A "Biographical Sketch," taken from the National Cyclopedia of American Biography, and modified by Andrew's sister, Helen Patch
Col. Andrew was one of the first Americans to take an active part in the World War. Going to France in December 1914, he secured from the French Army authorization for American volunteer ambulance units to serve with the French divisions at the front, and with American volunteers as drivers, and with cars purchased from American donations, he built up an organization known as the American Field Service, which, before any American troops had arrived in France, had thirty-four ambulance sections and twelve camion sections serving with the French troops in France and in the Balkans. This organization took part in every great battle in which French troops were engaged in 1915, 1916 and 1917, and with its personnel of more than 2,400 young Americans, formed the most considerable organized representation which the United States had on the battle front during the first three years of the war.
After the entry of the United States in the war, Col. Andrew turned over to the American Army the efficient organization which he had developed, and was commissioned Major, and subsequently Lieutenant-Colonel in that Army. His period of service with the French and American armies covered more than four and a half years. He was decorated by the French Army with the Croix de Guerre, and the Legion of Honor, and by the United States with the Distinguished Service Medal.
In the Autumn of 1921, Col. Andrew was elected to Congress to fill an unexpired vacancy from the Sixth Massachusetts District. To this position he was reelected the following year (1922) by a majority of 26,000...
Abram Piatt Andrew, Jr., economist, was born in La Porte, Ind., Feb.12, 1873, son of Abram Piatt and Helen Merrill Andrew. He is of Scotch, Irish, French, Dutch and English descent, although each of his ancestral lines settled in America in pre-Revolutionary times. He is descended from James Andrew, probably from Scotland, who was a resident of Raritan, N.J., in 1732, and whose wife was Catherine Livingston, and the line descends through their son John, who married Rachel Chamberlain; their son James, who married Catherine Piatt, and their son, Abram Piatt, who married Viola Armstrong and who was the grandfather of our subject. This Abram Piatt Andrew moved to Indiana in 1818, and for certain government contracting work was paid in land grants, the city of La Porte standing today as a monument to his foresight and constructive ability. His son, Abram Piatt Andrew, the father of the economist, was commander of the 21st Indiana battery in the Civil War, and is a man of wide influence.
His son was educated at the Lawrenceville (N. J.) school, at Princeton University (1893) and at Harvard University (1895-97), receiving the degree of A. M. and Ph.D. from the latter in 1900. He also studied at the universities of Halle, Berlin and Paris in 1898-99. In 1900 he was made instructor in the department of economics at Harvard University and three years later he became assistant professor of economics, a position he occupied until 1909. While at Harvard he served as assistant editor of the "Quarterly Journal of Economics." He was also for several years a member of the athletic committee, and was particularly active in the affairs of the Cercle Français, an organization devoted to the propagation of interest in French literature. Through this association he was honored in 1906 by the minister of public instruction in France with the title of "Officier d'Académie."
Mr. Andrew predicted the panic of 1907 in an article published in the New York "Journal of Commerce" on Jan. 1, 1907. In 1908, when the National Monetary Commission was organized to devise a plan of permanent relief from such financial collapses as had afflicted the United States during the preceding year, Mr. Andrew was engaged to assist the commission in its researches, and, having been granted two years' leave of absence from Harvard University, he visited London, Berlin, Paris and other important financial centers of Europe to collect information concerning foreign banking systems. Upon his return he edited the commission's publications, which comprise more than a score of volumes and constitute the most comprehensive library dealing with the world's banking that has ever been published. He also had a large share in framing the bill and report of the National Monetary Commission.
In August, 1909, Pres. Taft appointed him director of the mint, and during the year of his administration the organization of the several mints and assay offices was radically overhauled and the number of employees reduced by more than 530 from a total of 1,300, thereby accomplishing an annual saving of more than $320,000. In June of the following year he became first assistant secretary of the treasury, resigning in July, 1912.
Mr. Andrew's writings have covered many phases of financial questions. Among those which have attracted wide attention were his arraignment of the policies of Secretary Shaw in his "The Treasury and the Banks under Secretary Shaw" and his "The United States Treasury and the Money Market," issued at the time of the retirement of the former secretary of the treasury in 1907, both of which were pleas for an absolute divorce of the Treasury from "the Street." Several of his studies concern the currency questions of Oriental countries, notably "Currency Problems of the Last Decade in British India" in the "Quarterly Journal of Economics" for August 1901, and "The End of the Mexican Dollar" in the same journal in May, 1904. Other articles treat of different aspects of panics, such as "The Influence of the Crops upon Business," "Hoarding in the Panic of 1907" and "Substitutes for Cash in the Crisis of 1907," the latter describing more than 200 substitutes for money used at that time. He has contributed articles upon other economic subjects to the Yale Review, the North American Review, the Review of Reviews, etc.