The Yale expositor., 1902-02-28
FROM ALL OVER MICHIGAN.
Cashier Andrews Brought Into
Court.
HEARING SET FOR FEBRUARY 20
There seems To be NO Escape for the Bank
Wr~eker Bank Commissioners state
ment shows well for Depositors Things
said aud Done la the state.

The ease OK Frank e. Andrews. now
In inil for alleged luotlng cot the De
troit city Savings Bank, assumes new
phases daily. Thursday statement
ISSUED by Bank commissioner MaltI
indicates shat dcroslturs may get 60
per cent ou their claims u the certified
checks 90 the amount OF Su2i2,uoo are
lcit out. Mr. NlnliZ also said: "On the
Sunday night before the closing of th'
hank. / told Andrews. lnu say you
can't tell what has become Of the 81
$4,000 or more uf cash or securities
that you seem 10 have gotten hold ol
this week. That is strange, when you
could remember a small note that you
held against another man
Why" continued the commissioners,
Ill looks simply impossible that IN
drcws could have lost all Of this
money. lie made S>luuo1 out 90 tn
sale OF electric lines to the Detroit
United. For the purchase of the roads
between here and Flint. In which IN
drcws was Interested. the Detroit INT
ted has ISSUED Si.OoD.UD 0t bonds Sc
cured by the earnings of the Detroit
ultcd. These bonds are ~ good "a
gold aud most OF them have been sold.
The biggest share of this money went
to Andrews. and his profits are cStlma'
ted at $Sun.OOu. I'm the last few days
of his career he ovtrtlrcw by about
SiOO.UOO aud ISSUED SGG2UD Of ccrti'
ncl checks. There II another million
There Is another ease where he
picked up $luuODo. making the total
OF cash or resources at his command
nearly S2.OODUOO. IL Is simply out OF
the question that he could have lost
all OF this money. He has sent word
that he might he able to straightcn
things ~ II released That I'm itself
Is an Indication that lee still has re-
sources
~ shown 10y the complaint. over
drafts secured and unsecured. were
reported un Feb. :. 1901. Go be- S9SI.5S.
while the books SHOW that they
amounted 60 the sum of Si9SaSI.1S.
With three criminal warrants star
ring Frank c. Andrews In the face the
end has not yet been reached. Prose
cutting Attorney Hum stated that he
expected 10 bring additional complaints
against the bank wrccLcr. lie also In.
timatcd that others who had partici-
patcd Ia the financial rryel would soon
wake up with call 10 the police court.
we expect 10 dig out everything
crooked said Prosecutor Hunt. with
his most pugnaciOus emphasis; "and
hammer 20 into complaints We have
uncIrthed some very queer business up
10 the present time and haven't reached
the bottom yet. You can rest assured
that anyone who had a finger In that
pie VIII have to answer for IL In court
II u is In the power Of this office 10
bring him there.
Us far ~ Mr. Andrews Is concerned
we intend tu confront him with all the
cvidcnc" of guilt thar appears How
ever the complaints will nll be- punched
and there Will bc but one examination. %
Cashier Henry r. Andrews. OF the
wrecked City Savings bank. was
brought down 10 the Police Court Mon.
day Tor arruigumcnt un the two
charges of violation 81 the banking
laws pending against him. on the
first charge Of false ccrtihcation of ono
of Frank &. Andrews checks. Justice
Whclan simply placed the prisoner on
his personal rcCugnlZancc Of $1,000. IL
~ virtually understood that this charg'
against both the Andrews will bc
dropped. uud that their prosecution
Will b" upon the later one of lootln- "A
bank. FOR which there IS q penalty OF
20 years Imprisonment BAN lu the
sum or S2u.Oh WIS given for the ca,h-
icr's appearance. The fixing of Feb.
ru"ry y aS the date ur examination H.
merely u temporary arrangement. ns
neither the defense nor the prosecution
Will Ice ready 10y that time.