Waterbury evening Democrat., 1906-08-09
Cashier of the Wrecked Chicago Bank Is Now In Custody
 of Officers.
WILL TRY TO CLEAR HIMSELF
Chiacgo, Aug o.-The Tribune to-

been out or CnlcagO since Monday morning. The police department can call fin its circulars, take its detectives oil the trail, and rest assured in the be- lief that at one o'clock to-day, or rather, one minute after one. MT Herring will be in the custody of In- spector Shippy. Herring intends to give himself up and is absolutely confident that in short space of time he can show to the satisfaction of everyone concerned that he had no part in robbing the 22OOO depositors of the wrecked institution. From Q o'clock until II o'clock last night, Q reporter and the cashier sat on a bench in one of the city's parks. In these two hours Mir Herring told the story of his connection with the bank from the time of his employ ment, n years ago. until he closed his safe last Saturday,
 The cashier does not think he can be correctly described as fugitive from justice. It has been stated that he ran away from town last Satur- day, and various surmises as to his whereabouts have been put forward by the police.
 As matter of fact. Herrng left the city on Saturday he simlpy went up the lake for days rest. He reached Chicago Monday morning, got on a car, and rode straight to the bank. When the car stopped on the corner he jumpedoff, carrying his heavy grip. Just as he reached the edge of the sidewalk he saw man pasting the notice of the closing of the bank on it's door. Instead of as- cending the steps, he Dack-tracked and headed down town. The pasting of the notice on the window proved the continuation of suspicious aroused in his mind six or eight weeks ago that things in the bank were not right.
 This suspicion was intensified by the unexplained prolongation of the ten days absence that President Stensland said he was going to take when he left three weeks ago last Sunday. And suspicion became a certainty when he saw the mob of frenzied depositors around the banks door.
 Herring thought he would like few hours to think affairs over before he jumped into the financial wreck and he went to the home of friend.
 Mir Herring is insistent in his state ment that he had absolutely nothing whatever to do with any speculation of the banks funds. He swears he has not profited one penny by the IT, regularities brought to light. He as- serts that although cashier of the bank. he was merely a clerk for Stensland; that all he did was to car " out Stenslnnd's orders.
 He declares that Stensland's in- structions were such that there was no way on their face of determining that any crooked business was going on; 1t was only the continuation of a number of suspicious incidents and the ipling of note upon note to carry on Stensland's real estate operations that finally made him morally certain that thlevery was rampant in the in- stitution.
 Herring is heavy set. stolld in dividual. He has good square, honest face, with gray. unwinking eyes that look you through and through. Last night he. had the re- pose and calmness of an innocent man and the story he told bore every superficial evidence of being true.
 While defending himself with the utmost vigor he made no wild accu- sations against Paul Q. Stensland: he simply told what he said was a plain. unyarnIshed. statement of the rise of Stensland and his downfall. brought about by a mania for real estate in- yestments.
 Herring swear he has no knowl- edge of just how and when the notes said to he forgeries were signed by Stensland.
 At a matter of fact" said he. .'at this moment I do not krow they are forgeries. The signatures were good enough to deceive me"
 Whenever Stensland needed mon ey to bolster up his operations he worked as follows:
 "afr Stensland would come to my desk" said Herring. and say to me Mir Herring. please make out a cer- tain number of notes Cthe number of which he would give mel for these amounts. he giving me memoran- dunn of the amounts. then made out the notes and handed them to him ar sent them to him in the regu- lar routine of business. Later. gen erally the next day. they were re- turned to me duly signed by various people or at least they had the al- legged signatures of various people.
 "Nfr stensland then ordered me to check on his personal account for sonal account. and would then draw place them to the credit of his per the various enterprises which drag ged him to ruin"
 "Did he ever utilize the names of any of the employees on these notesT
 Il know f only one instance. Be fore the last report to the state audi tor there was an overSiraft of S26.oO0 which had to be taken care of in some manner. He got two employees of the co-oeprative store. which was the chief miIlstone around his neck. to sign notes to this amount. and this paper was used to conceal the over draft"
 "About five weeks eEo I deter mined to say something to Mfr Stens- land about the inflnifude of notes piled uopu notes. awlked into his oG.ce and said: Now. Mir Stensland- you know this indebtednees-
 ~Wprp ron not more specific as to