The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-08-11
PAYING TELLER Of
BANK A SUICIDE
Frank KOwalski, of Defunct Chi.
cagO Institution, Shoots
Himself in His Home.
MIND WAS PROBABLY
WRECKED BY CRITICISM
Forged Notes of President
Stensland Stated to Exceed
Half-MilliOn Dollars.

CHICAGO, Aug. 10.-Frank Kowal-
ski, paying teller of tho Milwaukee
Avenue State bank, which failed last
Monday, and for some time assistant
receiving teller III addition to his other
duties, shot and killed himself tonight
Mt his home, $40 North Carpenter
street. Criticism by neighbors and life
long friends, who accused him of a
share in the downfall of the bank, is
believed to have driven Kowalski to
| his death,
Kowalski had complained bitterly of
the suspicious of his friends and do
clared that unless mis- character was
speedily cleared he would take his own
| Belief In Innocence.
| Kowalski' s relatives assert their frm
! belief that he was innocent of any
| knowledge Of the mismanagement Of
the bank by President Stensand. When
the bank failed, Kowalski had 500 of
his own money on deposit in the in
stitntion, and his immediate relatives
nearly $4,000. Had the teller known
OF Stensland' defalcntions, they as
se5t, he would at least have notified his
relatives and would have taken his own
money out of the institution.
The dead teller, who was thirty years
old, had been with the bank for thir-
teen years.
While the search for Paul o. Stems.
land, the missing president, is being ex-
tended to all parts of the country,
CASHIER Herring, who was arrested yes,
terday, spent today with the States
representatives and Bank Examiner
ones, In examining the banks collat-
eral, in an effort to determine how
much the president is short in his ac-
counts.
Half-Million in Forgeries.
After nm all~day search, forged notes
aggregating more than S500,00O were
round. and are now in the possession
OF the States attorney, who will use
them IN the prosecution OF the officials
responsible for their utterance. From
statements made today by Herring re-
banker to himself, and the shortages
found by previous Investigations, it is
asserted tonight that when a final nd
lustment Of the affairs Of the bank is
made 1T will be found that President
Stensland's defalcations will aggregate
nearly $2,O00,000
Assistant States Attorney Olsen
found what he termed Irregular for
gers nest" while going through the
books and papers of the Milwaukee
Avenue State bank with Cashier Her
ing and State Bank Examiner Jones to.
day. The ''nest' was composed of two
envelopes filed with notes and blank
forms.
Signatures Were Traced.
The blank forms contained signatures
which had been traced from the regular
depositors' signature book. According
TO Mr: Olsen, these were ready to be
hlled IN for any amount, which would
be charged to the account OF Che person
whose
envelope contained notes running up TO
thousands of dollars, with the names of
many prominent business men attached
The authorities will endeavor to dis
,oVer whether or not these names were
forged. The notes were found hidden
PRESIDENT Stensland's g private vault.
Francis S, Peabody and F. HerhoId
we're two of the men who went to the
onnk and, with Cashier Herring looking
N, gave absolute proof that two pieces
II the paper were forgeries Police
Inspector Shippy. who was present dur
ng tho investigation. said.
nIhe thing IS good deal worse than
had supposed. We have proved that
100000 worth of the paper are abso-
ute forgeries One note for $4,000,
'earlng the signature of +. s. Peabody.
,as examined by Mr.. Peabody, who de-
Jared 1t was not his signature.
Statement of Receiver
Receiver Fetzer made the following
tatement this afternoon:
'"There are Sl,500.000 worth Of mort
ages, the value of which we know
othlng about Considering the devel.
pments of the day IN regard to the
ther securities, 1t is doubtful if these
iortgages will prove good, -
In addition to the discovery Of a pri-
ate ledger, kept by President Paul O.
tensland Of the wrecked Milwaukee
venue State bank, and in which was
,ncealed q record Of Sl91, 900 of saw
lgs bank deposits another sensation
book came TO light during the ex
nination of Cashier Henry W Herring
Y Assistant State S Attorney Olsen at
&c bank last night. This book showed
;enslnnd in new role, indicating that
&c missing president, in company with
coterie of friends, was n heavy
unger on the races IL contained
Of the campaigns on the
rf One day Stensland and his COM
nious bet $4,000 to win 100000, on
horse called General Bragg.
The animal won, There were lots Of
sings, however. to Offset this big win
'FThis shows said Herring, as he
ought the book from its hiding place,
hat [ IA not the only fellow around
re who followed the ponies. /"
Do Not Trust Herring,
The authorities are chary of reposing
plicit confidence in Hering's state~
mt that he did not forge the names
that Stensland did.
The reason is this: For the last two
three years Stensland has not been
ysically perfect His nerves have
en- him lot Of trouble, and so poor
been his control of them that his