Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-08
STeNSlAN0 ENGAGED IN
WILDCAT" REAL ESTATING.

Chicago. Aug N-"Wildoat" real estst.
tiusnciering by Paul O steutsud I'm his
Irving Park subdivision will be disclosed
u was predicted TODAY. a. soon as ! r.
PETER receiver for the wrecked Mi'Vau.
sco Ave state bank checks up 900 th.
mortgages and notes given Dog hundreds
OF investors Who hung On 90 tho bubble"
let loose hy Tie missing bank president
4 slump in valuation al this time which
h feared will come could cause much
suUetlng ana loss tu owners. lf has been
learned ihat loans have been made ou
houses in that subdivision up Co within
~ pet cent u their top notch value Tn
cash came from the savings II dcposlt0I-
of the suspended bank Scores OF houses
were constructed iu the subdivision
which were declared ~ the time 10 be
too expensive for the character OF the
section Loan houses were told % ihs
time that N they 40 not care % continue
the security Paul Stenlsand stood ready
10 furnish th" money and allow Interest
Today voe-begone crowd of deposition
continued 10 crowd around the bank As
on previous days tho unf0rtunstcs. mostly
working people. came early and seemed
determined 70 rpmain indefinitely. TOlice
we're on hand 70 rcpreSs any tendency g..
ward disorder.
According to charles sommerkamp tho
caretaker Of the Steusland home. presi-
dent Siensland was AT home ln Irving
PARK between midnight last SATURDAY. and
a m sunday Sommcr kamp stated No
s.tlvoN that the missing bank presIdeu.
was iu ihe house SATURDAY uight With
several myn and that when h. lrf' hs
ioqk WIN him small steamer trunk ana
leather suit case
Conclusive evidence has been unearthea
BY state Bank Examiner e. e.. Jones that
Paul q. Stcuslsnd, the fugitive ure.ldert
nf The Milwaukee Avenue state hank
has been guilty o. highly criminal acts IN
'guuucuhE me business n the institution
~ which h. Is The precedent This was M.
hcially announced by Mr Jones TODAY A.
M same time cuipahilitv for tho rrifres
which have brought the farroachfnr dis
asier on fhe northwest side rs NARROWING.
more and more ~ President Stenslanf
htntN W. Herring. The missing cashier
who WAS declared 10 be- On cmhezzior ~
large sums ~ money Is being in a meas.
ure eNOnerated because of me larl ~
direct proof against him
When sworn out the warrant for
AR stensland YESTERDAY" said Mr. Iores
ioaa( was perfectly assured Of tho
criminal nature ~ the acts OF which tbc
banker has been guilty. Against Nh Usf
iing ] have no direct evidence / Gamma,
say as yet precisely how FAR tho frsnAs
operated by Stensland have been carried /
hut II II 90 great lengih-that is proved |
D, paper already brought 10 light"
NJ. Jones C0lfrmed that the fravAs /
amount 20 over t6naa
Detectives were sent 20 Michigan TODAY |
~ pursuit of Henry W. Herring Tho fgrE. /
I've cashier Who 4 said 10 have ~, /
here The police are said ~ have receiysg /
information last night that Herring had /
-rossed the lake when he left Ch7-scn i
and the officers vii follow This tran Je /
'eivef fctIer Ssi today he VAS helm
ling riEid investigation % ne Torres
notes N cooperation Nth Exawirer
Tones i vii be- three or -Four DAYS he
.sio, before he can SET an adequate idoa
eyed their signatures o. hive been fsvss5
would he required % furnish shsoi,,.
proof