Charles Foster
40th United States Secretary of the Treasury
In office
February 25, 1891 – March 6, 1893
PresidentBenjamin Harrison
Preceded byWilliam Windom
Succeeded byJohn G. Carlisle
35th Governor of Ohio
In office
January 12, 1880 – January 14, 1884
LieutenantAndrew Hickenlooper
Preceded byRichard M. Bishop
Succeeded byGeorge Hoadly
Member of the U.S. House of Representatives
from Ohio
In office
March 4, 1871 – March 3, 1879
Preceded byEdward F. Dickinson
Succeeded byThomas Ewing Jr.
Constituency9th district (1871-1873)
10th district (1873-1879)
Personal details
Born
Charles William Foster Jr.

(1828-04-12)April 12, 1828
Tiffin, Ohio, U.S.
DiedJanuary 9, 1904(1904-01-09) (aged 75)
Springfield, Ohio, U.S.
Political partyRepublican
SpouseAnn Olmstead
Children2
Signature

Charles William Foster Jr. (April 12, 1828 – January 9, 1904) was a U.S. Republican politician from Ohio. Foster was the 35th governor of Ohio, and later went on to serve as Secretary of the Treasury under Benjamin Harrison. From 1871 to 1879, he served four terms in the U.S. House of Representatives.

Biography

Bureau of Engraving and Printing portrait of Foster as Secretary of the Treasury.

Foster was born outside of Tiffin, Ohio, and grew up in the western Seneca County boomtown of Rome. This town would merge in 1854 with the nearby town of Risdon to form one city, named Fostoria in honor of Charles W. Foster Sr., his father.

Congress

He was elected to the United States House of Representatives in 1870, serving from 1871 to 1879. He was defeated for re-election in 1878.

Governor

He was elected to the governorship a year later, serving two two-year terms between 1880 and 1884.

Treasury Secretary

Foster was unsuccessful in a bid to return to the House in 1890, but was appointed by Benjamin Harrison a year later to become Secretary of the Treasury upon the death of William Windom. Foster served out the remainder of Harrison's term before retiring. From 1891 to 1893, future Postmaster General Robert Wynne served as his personal secretary.

During the transition, after Grover Cleveland won the presidential election, Harrison intimidated to the United States Congress that there was a pending economic crisis.[1] He also ignored the urging of individuals such as J.P. Morgan to take steps to reassure investors.[2] One of the first clear signs of financial crisis came on February 20, 1893, twelve days prior to Cleveland's inauguration, when receivers were appointed for the Philadelphia and Reading Railroad, which had greatly overextended itself.[3][4] Harrison and Foster did not take action, instead leaving the financial crisis at Cleveland's feet. Instead of addressing the economic crisis, Foster spent his final days as secretary posing for his official portrait. Republicans would ultimately go on to subsequently blame Cleveland for causing the economic downturn that he had, in actuality, inherited from the Republican Harrison.[5]

Family

Charles Foster was married November 7, 1853 to Ann M. Olmstead of Fremont, Ohio. They had two daughters, Jessie and Anna.[6]

Death

On January 8, 1904, aged 75, Foster planned to attend the inauguration of Governor Myron T. Herrick. He stopped overnight at the home of his old friend, General J. Warren Keifer, in Springfield, Ohio. He died at Keifer's home the next day.[7]

Notes

  1. ↑ Shafer, Ronald G. (December 28, 2020). "Trump 2024? Only one president has returned to power after losing reelection". Washington Post. Retrieved May 26, 2021.
  2. ↑ Millhiser, Ian (January 14, 2021). "Abolish the lame-duck period". Vox. Retrieved May 26, 2021.
  3. ↑ "IN RE RICE". Findlaw.
  4. ↑ James L. Holton, The Reading Railroad: History of a Coal Age Empire, Vol. I: The Nineteenth Century, pp. 323–325, citing Vincent Corasso, The Morgans.
  5. ↑ Onion, Rebecca (November 2, 2020). "What's the Worst a Vengeful Lame-Duck Administration Can Do?". Slate Magazine. Retrieved May 26, 2021.
  6. ↑ Seneca County 1902 : 184
  7. ↑ Foraker 1917 vol. 2 : 126

References

Wikimedia Commons has media related to Charles Foster.

"Foster, Charles" . Appletons' Cyclopædia of American Biography. 1900.

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