The Butler weekly times. (Butler, Mo.) 1881-1918, 1902-02-20
FARMERS BOY
TO MILLIONAIRE.
Career of Banker
Andrews of Detroit.
BEGAN WITH S.25 In CASH.
Now He Has Nothing and Owes
s662,Oo

Detroit, Mich, Feb. 12.-Frank C
Andrews-police commissioner, bank
er, amateur politician-man ofmany
schemes, who has ruined himself, hi.
bank and his friends, began business
in this city eleven years ago with
Sl.25. Now he has nothing and
owes his bank S662, 900 and is under
arrest. He was the banks vice pres.
ident.
Andrews literally Quilted the bank
day by day OF its cash. Whenever
he needed money he would draw q
check for the amount and have il GER
titled by Cashier II. r. Andrews.
He would present. this certified
check to the person with whom he
was doing business and ask him to
hold it out for that day, as the bank
was not in funds to meet it.
Perhaps he would thus hold check
out for two or three days, and event
ually, when there was money enough
in the bank to meet the check. he
would go in and take it out. There
would be only slip of paper in the
drawer and the withdrawal would be
put down as cash item.
With this money they would in
person pay the certified check and
tear it up. This was done time and
again,
sC0FFED AT BUSINESS METHODS.
Where this enormous amount OF
money has gone no one can state
definitely, Every one knows the gen.
eral direction-he has fed the specu-
lative market ms he bled it before his
luck turned, Thirty years old he has
the nerve of a man who has fought |
the tape and ticker for IA lifetime. He
made no secret of his methods-or
his mania, as people are calling it |
now. lie preached the gospel OF
taking chances, and laughed at the
plodder who saved. He scofied at |
safe investments and lauded the pos
sibilities OF the stock market.
He left the farm n few years ago
with 81 in his pocket, His liabilities
were S3.I5, SO he had a cash capital
OF Sl.25. just how he got enough |
to make his first plunge is not known
but soon he went into the maelstrom
OF the market. Copper, leather, su-
gar, steel-all were alike to him. He
bought and sold rapidly. His spe.
clalty seemed to be the art OF "quick
turning and fortune seemed to
guide his every operation.
NO man should work after he is
III, WAS Andrews motto, and he
gave striking example of trying so
to TX himself that hecould live I'D to
it,.
Words OF caution we're thrown
away. He was advised to put on
the brakes, but he only laughed and
said:
even if | am wrong | go through
with it for the experience.
Money making requires personal
fitness. After nature, give thanks
to your mother. | look on it as lido
other talents. The money faculty is
an instinct, the same as our other
instincts. do not see how u man
can possibly make fortune unless
he speculates. Don't you ever be-
lieve that by saving money a man
doubles his capital. He does it in
strikes and big punches.
LIFE TOO SHORT FOR THRIFT. l.
Human life is too short for the
slow processes OF thrift. | concede
that one gets small start by keep
ing part of his salary, but we are not
about business employees in
this connection, but commercial sue
cess in broad sense.
All my good fortune, so far as it
has come, has resulted in taking
chances. | have preferred to take
chances on large piece of real es-
tate rather than bushel of beans.
So have made more money than a
corner grocer, and yes, with all due
respect, | could net successfully man.
age a grocery store. Every man in
his own place is my rule. | find sue
cess in an indomitable faith in your
own proposition"
When Mr.. Andrews thus set at
naught all the rules Of prudence and
finance he was worth considerably
over 81 900, 900, with investments
which would have developed with I
handling into twice that ,