Rensselaer Semi-Weekly Republican, Volume 22, Number 69, Rensselaer, Jasper County, 17 May 1901 — EX-SECRETARY FOSTER FAILS. [ARTICLE+ILLUSTRATION]

EX-SECRETARY FOSTER FAILS.

Petition Show* Liabilities to Be $747008 and Assets Nil. Charles Foster of Fostoria, Ohio, filed a petition in voluntary bankruptcy in the United States District Court in Toledo.

Mr. Foster has absolutely no assets and the schedule of debts is: Secured claims, $236,574.20; unsecured claims. $197,451.58; notes and bills which ought to be paid by other parties thereto, $142,608.42; accommodation paper, $170,374.14. grand total, $747,008.34.

Mr. Foster is perhaps one of the best known politicians in the United States. He has resided for years in Fostoria and the town was named in his honor. He has embarked quite extensively in business. and has lost much money in glass manufacturing ventures. Mr. Foster was elected to Congress in 1868 from the Tenth District. He served until 1878. and owing to the gerrymander of the district was beaten in a close contest, reducing the Democratic majority from 3,400 to something less than 1,200, Gen. Finley being elected. In 1879 he was elected Governor of Ohio and served in the gubernatorial capacity until 1880. Mr. Foster was appointed Secretary of the Treasury by President Harrison to fill the vacancy caused by the death of William Windom. He held the treasury portfolio to the end of Harrison’s administration.

CHARLES FOSTER.