The Montgomery advertiser., 1902-02-12
F. (. ANDREWS TALKS
SAYS HE HAS NOT A PENNY IN
 THE WORLD.
Declares That He is Not Worried by / His Own Condition, But Wants to Save the Others
 Involved.

Detroit, Mich, Feb. 1.-The most vital question to the depositors of the wrecked City Savings Bank is whether the checks which Cashier H. R. Andrews certified for F. C. Andrews when he had no funds In the bank. amounting ts $662p and E which the latter lepesi teN sxn.a tk { sfss- jlir other local banks and trust. conn pany are legal. If they are held to be illegal because of the Cashier Andrews having certified to them without the knowledge of the directors, 1t Is thought the assets of the City Savings Bank. with what has been tunred over to 1t by F. C. Andrews, will be sufficient to pay deoositors in full.
 On the contrary if they are to be held legal it will take just that amount from the depositors. President F. c. Ptngree said today that he believed the checks would be declared illegal and that the depositors would receive at least 75 cents on the dollar.
 In the statement prepared yesterday of the banks condition. these certificate checks were ignored.
 F. c. Andrews has not turned over to the City Bank any of the securities he took out of the other banks with the over-certified checks and their where abouts are not known. Nothing could be learned in regard to them by the bankers who questioned Dim yesteroay' There was not much change early to- day in the condition of Cashier H. K. Andrews. who Is seriously i'll with ner- vous prostration.
 At the close of meeting this after noon between President Pingree. Banking Ccmmissioner o Faltse, w. C. Milan and Attorney Whiting, it was announced that the Union Trust Company of this city wcpld be recommended to,act az recover for the City Savings Bank. This will be opposed by the County officers who want a receiver who is not interested in any way in Andrews over certified checks that are held by Detroit banks.
 F. C. Andrews was interviewed this afternoon for the first time since the City Bank closed its doors ,,
 "I have not a penny am ruined. said he. But I don't worry about my self. All that is on my mind is to save the others involved in this crash. .,
 ''I did not take the certified checks all in one day, but successively. l went to the banks and exchanged them for the collaterals but in most instances they had been sold.
 ''The money I got was used to pay There are Ihemoranda- of every transac- tion and all the collaterals can be satis- factorily explained If they will only take the trouble to listen to me.
 As far as Harry Andrews is concern ed, he can take mans note for $oUD if he supposes the maker to be good, can't he? And if the maker turns out worthless, he has only piece Of paper to show for 1t. hasn't he? ! had plenty of collaterals at the time. If they would only give me a chance and let me pull out everybody would get his money. have got lots of equities and other things that 1 have not turned over to them yet but will do so as soon as the+ will listen to me. .,
 These criminal proceedings are all right but if the fellows think they can get their money by putting me behind the bars for a year ! hero I can get d rest I am satisfied.
 "The people need not worry about the public funds which were in the bank. They will be restored although it will perhaps break the directors who will have to make good the deficiency"