The Providence news. (Providence [R.I.]) 1891-1906, 1893-02-22
A FRIENDS TREACHERY.
WHIT BROUGHT Ruin TO BTG
BR4fINED M'kINLEY.
Trusting TO ~ friends Judgment lie
Lost His Money-His wife viii Sell
Her Property.

CLEVELAND, Ohio, Feb. 22.-Gov. Nc
Kinley was made bankrupt by over
fidelity TO the interests of friend. III
act as his trustee, and may BE- compelled
to resume the active practice Of law. The
conference which led To Mr.. Kohlsaat's
selection as trustee was held In Cleve-
land Sunday.
1t was found that the governors liabil-
ties are 500, OOO. "a sum nearly five times as
large as ne has saved during the forty
nine years of his life. Mrs. Mckinley
has property which will net probably
S75, 900 If sold under the hammer She
proposes to turn this over TO Trustee
Kohlsaat. She is an invalid and her for
tune came as legacy from her father.
Her friends protest against allowing her
means to go TO cancel the governors debt,
incurred by another II an, but she insists.
Thus the two become penniless. They
will |, Sc their Canton home and all their
household gods. Mrs. McKinley's farms
and all 40, SO that in poverty they begin
life again.
Mr.. Kohlsaat. in an interview this
morning in Chicago, said the news was
correct, aud rs the trah sactions between
Mr.. Mckinley and himself had been
made public he would tell the story of
the calamity lie said
"Mr Mckinley is the victim of most
aggravated trt achery. He never knew
TO what extent he was becoming involved
because he trusted implicitly in the
judgment OF his friend. The exposure
of his fasty completely unnerved the
victim, ana while political reverses were
accepted as part Of political hie, he
is almost unable TO endure the present
crash. But, honest man that he always
has been, ne sadly told me that he would
"A nd m N N lSh lngn IN
| cent who lent him money by reason of
| his name.
At present il is not possible to say
| how the financial end Of the calamity
! will be led. The governor will turn
over every penny he has. but this will only
be a drop comparedwith the aggregate liza
| bihties lie said his wife was thoroughly
decided TO help him cut with her own
means, which | think, will amount TO
| about 10000 IL sold at auction.
| THE governor will retire from politics
| since he cannot hold office aud az lin get
up financially. He said he would begin
his law practice again aud make IL his
! object in life TO pay all that he had beer
| dragged into owing. His affairs are
complete wreck, he failure taking the
modest home ana its contents. The
| friends OF Mrs Mex nley, the heroic
| woman that she is, declare she must not
| put her fortune at the mercy of credito rs
Just what Will be done on her part is not
yet decided She is positive one way, hel
friends are equally decided the other
Mrs. Mckinley ls with her husband IN
Cleveland aud the parties are IN confer
ence as To "A final action"
Gov. Nc Kinley is stll at the home O
Col. NJ. T. Herrick in this city, arrangin,
the business complications resulting
from the Walker failure at youngstown
The governor was seen this morning ant
questioned In REGARD 20 the report tha
ne would resign his Office as governor o
Ohio.
lie says most positively that there il n
truth ia any sucu report. that he has a
no time contemplated resigning his Office
The governor under ths present en-
barrassmeuts il showing what "a gran
man lac is. lie had small iortuue b,
fore be went TO Cong gfess, and be la
added nothing 20 IL Ia r. cent years \
OF that Will be swept awaT. la all tl
years In which he has served the peop
he has been so scrupulously honest TIA
he has allowed 10 pa ; by many oppo
tunities for money making.