The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1906-08-08

This action was taken by the au-
had showed that the finances of the
failed institution were in a deplorable
condition and had been for a number
of years.
Safety Boxes RifIed.
Besides the discovery of many ir-
regularities in the management of the
bank, it also found that even the
safety deposit vault boxes owned and
rented by the banks had been tam
pered with and rihed The specific
charge on which Theodore Stensland
was arrested was that of having ac-
cepted deposits at the bank when he
knew the institution was insolvent.
The arrest was made in the office of
Chief Of Police Collins, where stems
land had gone to confer with the head
of the police department.
The warrant was sworn out by J.
=. Strub a liquor dealer, who declar
ed that last Saturday he deposited
$3.50 in the bank and that Theodore
Stensand as one of the officers had
knowledge then that the bank was in.
solvent.
Vice President Released on Bond.
Straub contends that the vice presi
dent should have notified the acting
officers of the bank not to receive any
deposits, but that this had not been
done and his money was taken in vic |
lation of the banking laws.
Later in the day Jacob J. Kern, for |
mer states attorney. signed bonds |
for 81 Geo for the release of Thee
doro Stensland.
The promises held out yesterday |
that the elder Stensland would ap- |
pear in Chicago today were unfulhlled |
and 4 Is the belief OF the police based /
upon dispatches from several north |
orn cities, that he has fed into Can
ada. A warrant was issued for his ar I
rest cahrging embezzlement and vio-
lation of the Illinois banking laws.
Cashier Herring, sought on a similar
warrant. is thorght to have reached
the Dominion by another route
Depositors to Get 20 Cents.
The days development we're like
wise productive of the first ray Of
hope for the people who believed their
saving of years were swept away in
the wreck. David r. Forgen, vice
president of the First National bank,
and one Of those to whom the state
of the defunct banks affairs have {
been laid bare. declared that probably ,
20 cents on the dollar would be paid ,
in the final adjustment. y
Affairs OF the bank are said to be J
in an almost hopeless tangle. new {
irregularities being disclosed as the 4
examiners go deeper into the banks a
books. President Stensland loaned C
money TO himself It is alleged, by the
of having employees sign n
notes. I'm
Among the specific instances Of the a
ooting of the safety depo it boxes Il
was hat of Mrs. Lydia Herman. who n
ieclared that $3.50 Of her funds had b
,ecn taken Il
May Bring Forgery Charge. ri
The clearing house committee Is
pairing no efforts 10 bring the missing
PRESIDENT TO justice. Hand writing III
Nperts, il is said, will be put to work "
d once upon the case to establish the U
eeming evidence OF forgery.
The belief that Stonsland has made
rs escape into Canada is supported In
y report from Superior Wis. that
ereeant of Police Scoon of that city.
aw the missing banker on a Duluth
uperior car enrcute To Superior
mother dispatch from Superior tend.
4 TO show that Stensland made his pr
ay to Canada by boat from Duluth 10
ASHER uoring 4 tbougbt to bayo 10,
cached the line by way Of Detroit sk