The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-02-22
M 'KlNLEY'S POVERTY.
Ohio's Governor Ruined by 10y
atty to a Friend.
He MUST BEGIN LIFE OVER AGAIN

Will Retire from Politics, Resume the
Practice of Law and Endeavor to Pay
Every Dollar for which He IL liable,
Dirs. McKiniey's Proposed Sacrifice.
YOUNGSTOWN, o., Feb GA statement
IS result OF the investigation into the
failure of Robert l.. Walker shows Gov
ernor Mckinley's liabilities to be from
100000 to $4,000 The statement was a
surprise to the governors friends, as it
was believed his liabilities would not ex-
coed $4,000. Arrangements are being
made to take up all of his paper. Mr..
Walker has resigned as president of the
Farmers Bank of Poland and the Girard
Savings bank. Both institutions are per.
fectly solvent.
CHICAGO Feb Ex-Governor Mckinley,
made bankrupt by over fidelity to thein.
terests of u friend, has asked H. II. Kohl
saat, of this city, to act ns his trustee. The
governors liabilities are 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,-
200 ii sold under the hammer She pro
poses to turn this over to Trustee Kohl
saat. She Is an invalid, and her fortune
came rs a legacy from her father Her
friends protest against allowing hermeans
to go to cancel the governors debts in
Cured by another man. but she insists
Thus the two become pennless They will
lose their Canton home and all theii house
hold goods. Mrs McKinley's farms and
all go, SO that in poverty they begin lifo
again.
y Victim of Troachery.
- MT kohlsaat in an interview said the
news was correct, and as the transactions
hnt Mr. Nn[ [i,,1a l. 4
been made public he would tell the story
of the calamity. He considered it one Of
the most unfortunate things that had
happened within his memory He said:
MIR Mckinley is the victim of most ag.
IEravated treachcry, He never knew TO
what extent he was becoming involved
because he trusted implicitly in the judg-
ment of his friend. The exposure Of his
falsity completely unnerved the victim:
and while political reverses were accepted
Is part of n political life, he is almost un.
able 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 cent who lent him
money by reason of his name.
SIT is probable Myron T. Merrick, treas.
urer of the Society of Savings of Cleveland,
will act with Inc as trustee. Al present 1t
IA not possible to say how the financial end
of tho calamity will be settled. The gov.
ernor will turn over every penny he has,
but this will only be drop compared with
She aggregate liabilities lie said his wife
was thoroughly decided to help him out
with her means, which Think will amount
10 about Si0,o00 If sold at auction.
The governor will retire from politics,
since he cannot hold office and again get
up financially. He said he would beein
his law practice again and make il his OBJ
sect in life to pay all that he had been
dragged into owing. His affairs are com.
pletely wrecked, 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
che mercy OF creditors. just what will bo
done on her part Is not yet decided She is
positive one way; her friends are equally
decided the otAer."