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FOSTER FAILED. the Ex-Secretary of the Treasury Forced to Make an Assignment For His Creditors. His Suspension Carries With It Many Other Large Ohio Enterprises And Will Throw a Great Number Out of Employment-Too Public Spirited. FOSTORIA, O., May 27.-Ex-Secretary of the Treasury Charles W. Foster has startled the business world by making an assignment of his vast business interests for the benefit of his creditors. His assignee is J. B. Gormlee, a prominent banker of Bucyrus, and a warm friend of Mr. Foster. The liabilities are given out by Mr. Foster as being $600,000, and the assets about the same. He made the assignment during the were at night, and Mr. the Scott, papers his attorney. filed Tiffin by At an early hour the bank of Foster & Co. was closed on an attachment for $3,200 in favor of the Isaac Harter Milling company, and at the same time the wholesale grocery house of Davis & Foster was closed by an attachment for $1,200, in favor of O. T. Brown. The presence of the sheriff was the first inkling many people had that there was something wrong, and it soon leaked out that an assignment had been made. The news spread rapidly. and soon the streets were filled with people eager to learn the extent of the calamity that had befallen the city. Other Concerns Assign. The assignment of ex-Secretary Foster was the signal for the assignment of a number of concerns in which he was interested. The Brass and Iron works was one of the concerns to assign. Besides Mr. Foster, Mr. Portz was one of the owners of this concern. The liabilities and assets of this company are included with the personal statement of the secretary. The Mambourg, Calcined and Crocker Window Glass companies, three concerns that have been backed by Mr. Foster, will assign. The extent of the failure is so great that its significance can searcely be realized. A half dozen of the prominent industries will go to the wall and hundreds of people be thrown out of employment, The loss to business men who were depositors in Foster & Co.'s bank is one of the deplorable features of the crash, but it is confidently believed that none of them will suffer to an extent that will cause them to assign. A run was made on the Mechanic Savings bank as soon as its doors were opened, but with $8v,000 in currency piled upon the cashier's desk the demands of all frightened depositors were promptly met and none turned away. The loss to Fostoria is a great one and one that will require considerable time to recover from, but great as it is, the regret on its account in no way lessens the regret on Mr. Foster's account. Was Too Public Spirited. It is generally conceded that his unstinted generosity and phenomenal pub lic spirit have been the indirect causes of his financial downfall. as he was ever ready to lend a helping hand to the poor and worthy. The assignment of Davis & Foster, the wholesale grocers, will probably be the direct cause of the failure of a number of grocery concerns throughout the country. It is believed that the firm has $125,000 unpaid accounts and notes