The Cairo bulletin., 1906-08-11
ANOTHER LIFE IS
LAID At DOOR
Of BANKER
WHEN TELLER UNDER CLOUD CT
SUSPICION COMMITTED
SUICIDE.
TWO MILLIONS STOLEN
BY the Fugitive President Of the Nil.
waukee Avenue Bank New
Batch OF Forged Notes Found
Herring's Statement.

Chicago Ill, Aug lO.-ffank koW
alski paying teller Of the Milwaukee
Avenue State Bank of which Paul
Stensland was president, shot and
killed himself this evening at his
home, $40 North Carpenter street
No charges had been brought
against against him in connection
with the failure of the bank. but criti
cism by neighbors and lifelong
friends who accued him of a share in
the downfall of the bank is believed
to have driven Kowalski TO his death.
For two days he had been despond-
ent and members of his family have
kept close watch over him. Today
however, he returned to his home
while the family was away from home
and his dead body was found when
they returned
Lost Own Money in Crash.
KoWalsh had complained bitterly
oi the suspicious Of his friends and
declared that unless his character was
speedily cleared he would take his
own life. When the bank failed Kow
alsk had $500 Of his own money on
deposit in the institution and his i'm
mediate relatives nearly $4,000
Had the teller known Of Stensland |
deialcat ons, his friends assert. he |
would at least have notified his rela-
tives aad would have taken his own
money out Of the institution.
President Stole S2,ooo,ooo.
Authorities assisted by Cashier Her
ing continued the investigation of the
baulls collateral to-day After an all
days search forged notes aggregating
more than $1,000 were found and
are now in possession Of the states
attorney, who will use them In prose
cution of the officials responsible for
their utterance.
From a statement made today by
Herring regarding leans made by
Stcnsland, as lender. to himself and
the shortages found by previous in
YES igatons. it is asserted tonight that
the final adjustment of the affairs of
the bank win show that President
Steusland's deialcation aggregates !
nearly $2.000,000.
No knowledge of Forgeres.
Mr. Herring says he has no kn0wl
edge Of just how and when The notes
said TO be forgeries were signed by
Stensland. =,
Mr. Stensland would come to my :,
desk said Mr. Herring, 'and say 20 =
mo. Mr.. Herring. please make out .,
Ger ain number OF notes (the number
Of which he would give mel for these
amounts he giving me a memoran-
dunn of the amounts. ! then made out .,
the notes and handed them to him or =.
sent them TO him i'm the regular ron a.
line of husine s. Later. generally the
next day, they were returned to me
iuly signed by various people, or at
east they had the alleged gnaturc- 9,
If various people
Mr.. Stelsland the nrrdered me 'n
Dlace them to the credit of his per
onal account and would then draw ~,
hecks on his personal account for ,r.
he various enterprises which drag NO
ed him to ruin"
Suspicious Were Aroused a.
My suspicious were aroused some ~
mc ago. but made mp my mind that m
was my duty to say something 90 -,
lr. Stensland about FIVE weeks ago r
he iufniWde Of notes piled upon
utes had worried me so that became IL
ck from anxiety. and | went away for A
few DAYS rest During this time "
Iade mp my mind to speak TO Mr.
tensland.
when ! came back / walked into In
Is office with a list Of notes aggregat
x $500 600. and said: This indehf-
lness is getting too large and Il
ight ia be- fixed up in some other way
= the bank will be in trouble. j
He sat for a moment and then Nj
id: Yes. I know. but have every cisi
asoa 10 believe will have it all con
Sed up shortly. Don't worry. IT. tent
IN all be taken care Of ROM
Stsnsiand Prepared For FLIGHT. maj
This talk with Herring evidently was inr'
@ thing that led Stensland to make GIN
his mind 20 skip The mex week ized
spent l0t Of time in the Directors in 1
ON and in his own private Office. eetl
eking the door so that he could not hiif
interrupted. stro
lie worked not only during the dav VIII
ne bit late at nigh. lie evidently
IS ciisting up the amount he had
lien and preparing the document O.
IS found in his safety deposit box w
{ nday. OhiC
Ster sland did not aet in .nv rrr. Ada
/ m inner prior To his dansrtr-s =. Oaic