President McKinley's Birthday Anniversary
29 is the anniversary of President William McKinley’s birthday.
In celebration of President William McKinley’s birthdate (born January 29,
1843), The Quarter Roll Financial Entertainment Magazine has posted the
top 10 things you may not have known about William McKinley and his
history with personal finance. William McKinley’s career started at $13.00
per month and ended with him earning over $4,100.00 per month.
1) In early 1861 McKinley could no longer afford his studies at Allegheny
College. He left to work as a teacher and earned $25.00 per month.
2) In June 1861 McKinley enlisted as a private in the Union army and was
paid $13.00 per month.
3) McKinley was promoted to commissary sergeant, which paid $17.00 per
4) Impressed with McKinley’s performance in battle, General Rutherford B
Hayes promoted him to lieutenant, which paid $105.00 per month. (The pay
discrepancy between the officers and enlisted men was dramatic.)
5) McKinley was promoted to captain by an order signed by President
Abraham Lincoln as a result of his bravery. He would now earning $169.00
6) McKinley attended Albany Law School after the war and obtained a law
7) From 1869 to 1871 he was making $1,000.00 per year as a prosecuting
attorney in Canton, Ohio.
8) At the age of 34 in 1877 he was elected to Congress and was paid
$5,000.00 per year.
9 In 1892 he was elected Governor of Ohio, where his salary was increased
to $8,000.00 per year.
10) In 1897 he was elected President of the United States and was paid a
salary of $50,000.00 a year. He continued to earn $50,000.00 per year
until his second term was ended by assassination.
Lessons in frugality: flower bouquets at the deepest discounts.
Frugality was a trait he learned from his mother. Her frugality
showed at McKinley’s inauguration when she put together a bouquet of
roses to bring to the celebration created from the flowers left on
tables in the dining car of the train she was traveling on.
(Faith of our mothers: the stories of presidential mother, Harold
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