The Washington times., 1906-09-04
President of the Defunct
Chicago Bank Shifts
Blame to Cashier.
FORGERY OF THE NOTES
Tempted, Stensland Fell, and
Says He Was Forever After
in Hering'S Power.

TANGIER, Sept. Paul o. Stems
land admitted. when questioned
after his arrest, that legally he was
guilty. but morally others were far
more so. For ten years the bank
received deposits mostly from Ital-
ians. Poles, etc, amounting to two
and a half million dollars. He may
have received about half a million
only.
The prisoner cried when making
the foregoing statement, He ex-
pressed regret at the dishonor
brought on his son and daughter
now in America.
Stensland arrived here a fortnight
ago and deposited in the Tangier
agency of the Compton National
Descomte de Paris 10000 francs the
day before his arrest. He proceed
ed TO Gibraltar, where he took pas
sage for Mogador, via Tangier. He
landed here yesterday and Detec-
tive Olson and Mr.. Kelly. editor Of
a Chicago newspaper, arrived there
yesterday morning. They met the
prisoner at s o'clock at the British
postoffice, where he was arrested
and taken to the American legation.
He slept in the British Hotel last
night in custody.
Declares Herring Forger.
'Stensland declared Cashier Herring was
The fcrger and that HeTiug got most OF
tse money. He exorerated his son Theo-
dcre and the bank directors. He denied
no had spent any money on Leone Lang-
don Key. or any other woman. He de-
Cla-ed that he never took all the money
he put into real estate or Investments In
TIE hops o. making good. Steusland eN-
pressed surprise that the total loss i'm
voIveG in the banks failure would reach
seo050oo
ITO my certain know ledge" he said.
Tho liability 10 the bank does not eI-
coed 10000. Anything over that must
have been stoIeI. 10y Herring He said the
first money he took was in 1895. when he
was In Il tight hole and needed money
Forever in Hering's Power.
Herring" he declared. suggested this
Ee pointed out that il was easy to obtain
money in that way. Then. when NY own
notes became too numerous. he suggest
ed the forgeries."
And YOU acquiesCed-"
eyes. First he tempted. then he urged,
and fell. Ever since that / was forever
in his power. He owned me body and
soul"
The forgeries. he declared. were Her
mg'S.
Toward the last Steusland said Herring
openly TOOK any money he wanted. He
did as he pleased. Re would stay away
from the bank three or four days az q
Kline. He sambled on horses.
Herring Promised to Reform.
a year ago he promised 20 quit" says
SJensland. and did for time. but re-
sumed IT, His pals got to calling UP
the bank. That Is why I had q secret
phone put in so I could overhear. But
he got on 20 10 and went outside 10
phone his bets He had me IN his power
He knew 1 was becoming more and more
involved he knew / had 10 constantly
use forged notes. and as the price Of
my silence he kept "A lot of stock for
gerles on hand 10 be used as occasion
required. ! was his slave and could not
get alonP without him. If he had been
decent aid honest I would not be here"
Named His AccOmplices.
The authorities refuse permission for
any further interviews with Stensland.
The prisoner has divulged the names
of all the banks where he has money de-
posted and the names Of his accom-
puces- When arrested Stensiand was
writing a note 10 the British pOstmasters.
instructing them TO readdress letters to
MOgador. Mr.. Olson, the officer, stand
ing behind him read the address and
told Stensland that instead of Mogador
to write Chicago. where YOU will be
taken Now he IS at the American
legation waiting instructions to send the
prisoner to Chicago.