The San Francisco call., 1906-08-11
TELLER OF CHICAGO
BANK A SUICIDE.
Frank Kowalski of the
DefunCt Concern Puts
an End to His Life
$2,OO0,0O0 SHORTAGE

CHICAGO, Aug. 10.-Frank Kowalski,
paying teller Of the Milwaukee avenue
state Bank. which failed last Monday.
and for some time assistant receiving
teller in addition to his other duties. shot
and killed himself tonight at his home
$40 North Carpenter street. Criticism
by neighbors and lifelong 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 de-
clared that unless his character was
speedily cleared he would take his own
life.
p howalski's relatives assert their firm
belief that he was innocent Of any
knowledge of the mismanagement Of
the bank by President Stensland. When
the bank failed Kowalski had $500 of
his money on deposit in the institution,
and his immediate relatives nearly
$1,000. Had the teller known of Stems
lands defalcations. they assert. he
would at least have notified his rela-
tlves and would have taken his own
money out Of the institution.
The teller, who was so years old,
had been with the bank for thirteen
years.
SHORTAGE STILL GROWING.
While search for Paul o. StensIand.
the missing president, is being extend
cd to all parts Of the country. Cashier
Herring, who was arrested yesterday,
spent the day with the States repre-
sentatives and Bank Examiner Jones
in examining the banks collateral in
an effort TO determine how much the
president is short in his accounts. After
: an all-day search, forged notes aggre-
eating more than 100000 were found
and are now in the possession Of the
States Attorney, who will use them in
the prosecution of the officials respon-
sible for their issuance.
From statements made today by Her
ring regarding loans made by Stems
Ia nd as banker to himself and the short
ages found by previous Investigations,
1t is asserted tonight that when final
adjustment Of the affairs Of the bank is
made il will be found that President
Stenslands defalcations will aggregate
nearly s2,00OO 900.
VISITS To RACE TRACK.
a. In addition TO the discovery Of prI-
Yate ledger kept by President Stems
land, in which was concealed a record
- OF S191, 600 Of savings bank deposits.
another interesting book came to light
during the examination Of Cashier
Henry ". Herring. This book showed
Stensland in a night role-that Of sport
and rack track gambler. The book
showed that the missing president, in
company with a coterie Of friends, was
a heavy plunger on the races. It con-
tained memoranda of the campaigns on
the turf One day Stensland and his
companions bet $4,000 10 win 100000
OF, d horse called General Bragg. The
animal won. There were several los
iugs. however, TO Offset this big win
ming.
This shows said Herring, as he
brought the book from its hiding place.
that I'm not the only fellow around
here who followed the ponies
NEST OF FORGERIEs.
Assistant States Attorney Olsen
found what he termed a regular forg-
ers nest" while going through the
books and papers Of the Milwaukee
Avenue State Bank with Cashier Her
ring The nest" was composed Of two
envelopes filled with notes and blani1
forms. The blank forms contained sig
natures which had been traced from
the regular depositors' signature books.
According to Olsen, these were ready to
be filed IN for any amount, which
would be charged up to the account Of
tie person whose name was signed.
The other envelope contained notes
running up 70 thousands Of dollars,
with the names Of many prominent
business men attached The authorities
viii endeavor to discover whether or
not these names were forged. The
notes were found hidden in President
Stensland's private vault.