The Lamar register., 1893-06-03
oAAk.Es sos reR fAlls.
fhe sr-se,rrtary OF this Treasury Com
P.liee to ,Irke AN Aa.l-pm.,t


Pshse to ,Irke Hn Aaslzum.nt
The Hon. Charles Foster, who was s.eretarT
OF the treasury under President Harrison.
made an assignment for the benefit of his
creditors on the 25,h- 1t Is not yet known
what his liabilities are, bat they will probably
reach s.oO,to0. His assets, though much
more thaa that amount, shrink go
much In the irocess Of realizing upon them
that they VII not more ,han meet the liabilt-
ties, Mr. fdster has been the leadia, bust
nezs man OF fss home, Fo.toria, Ohio, and Is
Identified via u number Of business enter
prises.
The bank OF Foster C Co, the wholesale
srooers' Davis & Poster, have also assigned.
The Affairs Q, the Mambourg Glass Com
pany, crosker t;lass Company, Caieined Glass
Company and he Brass and Iron Works Com
pany and the fsetoris Light and Poser Com
pany arc 90 Involved, the governor being A
heavy indorser q their paper. that these in,ti-
tatlous VIII be Paced IN the hand, Of an AZ
si-nee.
The bank OF Poster & Co. carried teyeral
hundred thousaui dollars in deposits. having
the accounts OF a majority OF the bu,.rc.s
men OF fosturia. The bank negotiated The
loans for the Bras, aud Iron Work. and rhr
trorSer, Aaulboi ~ x Calclued WIpIoN
Class houses To 90 this the bznk had u .iys
ia o"n lndorsenett, AMI "a -as this fact tnaf
eAased the crssh- The great s,riBseBcy OF
The money market compeils! all bank. hold
.is 'he governor hapcr 70 Ak payments and.
having 80 much p Der out, hsSwa, no, able 10
carr the load
According To kXier's statement, be
discovered the ext "A ~AIea he had Iu-
donsd Immediately % t4rn frou Official
HE A. Washington, FIN erisis vas almost
prce'pitated at that ie ;t6ut be suecreded In
getiinE $4,000 OF b frirnd, Dan Harkness
OF beilVne, giYiag foi,he same a dsol for the
'ro Foster bloeks Nud his ls,osk ID the Gun
ninShAm siAve and R,rrcl fActsrie. hi, NJ
Iiri caused the Cover kr to hgpe b. could puu
thgogEh, lHs The COO sue,l i.ioa-y ,triprspev
compelled him TO m ulor' paF,r a, It ma
tufcd' uHiil hually II paw % hopi q relief,
sad geperal ssslgua 1t "a. tls oilv course
lefL
The failure Of Mr. II ter Il aost drplora-
ble; H Is more 50. u Is greai eAlsuity. H.
failure {, due TO his eli !, 20 ha.,A an Fo,-
ioria II rss he sole EHbllioa y sec b.. oar
toun prosper There ~as no cu.erpsisc he
VS. not reads 70 eneourzsc, 10 r!gEen be was
sos ready to help. II saf hls blg seaerogs
heart iha, pulled him do In. Thosc Who viii
lore ~ill not have a slnsie unkInd word 10 -sy
~ hias He has Efvcn up ieyerytIias without
F,-erva, Hls miIiioas Of srisad, ull NOS de-
,eri hirY In HI. distress, tiuians Who bop.
he Wlii bear rr nasfuliT utier tse erashiuS
blows He has zciri halOrably aud stlll
commando the pro'ogui Il cspeet u every
citizen. H
In sp~s4f.rs-h- h ,Ir. Foster said /:
words anno; sIprrss ihs idesp di,:s-s, ADD
hunLliEion iCri II ] eltaid bar all lhc
hsrtu- that my failure vii tHialI, shoald
lfri sense of relief Il is e8a.olzIioa 70
,o-5s back over bana-ss u ic Of ior,y-ire
ear. that has gained for aic a petition o.;
confidence tha; las rarely hcrl \ achieved. 10
ka1E that have aided Aunar L., Of pculie %
maintain AZ hcuSrzhic sizndlalg and To gain
competency aud sonl- 4 ztse degree of
wealth kn1~ that nos bal te by M fall
urc lalurc1 mzEy people, bal | bope none arc
10 be rulsed
1T Is oaiy jEss to my-ef ihs5 tEo ihluE,
hare caused ny do-afsii nae\ ~as neglect
ef business caused by my ,ievoi; j. 10 politics,
aud the other to an oseEreslols desire 70
build up Eo.iork doa't knoal that At NY
tinic Of lie I ought 10 Indulge !n the hope Of
beiu. ale TO repair ny fortune pad pay my
,sebis; thai shall try Ill br tb1one end t1r
Iskieh -hsu live. In lhl, hour uaspeaka-
We disire.. oaly crave The grnfroas lud.-
hen; OF lbe pubiieA public that uill be
sreply shocked over the haauclAi ioWnfal Of
lynaa .ha has eaioyed saeir eoRa lleaccs 70 4
tnzFkshlc degre-. The sggrrgai- amount
Z the liabilities, ineludinS baBk DEPOSITS, ny
| ia!v.drAl debts. the three glass epmpAnlss,
\. bras ard Iron sorks e0mpInyl the ligAg
81, posrr company. vii bc sbOgi 900 90.
/ III asseis oa paper ~ili more than cover The
| HIiluss We have secured The school fund
I aAihe buildlas and loan association funds
| 49, lu.. .