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FOSTER'S WAIL. He Attempts to Lay the Blame on the Administration. CLEVELAND, May 28.-In response to a telegram sent him by an afternoon paper, Gov. Foster answered as follows: "Thanks for your offer of space. My present mental distress precludes acceptance of your kind offer to any extent. My failure simply illustrates the great folly of permitting oneself to be in debt beyond the reach of reasonably quick assets for relief when the hour of difficult borrowing comes. When people are in such condition, and the stability of exlisting financial conditions is shaken, the result is inability to borrow, suspension and failure. Business is largely done with borrowed money. Consideration of the maintenance of sound financial condition is essential to legitimate lending. That public confidence has for some time been shaken in the ability or capacity of the government to maintain gold payments is evident. The natural impulse of banks in such time is to strengthen themselves against some possible and unusual draft. Then comes inability to borrow, decline in prices, suspension and bankruptcy follow. The country is possessed of enormous resources, which are at the command of the goverament, and it should say and act in terms and ways that will satisfy the country without ambiguity or uncertainty that gold payments will be CHARLES FOSTER." maintained. FOSTORIA, O., May -There are no new developments in the Foster failure today, with the exception of the appointment of assignees for the Crocker, Calcined and Mamburg window glass houses and the brass and iron works. A. M. Fox has been appointed assignee of the glass factories, and Roger Alcott of the brass and iron works. It is impossible to learn the assets and liabilities of any of the concerns, as nothing will be given out until after the assignees finish their labors. The window glass houses closed down tonight and it is very likely they will remain closed, as the affairs of these concerns are in terrible shape. If the wholesale grocery of Davis & Foster is not pushed there is hope that they will pull through all right. J. B. Gormley, the asignee of Secretary Charles Foster, states that further investigation shows affairs to be in even worse shape than had been at first thought and that the liabilities would reach $800,000, and possibly $1,000,000, with the assets much less. TOLEDO, O., May 27.-The People's Bank of North Baltimore has closed its doors this morning. The announcement was made to the depositors that Cashier Waldo had gone to raise money to meet all liabilities, and that it would reopen. A tremendous run was started ou the First National bank, the only other bank in North Baltimore. but it is promptly paying all demands as fast as presented. NEW YORK, May 27.-Lazard Freres shipped two million and Arbuckle Bros,. $500,000 in gold on the steamship Trave, of the North Gorman Lloyd line, which sails for Bremen and Southampton today. The Trave also takes 160,000 ounces of silver and 75,000 Mexican dollars shipped by J. & W. Seligman & Co. and Zimmerman & Forshay. Another $1,000,000 in gold was shipped to Europe on the Cunarder Etruria. Lazard Freres have made arrangements for the shipment of $1,000,000 in gold early next week.
