The Montgomery advertiser., 1906-08-08

 IssA FUGITIVE Ba < President is in
 Canada. HIS SON IS UNDER ARREST Not Even Safety Deposit Boxes
 Were Spared. warrants sworn Out for Arrests Of Both Cashier and Executive,
 But it is Feared They
 Escaped.

land. Vice-President of the Milwau- kee Avenue State Bank, was arrested late this afternoon on a charge of vio- lating the banking laws of the State.
 Earlier In the day the institution was placed in the hands of a receiver and Paul O. stensland. President of the bank, and father of the Vice-Pres- ident, together with Cashier Herring, were officially declared fugitives from justice and their personal descriptions placed in the hands of the police throughout the country.
 Besides the discovery of many ir- regularities in the management of the bank it was also found that even the safety deposit boxes owned and rent ed by the bank had been tempered with and rified.
 The specific charge on which Theo- dore Stensland was arrested was that of having accepted deposits at the bank when he knew the institution 10 be insolvent- The arrest was made in the ofice of Chief of Police Collins. where Stensland had gone to confer with the head of the police depart ment.
 The warrant for the arrest of the Vice. President was sworn out by J. F. Straub. a liquor dealer, who de- ited ss50 in the bank and that The odore SteIfsland as one of the officers of the institution had knowledge then that the bank was insolvent Later in the day Jacob K. Keern, a former States attorney signed bonds for $s,0oo for the release of Theodore Stensland
 The promise held out yesterday that the elder stensiand would appear in Chicago today was unfulnlled.
 Cashier Herring. sought on similar warrant is thought to have reached Canada. The days developments were likewise productive of the first ray of hope for the depositors who yester- day believed their savings of years were swept away in the wreck
 David R. Forkan, viee-President of the First National Bank. ana one of those 10 whom the status of the de- funct banks affairs has been laid bare. declared that probably 70 cents -eon the dollar would be paid in the finai adjustment
 The affairs of the bank are said to be in an almost hopeless tangle, new Irregularities being disclosed as the examiners go deeper into the books. President Stensland loaned money to himself. 1t is alleged. by having em- ployes sign the notes.
 Safety Deposit Boxes Rfaed.
 Specific instances came to light dur ing the day of the footing of safety QeDO9lL UO&eE. OhO RtsA tAC0tAE tp which the attention of the police was called was that of Mrs. Lydia Herman, who declared that S150 of her funds had been taken.
 The whereabouts of ce-President Theodore Stensland, son of the missing banker, was a mystery to the authori- ties until late today, when Chief of Police Collins got in communication with him and secured his promise to meet him in Kansas City.
 The clearing house committee is sparing no effort to bring the missing President to justice. Handwriting ex- perts, 1t Is said, will be put to work at once on the case to establish the seeming evidence of forgery.
 Belief that Stensland has made his escape into Canada Is supported by report from Superior. Wis. that Ser geant of Police Darwin S. Coon of that city saw the missing banker on Du- luth Superior car en route to Superior. Another dispatch from Chief of Police McKenan, at Superior. tended to show that stensland made his way to Can ada by boat from Duluth. Cashier Herring is thought to have reached the line by way of Detroit.
 stensIand Was Wise.
 Bank Examier Jones, who closed the hank yesterday. said today that Mir. stensland surely had guilty knowledge of the footing of the bank. The 22,000 depositors in the bank are gradually losing hope of recovering the S4,200,- ono they entrusted to Stensland's care. Detectives are now seeking Cashier Henry W. Herring, alleged embezzler. Detective Cannon, who has the war rant for Hering's arrest. charging em- bezzlement, has information to the eff
 la fta Ho. troit "I secured information from re- IiabIe sources that Herring left for De- troit Saturday night" said Cannon to- dav His destination. understand, is Canada" cated with and today detectives will take up the search for Herring in ear nest
 this morning, Notwithstanding that inc doors were closed, and there was no prospect of recovering funds dur ing the day the people persistently re- mained. Their evident misery was ac- centuated by a drizzling rain.
 Assistant Chi efof Police Scheutler today personally took charge of the police guarding the bank. He soon sent a reauisition to Chief Collins for more policemen. A large number ad- ditlonal were promptly ordered to the vicinity.
 Description of Herring.
 The following message has been sent broadcast over the country by the police
 Arrest for embezzlement Henry W. Herring, Cashier of the Milwaukee Ave- nue State Bank. Complainant Milwaur kee Avenne State Bank. Carpenter street and Milwaukee avenue Forty to forty-five years old. six feet, two in- ches tall, PTS pounds, stout build, dark chestnut hair. dark brown mustache, light suit.
 He is a good dresser. Send all to Chief Collins"
 (SIgned) Inspector Shippy."
 The call for additional police was caused by the fear that deposttors and their friends would storm the bank and cause a riot when rumors spread that the contents of some of the safety de- posit vaults had been tempered with. Persons with money in the vaults were said to have found their savings gone. These rumors originated in the butcher shop of Otto Baluria. Marshfield avenue and Cordelia street. Baluria said his