New-York tribune., 1906-08-19
M sTENSLAND'S TRAIL +?
dan Police Shados0 Man Be
r,,,ed 10 BE Fugitiue Banker.

wash Aug. 1s.-ShaGONed by de-
spoA nervous middle aged man left
H'u'.s British Columbia. by stage this
70 90 into the mountain mining camps
sfDne he statement that he was a Mr.
sho'a"e mining man from Los Angeles.
fh's'N,- here he is believed TO he Paul o.
3 ' t,e fugitive president of the NIL
sils'l'ss s,,.nue state Bank. OF Chicago. Mont
saSAes lived at Midway. British Columbia,
Faes - accompanied by a woman about
sen e. wears old, whom he introduced as
!. uife - e,.o-s,or,a ,,,s a.,
ocaf.-a, -.,,o ;s believed 10 be with the banker
f'aaI 80 the belief that Montgomery" was
So. A message was sent to the Chi
D -..o,,,ies asking for detailed descrip-
go - banker The Canadian authorities
. y 49,, would not be justified in arresting
4 's- 's--.srz-" and when he left here for the
.,-ssy. they let him proceed.
MET Of police of Midway says that the
ora still shadowing him. however, and
1 .-,,re him if he is wanted
. - - ,,s stay al Midway Montgomery" APP
- have plenty of money and to be in no
I s,snect mines He played cards, went
q I'D made himself a good fellow. but
l sue --ss-ed very nervous For several days
I f'1' a snsnected him TO be The banker has
..soving him. joining in his games and
l = -, him. Failing TO obtain an accurate
So ~ Stensland. the amateur detective
snolaue for further information and
.oss6 from this city, calling for Mont
arrest. The authorities however, were
-.,ees and preferred to await more de-
ii iaformation-
Angeles, Aug. 1S-AH the mining men by
-.,s n Montgomery known in Los Angeles
l baen located. None Of them, far can
1 -.ss-tained. are now in the district Of British
.-,t;a. nor have been lately.
i -s.ago Aug lS-Police Inspector Shippy
i = stsrDoon received a telegram from the po-
! r.sp,borities at Midway, B. c. that "A man an
-,e the description Of President Stensland,
| chicago fugitive was under surveillance in
rsasy Inspector Shippy Immediately wired a
.-,,,,s description Of Stensland and asked
A - The man be arrested.
/ -sso5ore stensland vice president of the Mil
ussse Avenue State Bank. charged with viO-
| r-g The banking laws failed to appear before
! ssoe Court Justice Severson to-day. The case
/ :, continued 10 August y.
! rbe b COO depositors. reused by the entry OF
| 5rsn more lawyers into the legal fight over
| x sgseis Of the wrecked bank, have organized
1 ~ yil hold a mass meeting tomorrow after
urr They will demand protection against COM
] 5sh0ns they fear from squabble Of attor-
Is
! s75rgaeld. Ill, Aug 1S-Bank Examiner
ms in a report 10 the State Auditor of Pub
/ accounts on the Milwaukee Avenue State
ask ef Chicago. given 10 the press to-day, esti
-s; The total defalcations through the manip-
/ mon o. the affairs OF the bank by President
/ aassad 10 be S1000000, and possibly more.
EuuiHer Jones says the closing Of the bank
L re TIE oonsumnation of q career the most re-
enable in the history of banking.
II Al he examination Of the bank on November
/ : u6 everything appeared 10 be prosperous
/ IL satisfactory. but il has since developed that
L q he figures were many questionable and
, a-ysi notes the exact amount Of which nobody
4 Il ne president or cashier can determine. Ex-
1 Izasg Jones says he is Of the opinion that Mr..
] ls5sg the chief clerk: Frank Kowalski, the
| zzEsm paying teller who has since COM
/ zfte5 suicide John Gullin skin. the receiving
| asE and Mr. Esdohr the paying teller. and.
! Tihou doubt others Of the employees OF the
/ ak had knowledge Of many things which were
/ Il 5Euiged by the directors TO him. Mr.. Jones
/ asaes thai Herring IN swearing to the state
| LII Of January 30 1906 perjured himself TO
/ steHt Of SlS4 $50 and IN the April state
E o the amount of S202. .l23. He declares
ri the executive committee and the examining
/ z1ittee OF the bank never acted in an official
| 5a1T and that had they done so each mem
is The Two committees would have found
| .h!ged notes in the assets.
/ a~Ig' ne says. denied forging the notes, and.
- 70 implicate President Stensland. gave
1 understand that an Italian named De-
4 nc employed in the bank. had been the
- Lerly, and that Stensland had given this
9Vo States Attorney Healy has been
MAJ Denario is now in Italy.
| - Jones fnds that the Steel Ball Company
saons to the bank aggregated $3.50. 900. and
ley VIII not pay 10 cents on the dollar.
- " Stensland paper aggregates $4,000.
slpT ol the Milwaukee Avenue Cooperative
- ahc It's ranihcatons (anOther Stensand
49, me sum Of $4,000. The capital stock
LShK amounting 10 s250.000. and the sur
1 1a undivided profits Of $500, 900, are wiped
~ Here Is still a deficiency Of s450.000.
4o.es which carried this deficiency were
fITtePs!. or al least paper which was Ques-
- Three hundred thousand dollars I'm
1nss.us sub-division notes were shown under
- VI real estate" In former eKamina-
- N.sse notes We're always shown minus the
~ -s1 tcolpon' and Mr. Jones was always In
uel tne interest had been paid. Now
Il, -, hsl this was not the case, and thai
H.. .s-Pgs mad been put into package and
- N'e cashiers special box and never eX-
L. ~ ~ ne examiner previous eXamina-
isbf,-A report says that examinations OF the
~. see9s passed have always shown IL TO be
IT, sJAaiton, and that the last examination
n