The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-01-16
TERRY THREW HIS
MONEY TO WINDS
Earned S203, 200 in Eleven Years
and Has Spent l.
All.
GAMBLING CAUSED DOWNFALL
His Experience on the Race
Track Bought at q High
Figure.

NEW YORK. January l5.-Terrv Nc
Govern. the most modest ~ al living
prize fighters. disposed OF gss - in
eleven wears. To-day he hasn't cent
and IFS iuc1ra0lv insane Ills moaev-malt-
ing ability is gone his zeal estate is leav-
ily mortgaged. and but FOR tine generosity
az his friends the insuranre policy on his
life for $1,000 would lapse fur non-pa,.-
mcnt of premiums Naturally athletic
AicGOvern was well and prosperous so
long A. ne stuck solely o. boxing but a
life before the footuEht. MS an actor
fighter soon unbalanced DIS mind He
lived too fast and paress was tae lnegi-
table result
Eleven years ago an industrious little
lad was seated on q ri ketr o.d wagon
driving through rain and snow. bedding
veg tables through the streets ~ Brook-
lEn. o 60 that time bis earnings since
ms birth hadn't reached $50 a week.
When McGovern had male his first
S''o he promptly invested sl-09 in vege-
table and green grocery store for his
mother. This proved n failure. lie then
spent sil'" ia the purchase of pe,idling
"Htiit for his brothers. HuEhey and Phil
Here another failure was recorded
ln the meantime Terry had heccHue the
1901 ~ the ring and riches We're being
showered upon him. Another S3a000 had
come into his possession and in bis in
nocent way ne started out % invest II
where % would do tho most good He
purchased house at the cost Of sl9 on
including the furnishings. that his wife
might be comfortable and bis children
raised m proper surroundings. lie also
purchased p house for his mother af a
cost ~ 5000. He then invested g 500 in
vacant lots on Avenue L and the Roule-
ward These stin stand On the name OF
Ais Family. but they are so heavily mort
gagged that redemption seems almost I'm
possible.
McGovern invested s. 600 in a saloon
ia Brooklyn. which proved total loss
As an instance Of the lack OF business
knowledge, Black Critic. a negro pugilist.
was engaged to attend bar and this
heiped 20 KIN the business
Ierry's next venture was the ostab-
islment ~ a social institution called the
Terry McGovern Club. IN this he in
vested $500, but as soon as his popu-
larity waned his friends deserted him
bare
McGovern's real spending ability did
not disclose itself until after the death
ot lass little boy, and that was the be-
ginning Of his mental decay
lie conceived the idea Of making his
brother a jockey. and the stories ~ his
turf sDeculauOns filed the newspapers
for weeks. To begin With. he purchased
the horse Ocklawahs and selected purple
and green for his racing colors. Follow
ing this he bought Cincinnatus. SATURDAY
one Eyed Connolly and Spring Beauty.
For these horses he paid $4,000. and en-
gagged coterie Of trainers. jockeys and
stable boys. for which he paid $4,000 a
year FOR two years. Having the utmost
confidence IN his Judgment OF race horses
Terry bet on his entries and lost in this
way $50, O0e. He was a good thing for
the bookmakers. His racing stable failed
and Hughey did not become a Jockey.
The investment OF S5s, 900 had proved q
total loss
Not the least discouraged. Terry earned
more money in the ring and started out
10 back book ar tie race track He
reasoned that ~ the ROCKIES beat him he
could take the bookraai1er-s end and bezt
others. Here HIS Judgment was wrong
again. His losses in laying odds amounted
TO $4,000. and that was abandoned