Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-08-07
POLICE SEARCH
FOR BANK CASHIER
Further Details of Big Chicago
Failure.
THE EVIDENCES OF GUILT
$4,000 Depositors Have Little Hope
of Recovering.
The EVIDENCES OF GUILT
POPULATIONS OF FIVE YEARS
Receiver Appointed by the Court To-
sages to Arrest President.

Stensland OF the Milwaukee Avenue State
Bank will probably be arrested az soon as
he enters Chicago or can he found Bank
Examiner Jones. who closed the bank yes
terday. said today that Mr.. Stensland
surely had guilty knowledge of the looting
of the bank.
The 22ooo deposirors In the bank are
gradually losing hope of recovering the
81. 2o0.ooo they intrusted to Stensaands
care. Detectives are now seeking Cashier
Henry w. Herring. alleged embezxier.
Detective Cannon. who has the warrant
for HerinR's arrest charging embexzlement,
has information to the effect that the miss
ing cashier was In Detroit. IT secured In
formation from reliable sources that Her.
ing left for Detroit Saturday night" said
Cannon TODAY. His destination, / under
| stand. Is Canada"
Police in Detroit will be communicated
with. and today detectives will take UP the
search for Herring In earnest.
There was a crowd of several hundred
working people around the bank this morn
ing. Notwithstanding that the doors were
closed, and there was no prospect of re-
covering funds during the day, the people
persistently remained Their evident mis-
cry was acoentuated by a drsxzling rain.
The Bank is Guarded.
Assistant Chief of Police Schuettler to-
day took personal charge OF the police
guarding the bank. He soon sent a requi-
sition to Chief Collins for more policemen.
A large number OF additional men were
promptly ordered to the vicinity.
The following message has been sent
broadcast over the country by the police:
"Arrest for embexziement Henry w. Her
Bank. Complainant. Milwaukee Avenue
State Bank. Carpenter street and Milwau-
kee avenue. Chicago. Forty to forty-fve
years old six feet two inches tall, 275
pounds stout build dark complexion.
chestnut hair, dark brown mustache, light
suit. He is good dresser. Send all in
formation to Chief Collins
The call for additional police was caused
by fear that depositors and their friends
would storm the bank and precipitate a riot
when rumors spread that the contents OF
some of the safety deposit vaults had been
tampered with. Persons with money in the
vaults were said TO have found their saw
ings gone These rumors originated In the
butcher shop of Otto Blaura, who said his
sister had 500 in the vaults He said that
when she went to get 1t the money was
gone. Other stories of alleged tampering
with the contents of boxes were passed
through the crowd and helped to excite the
banks patrons.
Seek Warrant for President.
Later Chief OF Police Schuettler, with In
spector Shppy and Bank Examiner Jones.
went to Justice Severson and asked him
to issue a warrant for the arrest of Presi-
dent Stensland. The charge in the COM
plaant asking for the issuance of the war
rana is fraud. Justice Severson was not
inclined to issue the warrant and the three
returned to the bank empty-handed. Ii
was expected. however, that warrant
would be issued later in the day by Justice
S;everson or some other justice. Bank Ex-
aminer Jones reiterated his statement that
he could give no estimate OF the amount
of the shortage.
It was learned today that the peculations
of the banks funds began before the year
1901 At the beginning of that year a
shortage of $4,000 is now said to have ex-
listed. 1t was also learned that Theodore
Stersiand now holds power OF attorney
from his father.
thorized by Stensiand ST., to dispose of all
property. including real estate, belonging
to Stensland, ST.. in order to make good as
far as possible the peculations. Members
of the clearinghouse committee expressed
their belief today that both Cashier Herring
and President Stensland are now in CANADA.
A rtimor that Theodore Stensland had also
disappeared grew today out of his failure
to keep an appointment with officials OF the
police department, and search for him be-
gan.
A Receiver Appointed.
Judge Brentano of the superior court to-
day appointed John C. sFetzner receiver for
the closed bank The bill Of complaint flied
in court alleged msmanagement by off,
cials.
The appointment of a receiver was OBJ
tanned by two women depositors OF the
bank. who hold claims against the institu-
tion aggregatiag less than $780, The peti-
ton which was presented to Judge Bren-
tano In the emergency branch of the SUI
perior court sets up that the two women
are depositors in the Milwaukee Avenue
State Bank, and that August the pank
was closed and has not opened since; that
II may never resume business. that the off,
cials of the bank are not in their places
and have departed from the city.
The court was informed that the COM
plainanfs and others In like position are
facing the loss of their money invested In
the bank, and that immediate action was
necessary to protect them The court was
sons who have money deposited In the al
legged defunct institution. and that most of
these creditors are persons OF little means.
and who know little or nothing about bust
ness methods. Charges were madA that the ;
officers of the bank have takeR1pth them
large sums of money belonging tokthe insti-
tuition, and the. court was asked to summon
them to appear before him in the event
they can be found. and to demand that they
give an accounting OF the money said to be
IT. their possession
After further consultation with Assistant
Chief of Police Schuettier and Inspector
Shippy, Justice Severson decided to issue the
warrant for the arrest OF President Stems
land The complaint was signed by Bank
Examiner Jones. and alleges a violation OF
section Is of the banking act. which refers
specifically to receiving deposits after
knowledge of insolvency.
Request for Presidents Arrest.
The police department today sent broad
cast throughout the United States a mes
cage giving description of President