New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-09-05
STENSLAND CONFESSES.
May BE Difficult to Bring Bank
Wrfcker Home for Trial.

Chicago. Sept. According 10 cable dispatches
from Tangier. Morocco. Paul o. Stensland made
a confession 10 Assistant States Attorney Olsen
yesterday which clears up much OF the mystery
surrounding the events leading up TO the crash
which involved the ruin OF the Milwaukee Ave
nue. Bank He took much OF the blame upon
himself bur declared Cashier Herring the
forger and that Herring got most OF the money.
He exonerated his son. Theodore and the bank
directors.
He declared il untrue that he had spent any
money or Leone Langdon Key any other
woman He said that he never spent more than
81 OOo wear himself. and that all the money he
stole he put into real investments in the
hope Of making good"
In his heart OF hearts he was glad he was no
longer q wanderer on the face OF the earth He
did not deIude himself. either with the idea OF
escaping punishment
He said ne had made up mis- mind 10 flee on
the Thursday preceding the Sunday in which he
left Chicago All Wednesday night he wrestled
with the problem whether 10 blow his brains out
or run. In the hours OF darkness he decided 10
kill himself. but postponed the act until dawn.
and with the sunlight came the primal instinct
10 hold TO life. and fight won over death.
His preparations were hurried. He had sur
rendered his life insurance policy for 5000 and
had received 5000 commission on the sale
OF the property Of the Cooperative Store 20 the
Northwestern Life Insurance Company. which
had held a mortgage lien on the premises. He
drew $1.jOO as salary from the Mount Olive
Cemetery Association This all the money
he had taken with him.
Why with million dollars cash I'm the bank
did YOU not take more?" he was asked.
Il could have taken a quarter of a million dol
lars without trouble" said he. but 1 did not
want to- I never took one cent OF cash from
the bank and put it in my own pocket. 1 never
took dollar belonging to ether people"
Stensland made attempt TO deny his guilt.
and only tried minimize H. His confession
began with statement that he was surprised to
learn that the loss involved in the banks failure
would reach S21OOO0O. lie said.
cannot understand how the shortage can be
S2OD0O1O To my certain knowledge my labil-
it,. 10 the bank does not exceed sjthlo-D Any
thins over that must have been stolen by
NV indebtedness began long while ago in
1886 j, was u small affair, a small amount. and
God knows / never intended 10 steal / was in
a tight hole and needed money / put my own
note. genuine. not forgery. in the box Then
IL was suggested TO me than the bank examiner
would stand for il. and ne did
Who suggested it?"
Herring II was the beginning. He pointed
out IN a roundabout way az hrst that it
easy 10 obtain money that way Then when my
own notes became too numerous he suggested
The foTseries-
And you acQuiesced?'
Yes First he tempted then he urged and /
fell Ever after / was absolutely ~ MS power.
He owned ne body and soul"
How many Of the forseries did yoI DO your
SELF"
Not one Herring. I think Gid all"
A telegram 20 Governor Dentru rom ne
State Department al Washington IL 70 this af-eF-
noon stated that no 'hoHins" waTship VIII oe
du. IN the Mediterranean f0l forty nfty days.
The uiessagc forwarded Co Assistant Stsir =
Attorney Barbour here Tonight. This c0faplla
zion according To- Mr. Ba rbour. viii nece-ritatr
the seslding OF q man to Tansirr from the states
Attorneys ONCE.
dav issued a request to President Roosevelt mat
he United States government make request
rQon the government OF Morocco for the extra
ditlou 81 Paul .. Stensland the president OF the
Milwaukee Avenue Bank Of Chicago. ana That