The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-08-31
RISE and Fall
oF Mr.. ANDREWS
Detroit'S Napoleon of Finance
and His Story.
POOR TEN YEARS AGO
Confident to the Last That He
Could Settle.
POOR TEN YEARS AGO

- -
Andrews twelve years ago came from a
farm in Macomb county. Mich. to De-
troit He was nineteen years old. He
had common school education. 81 and
the audacity Of a Napoleon.
Today. Frank c. Andrews. aged thirty
one. is in jan with sentence Of fifteen
years imprisonment IN the Jackson peni-
Tertiary hanging over him while his at
torneys are preparing 70 exhaust every
legal resource 70 procure for him a new
trial.
In the twelve years since he came here
he has made Sz.0010ao for himself and
lost IL, has wrecked a state savings
hank and forced a national bank our or
business I'd has scattered a matter Of
$662 aoo n worthless certified checks
around Grswold street in the way o.
souvenirs Of his achievements
All this was accomplished without as
sistance. Both as millionaire and as
g bank wrecker Andrews was self-made.
When Andrews came 10 Detroit he
found employment II a real estate Office
one Of the members OF the firm was
afterward sent 10 the penitentiary. An
crews. after three or four months with
The firm. applied for position with 8Ir
Homer Warren, q leading real estate
dealer and a very popular young man.
Mr. Warren had heard Of the young
clerk a. possessing great energy. ana
vas willing TO give hin trial He
asked Andrews what salary he wanted
Andrews said that while ne wished 10
avoid appearing grasptag he thought he
ought % have 81 a month
4 j DO better than that" replied Nj.
Warren-"In give you so a month. but
don want you 70 work for any other
firm on the outside"
During the year Andrews received his
salary Of $50 and made & GO for himself
f. private deals. Next year he became
member of the firm Of Homer Warren
& Co, and his financial career had be-
gun.
For the next six or eight years he was
known merely as clever and success I
ful real estate dealer. He had no bad
habits He was al the Office at 6 o'clock /
II the morning and went to bed at 3 +
O'CLOCK every night During the day he +
worked Ike q steam engine
Real estate could hardly be called live I
y in Detroit in those years. but An
drews made money saved il. invested I
Sc and laid the foundation Tor a fortune. f
He had married the country sweet (
heart Of his youthful days and was /
living in an unpretentious house in an 4
unpretenuous part u the city
The bacillus Of copper speculation came I
% Detroit in 1885 and attacked the CITY
viciously. Men who know nothing about I
the subject 0I copper spent their morn (
ings watching the quotations and tho
rest OF the day in exploiting their gifts
OF prophecy- The heavy demand FOR cop
Per IN electrical equipment had enabled
upper peninsula mines that were c0nsid-
cred little better Khan worthless TO earn
money The well established mines were
paving big dividends ard even hole in
The ground with an empty vinegar barrsi
vas worth good deal on paper. II could
Be capitalized and the stock sold Nearly
everybody in Detroit who had httIe
money sDeculated in copper
Andrews was among them. and the
game was profitable Within austher
year he was more shan a clever real
estate broker Griswood street looked
Uroa him rs brilliant young sneculator
and his judgment was respected by men
old enough 70 De his grandfather His
hahits were SIN sood. his reputation
nawless
II was in the winte- of Isoo-laN that
Andrews became puaic parsonage He
had won the confidence Of Henry Steph-
ems. q millionaire lgmbcrnan and fnan-
cier. and 81 was understood h. had the
STEPHEN raiiioas back II him His per
sonaI operations had some TAR beyond zeal
estate and COPPER.
He was director and first -rresi-
dealt II the city Savings Bank. one Of .
the minor Institutions NJ C-isvold street
Re was exploiting sod mines and eIee-
tric railways and making big deals in real :
estate.
Everything Re touched welded profit
VIII che al5 u the STEPHENS financial
Prestige Andrews assisted in The or
saniza-io2 u the Detroit Trust COM
pa7y 1t rhe reorganization Of The Pres {
ton Nat0nai Bank. Before the young
T1sn finished - had shaken Up Grgswol5 S
street extensively
Aea vaa had stldlously igaored him s
fou1d ~ could nor De ignored some
times when they came 10 make peace
WIKI him they f111d that the terms Q
we're Illuminating bur they surrendered 3
sna swallowed th=i- pride
n STATE Legislature was IN session IN z
the vll-er Of 1881 and Andrews sud q
oeniy appeared il the SKY as politics. g
meteor Many years before he had sold Z
s let to 7. ~ Il Norelaad member 8
q the Board q Public wo-ds and CUT q
tnis transaction grew warn, FRIENDSHIP. s.