The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1906-08-10

Chicago, Aug. president Pau o.
aStensland, of the Milwaukee Avenue
State bank, will be arrested as soon as
he enters Chicago or can be found
Bank Examiner Jones said today
that Stensland surely had guilty knowl-
edge of the footing of the bank.
Twenty-Five thousand depositors in
recovering the $4,000, 900 they intrusted
ito Stensland's care.
Detectives are now seeking Cashier
Henry w. Herring, the alleged embez-
zler, and assert that they have infor-
nation to the effect that Herring left
ada as his ultimate destination.
There was a crowd of several hum
dred working people around the bank
this morning. and their evident misery
Asked to Arrest Them.
The police department today sent
broadcast throughout the United States
a message giving the description of
President Stensland, asking for his ar
rest. The message follows:
Look out for inc arrest for VIOLA
ton of the Illinois state banking law.
Paul o. Stensland, about So years old,
s feet 9 or 10 inches in height, blue
eyes, about 200 pounds weight. Under
stand he has shaven his beard and has
smooth face. He is of stout built and
wore when last seen a light suit and
straw bat. Light complexion. tending
to Sandy. Last heard from at Duluth"
The following message has also been
sent broadcast over the country by the
police:
ARREST for -embezzlement Henry w.
Herring, cashier of the Milwaukee Az
enue State bank. Forty to as years
Ole, 6 feet 2 inches tall, 275 pounds,
stout build, dark complexion, chestnut
hair, dark brown mustache, light suit.
He is a good dresser"
Warrants Are Out.
Justice Severson has ssued a war
rant for the arrest of President Stems
land on the charge of receiving de-
posts after knowing the bank to be
insolvent.
The superior court today appointed
John G.. Felzer receiver for the closed
bank. The bill of complaint alleges
mismanagement by the officials. h
rumor that Theodore Stensland, son of
the president of the bank, had also
disappeared grew today out of his
failure to keep an appointment with
the officials OF the police department,
and a search for him has been instl-
tuted.
Statement by the Son.
Theodore Stensland yesterday made
a statement, explaining the condition of
affairs in the mi He said:
The bank has now cash on hand of
$l,O5l, 600. 1t carries deposits OF $4,2O0,000.
There are $4,000 depositors. ! do not
believe that Mr.. Herring's accounts are
wrong. 1t is not unusual for him to
go away for two or three days at Il
time. He neve takes a regular vaca-
ton, but has heretofore seized an OPP
portunity for a days rest when bust
ness is comparatively dull. That is all,
I believe. h a has happened this time.
II swore out the warrant for the ar
rest of Herring at the request of Bank
Examiner Jones. Justice caverly is.
sued the warrant. The amount named
in the warrant is $500. 1 regard the
matter as only a matter of form to ac-
commodate Mr.. Jones, and enable him
to hold or question Herirg when he
reappears, as l am convinced that he
will. 1t was the absence of three o!
the executive officials that caused thu
bank examiner to take this action, ant
he has done it merely as a p%recaution
not because of any known discrepan
cies. He will make a careful and ex
haustive probe into the affairs of tin
bank. 1t will probably take a week
at the end of that Time ] am sur,
the bank will again open for business.