The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-09-04
FUGITIVE STEhSLAND
CAUGHT IN 7ANG|ERS
This Is According to Report
That Has Reached the
Chicago Authorities.

| CHICAGO, Sept. "a cable TO a Chi
ceso paper from Tangiers, Morocco. to-
day announces the capture In that city
of Paul Stensland. the president and
| manager Of the Milwaukee Avenue State
bank, which closed Its doors on Au-
! gust g.
Henry W. Herring. formerly cashier OF
| the Milwaukee Avenue State bank,
learned early in the day OF the arrest of
Stensland and expressed his pleasure.
He said that he was surprised that Stems
| land had been taken. although expressing
| his belief that the man. would have COM
] mitted suicide before permitting himself
| to be captured He also declared that
when the trial OF Stensand came off 1t
| would show that he, Herring, had been a
dupe Of Stensland and had suffered
through his financial manipulations.
The closing OF the doors of the Mil
waukee Avenue State bank. which oc-
CURED on August 6. probably caused
more anguish anad trouble than any SINH
lar event In the West in many years. 1t
was followed by several cases OF suicide
and number OF people were driven to
insanity.
Stensland lived a fast life, spent money
recklessly, specueted wildly and in one
way or another made away with about
81 900 900 of the bank funds before the
crash came More than % 600 families
had money deposited In the bank. and
the failure came as a crushing blow to
the majority OF them. The vast majority
OF the depositors were wage earners and
the money they had in the bank repre-
sented all that they had been able to
save from the earnings of years.
Part Of the banks money is popularity
thought to have gone TO Cashier Herring,
who was fond OF race horses and had also
the automobile fever. Herring, who sur
rendered himself later, and who Is now
iail alwayS 6enjed that he WAS
implicated, but asserts that he was the
dupe OF Stensland,
Az the time of the failure OF the bank
the deposits aggregated s4.100o0o,
The receiver has paid 20 per cent to
the savings depositors. and further pay
ments will be made in a short time. II is
yet problematical how much will ulti-
mately be paid. but 1t is asserted by the
receiver that the depositors will in time
receive the greater part of their money.
The news of the arrest of Stcnsland
was received in the section OF the city In
which his bank is located with great eX-
element A long line OF depositors was In
front of the bank waiting for their money
when the announcement was made, and 1t
was greeted with cheers, groans and
threats.
Assistant States Attorney Barbour late
in the day received a telegram from the
State department at Washington, saying
that cablegram had been sent TO the
Moroccan authorities asking whether they
would surrender Stensland
Judge Pond arrived in the city early In
the evening and at once signed the peti-
tion for requsition papers prepared by
acting States Attorney Barbour. Assist
ant States Attorney Barnett left for
Springfield at IL o'clock to present the
petition to the Secretary OF State.
petition TO Gov Deneen and one TO
Dr. 01C inri i,ydc cd
among the papers forwarded to the Sec
retary of State.