Читать книгу All in the Day's Work: An Autobiography онлайн

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Now Robert Walker was not a manufacturer; he was a farmer and a good one—a coal operator—the banker of the Village of Poland and the surrounding country, but it was not in Robert Walker’s nature to refuse to help the Major or his relatives in their ambitions, as he had already frequently proved. Indeed, at that time he was backing McKinley’s brother Abner in a business venture which was soon to fail with loss of all he had put in. But Robert Walker’s faith in McKinley’s wisdom was such that he could not conceive of failure in anything he advised.

The plant was started in 1890. There could not have been a more unlucky moment to launch a new industry. The long depression of the nineties was beginning. Iron and steel were already seriously affected. Money was tight. Robert Walker found himself almost at once forced to use the Major’s notes. He found only too soon that he had embarked on a hopeless undertaking, and in February of 1893 the works were closed.

Now at that moment Mark Hanna and his colleagues on the National Republican Committee were counting on William McKinley to win the Presidential election for them in 1896. The announcement that he was involved in the Walker failure to the tune of some one hundred thousand dollars, more than the combined fortune of himself and wife, was a cruel blow to their plan. McKinley was straightforward with them. He had signed the notes; he must give up politics, go back to the law, and pay his honest debts. But that could not be permitted. He was too important—one hundred thousand dollars was a small sum compared to what the Republican Committee expected from his election. The money was raised—not so quietly. It became necessary to explain how McKinley had become involved to this amount, and the explanation which McKinley’s political friends put out was that he was a victim of “a man named Walker,” as Mark Hanna’s able biographer, Herbert Croly, calls him—a man whom he had trusted, and who had deceived him as to the amount of money he was raising on his notes. That is, the Republican committee deliberately put on Robert Walker the stigma of fraud, presented him to the public as a man who had betrayed confidence, and William McKinley never denied their presentation.