The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1906-08-25
STARTS PAYMENTS
FROM DEFUNCT
BANK
IN CHICAGO YESTERDAY AND
HUNDREDS DREW OUT MONEY
LEFT BY STENSLANO.
FIVE THOUSAND IN LINE
hausted-Bank's Looter Said
to Be Near Arrest in Far
Away India.

Away India.
Chicago. Aug 24.-Receiyer Fetze
began the payment of the first div
dend to the depositors of the Milwau
kee Avenue State bank this morning
! This Is the earliest payment ever al
tempted in the case of defunct banl
and the preparations for the bi;
crowd kept the employees Of the re
ceiyer at work hours after the time
for closing last night.
Messengers from the Fort near
born National Bank arrived at the Nil
waukee Avenue bank yesterday witt
100000 in currency. The money was
placed in the empty vault and two
tellers today at O'Clock began the
payment. Seven notaries employed
to prepare affidavts for the deposit1rs
four of them being men who speak for
oign languages. Ten bookkeepe"s. at
five windows, were kept busy receiv
ing the claims An extra police De
tail of 100 men was on duty al The
bank
At the request Of the police off
cials the receiver limited the number
of notices that were sent out - 5000
for each day That number will get
notices IN time for this morning and a
s milar number will follow each day
until the entire payment is made
The first payment was made yes.
to-day afternoon to a sick woman who
had received a notice but who was
aot able to come, today for her money.
Alderman Beilfiiss brought her TO the
hank and the receiver ordered that
payment be made
Another Forgery Found
Another forgery was unearthed yes
ierday when q small note signed by
johnson a, Hunt came to light Hunt.
the partner who is represented as hay
ing signed the paper. left Chicago six.
ty DAYS before its date and is living
at 1900 ak street, San Francisco
An important order was entered yes
terday by Judge Kavanaugh. who di
rectod that all persons who owed the
bank money and who had deposits in
the bank should be allowed full credi,
on their debts for the sum due them
by the bank
Patrons of the bank are still at work
on plan of reorgan ization. A com
mittee composed Of Q. T. Moses. Aid.
arman Deyer and Alderman Beilfuss.
has charge of subscriptions TO the
stock Of new banking corporation 10
take the place of the failed institution
L is the intention of the committee to
raise 100000 Of which amount II is
stated thst 100000 had already been
Seventyfye men are on
he committee to assist in organizing
he bank
May Move Against Fetzer.
II was stated yesterday that the
directors of the bank would seek To
nave Receiver Fetzer removed from
he bank by means Of a demurrer 10
he previous proceedings This re
bort was not verified and it Is not con
idcred authentic.
The directors have not indicated
hat they desired TO disturb the re-.
eiver; on The contrary they stated to
udge Breniano that they did not want
he present receivcrship touched by 1
thcr hands
Judge Brcntano viii today hear the I
oniempt eases against T. T. Eide
acob Newman. S. O. Lovinson. S. A.
'ecker and the Chicago Title a Trust
ompany. There WAS a tip last night
hat the Judge would dismiss the De.
'ndants IN view Of the fact that the
nii which brought the defendants /
TO alleged contempt had already
zen dismissed and the basis of the
ln'empt proceedings had thrs been
.movad.
Stcnslsnd In India.
Paul q stem land is on his way fo /
dia and is being closely pursued hy
'iectives. They trailed his move
EMS from the time he landed in
verrool from New York AMI pir.
ed him on the boat following the
.p on which he sailed from that
Ut for India
Michael a Ia Buy. director of the d
-ecked Milwaukee Avenue State
'nk. ard one Of The heaviest personal
sers through the criminal acts of ]
onsland made THIS stercnt yes
aaay With other directors Of the 6
nk Mr.. BaBuv. who formeriv was =
Justice Of fhe peace. created q fund /.
+ the capture of Stensland. 7
Private detectives we're engaged y
4 the pursuit u stensland was De- /.
n by them. while the Chicago police =
re booking for a start in the man :.
NJ Tho trail was picked mp in s. !
Hl and followed through Canada 10 =