured by another man. but she insists. Thus
the two become peDnless. They lose their
Canton home and all their household goods.
Mrs. Mckinleys farms and all go, SO that in
poverty they begin life again.
WHAT MR.. KoHLsAAT SAYS.
Mr.. Kohlsaat, in an interview this morning
said the news was correct and as the trans
actions between Mr.. Mckinley and himself had
been made public he would tell the story of the
calamity.
He considered 1t one of the most unfortunate
things that had happened within his memory.
He said
MIR. Mckinley is the victim of most aggra-
waited treachery. He never knew to what ex-
tent he becoming involved because
he trusted implicitly in the good judy
ment Of hia friend. The exposure of
his falsity completely unnerved the victim
n Trey ted
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
lent him money by reason of his name.
at is probable Myron II. 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 will turn over
every penny he has, but this will only be a
He said his wife was thoroughly decided to help
him out with her own means, which
think will amount to about $75 600
il sold at auction. The possessions
consist of farm land near Canton and some
other unimproved property. However, all Of
it will not cover the debts, since when I left
Mr.. Mckinley we figured at least $50, 900 lIabil-
tiles and they are increasing hourly.
The governor will retire from politics. since
he cannot hold Office and again get up inan-
cially. He said he would begin his law practice
again and make it his object in life to paw all
that he had been dragged into owing. His affairs
are a complete wreck the failure taking the
modest home and it's 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
equally decided the other. Adispatch received
last evening says Mrs. Mckinley is with her
husband in Cleveland, and the parties were in a
conference as to final action
Twill the governor resign?'
'Well, it 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 i'll being governor of any state. He
once had a good practice and his brilliant repu-
tation will add to it.
GOV. NJ kINLEY WILL NOT RESIGN.
CLEVELAND, ONO, Feb. 21.-Gov. Mckinley
is still at the home of Col NJ T. Hcrrick of this
city, arranging the business complications
resulting from the Walker failure at
Youngstown. The governor was seen
this morning and questioned in regard
to the report that he may resign his Office as
governor of Ohio. He says most positively
that there is no truth in any such report; that
he has at no time contemplated resigning his
Office.
The governor, under the present embarrass-
had q small fortune before he went to Congress
and he has added nothing to it i'll recent years.
All OF that will be swept away. In all the
years in which he has served the people he has
been SO scrupulously honest that he has allowed
to pass by many opportunities for money
maEIng.
A stockholder Of the stamping works of
which Robert l.. Walker WAS president says
The affairs of the works are not
in such bad condition as one would
imagine. l have considerable stock in
the concern which 1 would sell at par
and not a cent less. OF course if the works
were compelled to shut down now it would be
doubtful If the concern could pay its debts.
However, if it is permitted to run, as it I'M
doubleday will, the affairs of the COM
pany will be settled up, and dollar
for dollar will be paid. The glass department
will resume operations very likely and the
material on hand will be worked up and then
the department will be closed. This
will give the stamping department glass
enough, with the amount already on
hand, to run until June. The assignee is
now preparing state ment for the creditors
which will be ready in short time
M'KINLEYs LIABILITIES.
PITTsBUHG. Pa, Feb. 21.-A Chronicle Tele-
graph Youngstown, Ohio. special says: A state
ment as result of the investigation in the fail
ure of Robert l.. Walker shows Gov. McKinley's
liabilities to be from 800, 600 to $l1O,0