Show CHECKS MAYBE MAY I BE ILLEGAL If f They hey Are Detroit Sav Sav-i t. t Bank May flay Be Be Jv Saved I DetroIt Mich m Feb 11 A A receiver will be be appointed by by Judge Donovan tomorrow morning for the wrecked City Savings bank At a hearing this aft afternoon at the Chancery court on the appointment of a n. receiver the county officers and the the local Board of Education Education Education tion opposed the appointment of the Uni Union n Trust company of this this' city i which was th the choice of Banking Commissioner Commissioner Com Corn missioner Maltz and the Attorn Gen Attorney Gen y-Gen- eral I The chief officers officers a and ard d the Board Doard of Education maintained that some of th thom the om officers ers of the Union Trust company were interested in the tie banks which hold the worth of certified chec checks s drawn by Frank G. G Andrews former vice-president vice of the City Savings Saving bank tank and Cont contended that a receiver should be pe appointed who was entirely I J They advocated the appoint appoint- nent of John M. M Nichol of this city After Aftel hearing the arguments Judge Judg I. I Donovan reserved his decision until to tomorrow tomorrow to- to morrow morning Cashier H. H R. R Andrews who is is seriously ill II with nervous prostration and heart peart trouble improved greatly to tod to- to d day The he mot most vital que question to the depositors de depositors depositors de- de de- de of the wreck wrecked d. d City Savings bank is whether the checks which Cashier H. H A A. A Andrews Andreas certified for F F. Ci C CAndrews Andr Andrews ws when hen he had no funds In the bank amounting to and which the latter Itter deposited among four other local banks and a n trust company company com corn pany are legal If It they are held to be Illegal because of Cashier Andrews having having haying hav hay ing certified to them without the knowledge knowledge knowledge knowl knowl- edge of the he directors it is thought that the assets of the City Savings bank with wha what has been turned to it by F. F C Andrews will be sufficient t to pay depositors in full On the contrary contrary con con- if they are are held to be legal I it will take just that amount from the depositors President ent F. F C. C Pingree said today that he he- believed that the checks would be decided Illegal and that the depositors would receive at t least 75 per cent on the dollar In the statement prepared yesterday of the banks bank's condition those thoe certified checks were were Ignored v ANDREWS ANDREWS INTERVIEWED F. F C. C Andrews was interviewed this afternoon for the first time since the bank closed its doors I have not pot a ap p I I am ani ruined said he ButI But ButI I dont don't worry ab about ut myself All AU that is ison ison ison on my my mind is to save same the others Involved involved involved in In- in this crash There h has s been any amo amount nt of lies and statements mis-statements made about this matter They Thy say saYI I I d don't dont nt know v where the collaterals went vent to If It they woul would i only be less frenzied and resume their Ordinary calmness I 1 could explain the Whole yole situation in less than three minutes NOT ALL TAKEN AT ONCE I did not pot take the certified checks cheeks all In one coo day but successively I went to the ban banks J and exchanged them for the collaterals but in most instances they had hag been be n sold either r through Cameron St Co brok brokers rs r State Savings bank The money money I got was waa used to pay drafts arid and obligations I at other banks There are records of I ev every ry transaction and all the collateral can be satisfactorily explained I AS TO HARRY ANDREWS As far- far faras as as as- asHarry IH Harry y Andrews Andre is is' is iscon concerned concerned con coo i there is i's is' is nothing especially wrong about it itHe He can take a mans man's note for i If he supposes supposed th the rn mak maker ri ker k- k er to be good cant can't he And If the maker turns turns' turns out out worthless he has only a piece of paper to show for It hasn't he 1 r had plenty of of collator collator- als at the time Its It's only a case of over Th That t is all it Amounts amoun ts to If they wo would ld t only ive mb mea me I change chance and let me pull out everybody would get his money I have got lots of f eq equities nd a arid d other things that I have not Burned turned over t to them yet but will do so so as soon as they will listen to me I have made lI the money for the bank now Why dont don't they let me me get them out of the hole That railroad concession alone is sufficient to pay pay every very cent the tho City Savings Savings bank bank owes owes I A AMALGAMATED AMALGAMATED r CAUSED TROUBLE TROU- TROU 5 V BLE n BLE E My troubles began began with ith the drop in land Amalgamated land accumulated as the market w down These proceedings c criminal proceedings are aie lre all allright allright allright right but I 1 the fellows think they can get their money by putting me behind behind behind be be- hind the bars for years where I can get a rest I-am I satisfied Have I any out outside d debts L dont owe a penny in Kansas City Chicago or any other place except some money money mon mon- ey on stock In Utah mines The people need not worry about the Uhe public funds which were in the I bank They will wUl all an be although al al- al although although though it will per naps br ak the di directors directors directors di- di rectors who will wll have haye to to make good the deficiency I |