Los Angeles herald., 1906-09-04
BANKER NOW
In CUSTODY
Continued from page one.

Continued from paEe one.
he had left 1t for a trip to the east
coast of Africa. 1t was ascertained
that he had deposited $4,000 in a bank
of Tangier, and believing that he would
soon return the two decided to await
him there A dispatch printed in the
regular edition Of the Tribune this
morning declared that the arrest of
Stensland would be only a matter of
hours and four hours later a special
edition was issued declaring that the
fugitive had been taken into custody.
Goes Under Name of Olsen
During the period intervening be-
tween his flight and his arrest Stems
land has been going under the name of
P. Olsen of Norway. 1t was learned
before his arrest that he had figured
on spending the month of october in
going to London as he had ordered all
his mail sent to the Metropole hotel in
that city from Tangier.
A reward of $4,000 had been offered for
the arrest of Stensland and since his
departure from Chicago many detec-
tives had been on the hunt for him.
Henry w. Herring. formerly cashier
of the Milwaukee Avenue State bank,
learned early in the day of the arrest
of Stensland and expressed his pleas
ure. He said he was surprised that
Stensland had been taken, although
expressing his belief that the man
would have committed suicide before
permitting himself to ne captured.
He also declared that when the trial
of Stensland came off it would show
that he, Herring, had been dupe of
Stensland and had suffered through his
financial manipulations.
Herring further said that Stensland
had never said anything ito him to in
dicate that he intended to go abroad,
but that instead that he was going to
the northern part of this country and
would return In a short time.
Does Not Know Woman
IT do not know" said Herring "who
the woman could have been who is said
to have given the information which
led to the arrest, Stensland had many
personal callers, but I never knew
whether they called on personal af-
fairs or on business"
At the office of the states attorney
all information regarding the name
of the woman who had indirectly
caused the arrest was refused. 1t was
announced that Assistant States At
torney Olsen had, since embarking on
the pursuit of StenSland, posed as the
son of "Olsen," the name used by
Stensland, declaring that he was anx-
ious to overtake his father" who was
travelling ahead Of him. AS Stensland
apparently made no effort to conceal
his trail the following was not diff
cult.
Later particulars of the arrest of
Stensland were received. He was taken
into custody while in the British post
office in Tangier. He had alighted but
a short time before from the steamer
Gutenberg and came to the postoff1ce
to direct the forwarding of his mail
under the name of Paul Olsen to the
Morgador, four hundred miles south
west of Tangier. AS he entered the
postoffce he was recognized by Assist
ant States Attorney Olsen, who at
once placed him under arrest.
Just before noon States Attorney
Healy received the following message
from Assistant States Attorney Olsen
in Tangier:
what is delay state department? :?
Imperative that they cable instructions
Immediately through minister at Tan
gier."
Assistant States Attorney Barbour
at once called up Governor Dineen at
the telephone and the governor direct
ed that extradition papers should be
prepared at once, promising to forward
them at once to Washington. Mr.. Bar
bour then sent the following message
to the state department at Washington,
singing the name of States Attorney
Healy:
Notify Mr.. Gummere at Tangier to
hold Paul o. Stensland. fugitive Chi
cago banker, wanted for forgery and
embezzlement. My assistant, Harry
Olsen, cabled your immediate instruc-
tons to minister are imperative"
History of Bank Failure
The closing of the doors of the Mil
waukee State bank, which occurred on
August 6. caused more anguish and
trouble than any similar event in the
west in many years. 1T was followed
by several cases of suicide and num-
ber of people were driven to insanity.
Stensland lived a fast life, spent
money recklessly. speeulated wildly
and in one way or another made away
with about 81, 900, 900 of the banks
money before the crash came. More
than $4,000 families had money de-
posted In the bank and the failure
came as crushing blow to the major
| ity of depostors who were wage earn
] 6IS. anu the lnOucy lity huu III ING
bank represented all that they had
been able to save from the earnings
of years.
! At the time of the failure of the bank
the deposits aggregated S4,100,000 The
receiver has paid 20 per cent to the
savings depostors and further pay
ments will be made in a short time
The news Of the arrest OF Stensland
was received In the section of the city
| L.. ta hon iSsl faA xuftI,
excitement A long line Of depositors
was in front Of the bank waiting for
their money when the announcement
was made and IL was greeted with
cheers, groans and threats.
Today being holiday and all courts
being closed it was difficult for the
states attorney to find Judge TO sigr
the extradition papers. Judge Pond
was finally located and when informed
OF the importance OF the case promised
to start for Chicago Immediately.
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