would emerge as a candidate, Harrison's managers arranged for McKinley to be permanent chairman of the convention in Minneapolis, requiring him to play a public, neutral role. Hanna established an unofficial McKinley headquarters near the convention hall, though no active effort was made to convert delegates to McKinley's cause. McKinley objected to delegate votes being cast for him; nevertheless he finished second, behind the renominated Harrison, but ahead of Blaine, who had sent word he did not want to be considered. Although McKinley campaigned loyally for the Republican ticket, Harrison was defeated by former President Cleveland in the November election. In the wake of Cleveland's victory, McKinley was seen by some as the likely Republican candidate in 1896. Soon after Cleveland's return to office, hard times struck the nation with the Panic of 1893. A businessman in Youngstown, Robert Walker, had lent money to McKinley in their younger days; in gratitude, McKinley had often guaranteed Walker's borrowings for his business. The governor had never kept track of what he was signing; he believed Walker a sound businessman. In fact, Walker had deceived McKinley, telling him that new notes were actually renewals of matured ones. Walker was ruined by the recession; McKinley was called upon for repayment in February 1893. The total owed was over $100,000 (equivalent to $ million in ) and a despairing McKinley initially proposed to resign as governor and earn the money as an attorney. Instead, McKinley's wealthy supporters, including Hanna and Chicago publisher H. H. Kohlsaat, became trustees of a fund from which the notes would be paid. Both William and Ida McKinley placed their property in the hands of the fund's trustees (who included Hanna and Kohlsaat), and the supporters raised and contributed a substantial sum of money. All of the couple's property was returned to them by the end of 1893, and when McKinley, who had promised eventual repayment, asked for the list of contributors, it was refused him. Many people who had suffered in the hard times sympathized with McKinley, whose popularity grew. He was easily re-elected in November 1893, receiving the largest percentage of the vote of any Ohio governor since the Civil War. McKinley campaigned widely for Republicans in the 1894 midterm congressional elections; many party candidates in districts where he spoke were successful. His political efforts in Ohio were rewarded with the election in November 1895 of a Republican successor