The Montgomery advertiser., 1906-08-09
 STENSLAND'S WHD-CATTING Mixed Up in Shady Realty Deals. SEARCHING FOR THE BANKER A Physical Ailment May Cause His Apprehension.
SEARCHING FOR THE BANKER
Missing Man . suRerer, From Bronch- iai Trouble, and It Is Believed He Must seek Services of
 Physician.

 land in his Irving Park subdivision will be disclosed, it was predicted to- day. as soon as J. E. Fetser. receiver for the wrecked Milwaukee Avenue State Bank. checks up on the mortga- ges and notes given by hundreds of in- vestors, who hung on to the bubble" let loose by the missing bank presi- dent
 A slump in value at this time which if is feared will come would cause much suffering and loss to owners. It has been learned that loans have been made on houses in that sub-di- vision up to withing eighty per cent of their top notch value. The cash came from the savings of depositors of the suspended bank. Scores of houses were constructed in the subdivision which were declared at the time to be too expensive for the character of the section. Loan houses were told at the time that if they did not care to take the security Paul O. Stensiand stood ready to furnish the money at low rate of interest.
 Today woe-begone depositors con- tinued to crowd around the bank As on previous days, the unfortunates. working people, came early and seern-1 ed determined to remain indefinately.
 
 tendency towards disorder.
 Highly Criminal Acts.
 Conclusive evidence has been un- earthed by State Bank Examiner. c. Q. Jones that Paul O. Stensiand. tho fu- gItive president of the Milwaukee Ave- rue State Bank. has been guilty of highly criminal acts in conducting the business of the institution of which he is the head. This is officially ail- nounced by Mir. Jones today. Al the same time cufpability for the crimes which have been brought about the far reaching disaster on the North side in narrowing more and more tc President stensland.
 Henry w. Herring. the missing cash. fer, who was declared to be an efn' bezsiey of large sums of money is DC ing in q measure exonerated becAus' Of the lack of direct proof agains him.
 .'when I swore out the warrant foi MT. stensiand yesterday" said Mir Jones today. T was perfectly assured of the criminal nature of the acts oi which the banker had been guilty Against Mir. Herring. have. no direc' evidence. 1 cannot say as yet pre- cisely how far the frauds operated b, Stensiand have been carried, but 1t Is to a great length--that is proved by papers already brought. to light. MT Jones confirmed statements that tho frauds amount to over stoo.ooo.
 Detectives were sent to Michigan today in pursuit of Henry W. Herring the fugitive cashier, who is said to have been seen there. Receiver Fet- ger said today he was beginning a rigid investigation of the forged notes in co-operation with Examiner Jones It will be three or four days. said MT Fetzer before he can get an adequate idea of the situation
 At Home Saturday Night.
 According to Charles Summerkamp' the caretaker of the Stensland none, President stensland was at home at Irving Park between midnight last Saturday and g o'clock Sunday morn ing. Summerkamp stated positively that the missing bank president was in the house Saturday night, with sever aI men and that when he left he took with him a small steamer trunk and a leather suit case.
 There is hope that a physical ail- ment of Banker Stensland may lead to his arrest. For seven years he has been a severe sufferer from bronchial disease. This throat trouble almost caused his death one winter. Since then he has been forbidden by his phy- sicians to go out nights. Stenslands condition is now said to be such that he cannot go long without medical at- tention.
 The search for Cashier Herring turn ed today in the direction of an in 1uisition against hand book opera tor. with whom Herring placed many bets on races He was questioned by Chief Collins for an hour.
 Vice President Theodore Stensland with Jacob J.. Kern, his attorney and bondsman, appeared in Justice Sver- son's private court this afternoon. By agreement the hearing was continued until August IS.