Omaha daily bee., 1902-02-12
ANDREWS SAYS He IS RUINED
Dsfauiting Banker Declares His Failure
Lsavss Him rsnlilsu.
ANXIOUS TO MAKE econ HIS OBJECTS
says ~ Given an Opportunity ne viii
Employ Agencies 90 FulIy
Reimburse Public
Funds.

DETROIT, Feb. 1.-THE most vital ,ques-
tion to the depositors Of the wrecked City
Savings bank Il whether the checks which
Cashier II. r., Andrews certified for r. 9.
Andrews when he bad no funds In the
bank. amounting to $751;. 900, and which the
latter deposited among four other local
banks and a trust company, are legal.
II they are held to be illegal because Of
Cashier Andrews having certified to them
without the knowledge Of the directors, 1t
Is thought that the assets OF the City Saw
ings bank, with what has been turned over
TO Il by F. G. Andrews, will be suficient
to pay depositors IL 'sll.
On the contrary, II .aey are held to be
legal, 1t will take Just that amount from
the deposltors. President F. @. Plngree
said today hat be believed the checks
would be decided illegal and that the de-
positors would receive at least T5 per cent
on the dollar. In the Statement prepared
yesterday Of the hanks condition these
certified checks were ignored.
F. G. Andrews has rot turned over to
the City bank any Of the securities he took
out Of the other banks with the over-certi-
fed checks and their whereabouts IL not
known. Nothing could be learned In re-
gard to them by the bankers who ques-
toned him yesterday There was not much
change early today IN the condition Of
Cashier H. r.. Andrews, who 10 seriously
III with nervous prostration.
Board of Education Affected.
At a special meeting today Of the Board
Of Education, which has on deposit in the
City Savings bank t4e7, 900, 1t was decided
to elect a new treasurer tomorrow night to
succeed Henry R. Andrews, who was cash
Ter Of the City bank.
The directors OF the wrecked bank we're
on Treasurer Andrews bond and the board
will proceed as soon as possible to collect
the banks Indebtedness to 1t from the
bondsmen. Arrangements were made to Sc
cure funds from the city treasury for cur
rent expenses. t..t sh
At the close Of q meeting this afternoon
between F. c.. Ptngree, Banking Commits
sioner Maltz, W. q. Millen and Attorney
Whiting It was announced that the Union
Trust company Of this city would be recon-
mended TO act az receiver for the CRY Saw
ings bank. This will be opposed by the
county officers, who want a receiver who is
not interested in any way In the Andrews
over-certined checks that are held by other
Detroit banks.
- AnhhG0
F. c. Andrews was interviewed this AFT
ernoon for the first time since the City
bank closed its doors. He said:
have not a penny. l am ruined, bui
L don't worry about myself. All that X
on my mind now Is to save the others In.
volved In this crash.
There have been any amount OF lies told
and, misstatements. made about this mat.
ter. They say don't know where the col
latersis went TOT II they would be onI,
calmness 1 could explain to them thu
whole situatonS'n less. ethan three min
L did not takesshe certified checks all IL
one day, but successfully. ! went to tn,
banks exchsnged them for the col.
aterals,,sbut IN most INSTANCES they hat
s Company orethe State SAVING bank.
The money got was used to pay drafti
memorands OF every, transaction and al
the coilaterals can be satisfactorily ex
planned.
Ekcuip6tes Cashier from Blame.
As far as Harry Andrews ia concerned
there is nothing especially wrong. He car
the maker rH TO be beI soo oSr o ami h " ne aS SSp r tS:
maker turns out worthless he only has I
piece Of paper 70 show for It. hasn't he?
only a case of over loans. That is ali 4
amounts to. If they only give me a chanc,
and let me pup out everybody. viii &c
andi other things tins I have not tnrnsC
over to them yet, bat will do so as soon Al
they will listen to me-. / have made al
the money for the bank, now why dom
they let me-. get them out Of the hoIe7
That railroad concession alone Is sum
Client to pay for every cent the City Saw
ngs bank owes.
My troubles began with the drop II
A~malgamated and accumulated as the mar
ket went down.
These criminal proceedings are all right
but IL the fellows think they can get thei
money by putting me behind the bars 10
q year, where Lean get a rest, / am salts
fed.
Have 1 any outside debts7 l don't ow,
a penny in Kansas City. Chicago. New
YORK or any other place, except som
The people need not worry about tn
public funds which were In the bank