The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-01-16
TERRY THREW HIS
MONEY TO WINDS
Earned S2o3 200 in Eleven Years
and Has Spent 1t
iI.MtI All.
GAMBLING CAUSED DOWNFALL
His Experience on the Race
Track Bought at High
Figure.

NEW YORK. January l5.-Terry Nc
Govern. the most modest Of all living
prize fighters, disposed of sao320O In
eleven years. To-day lie hasn't cent
and Is ncurably insane. His money-mak-
ing ability IL gone, his real estate Is heav-
lily mortgaged, and but for the generosity
of his friends the insurance policy on his
life for $1,000 would lapse for non-pay-
ment of premiums. Naturally athletic,
McGovern was well and prosperous SO
long as ne stuck solely to boxing, but a
life before the footlights as an actor
fighter soon unbalanced his mind. He
lived too fast and paresis was the ineyi-
table result
Eleven years ago an Industrious little
lad was seated ON a rickety old wagon
driving through rain and snow, peddling
vegetables through the streets of BROOK
lyn. Up to that time his earnings since
his birth hadn't reached so week.
When MeGovern had made his first
800 ne promptly invested 1900 In vege-
table and green grocery store for his
mother. This proved a. failure. He then
spent s1,l0O in the purchase of peidling
outfit for his brothers, Hughey and Phil.
Here another failure was recorded
In the meantime Terry had become the
idol of the ring and riches were being
showered upon him. Another 10000 had
come into his possession and In his in
nocent way he started out to invest It
where it would do the most good. He
purchased house at the cost OF sl3, 900,
including the furnishings. that his wife
might be comfortable and his children
raised In proper surroundings. He also
purchased house for his mother Mt a
nf IL ftln,, -nn L..
vacant lots on Avenue u and the Boule-
ward. These still stand In the name of
his family. but they are so heavily mort
gagged that redemption seems almost I'm
possible.
McGoyern invested $4,000 in a saloon
in Brooklyn, which proved total loss.
AS an instance of the lack OF business
knowledge, Black Critic, negro pugllist,
was engaged to attend bar and this
helped to kill the business.
Terry's next venture WAS the estab-
lishment OF social institution called the
Terry McGoyern Club. In this he in
vested $500. but as soon as his popu-
larity waned his friends deserted him.
and the club rooms were left cold and
bare.
McGoverns real spending ability did
not disclose itself until after the death
of his little boy, and that was the be-
ginning of his mental decay.
He conceived the idea OF making his
brother a jockey. and the stories of his
turf speculations filed the newspapers
for weeks. To begin with. he purchased
the horse Ocklawaha 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 a 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 $4,000. He was n good thing for
the bookmakers. His racing stable failed
and Hughey did not become jockey.
The investment of $4,000 had proved a
total loss.
Not the least discouraged. Terry earned
more money in the ring and started out
to back book at the race track. He
reasoned that II the bookies beat him he
could take the bookmaxer's end and beat
others. Hero his Judgment was wrong
again. His losses in laying odds amounted
to $4,000, and that was abandoned.