President McKinley's Birthday Anniversary

January 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 month.

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 per month.

6) McKinley attended Albany Law School after the war and obtained a law degree.

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 Gullen)

Other famous people
Andrew Carnegie  
Barack Obama   Bill Cosby   Bill Clinton   Dick Van Dyke  
Elvis Presley   Jerry Seinfeld   Larry King   Lucille Ball   Harrison Ford  
Harry Truman
Henry Heinz   Ozzy Osbourne  
Ulysses Grant   William McKinley

More stories: Duncan Hines   George Washington   Thomas Jefferson   Benjamin Franklin   James Garfield   Harry Truman   Alexander Hamilton

 
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