The Washington times., 1906-08-09
Denies Any Connection
With Operations of
StenSland.
MERELY TOOL OF BOSS
Herring Remains in City and
Says He Is Anxious for
investigation.

CHICAGO. Aug. 9-Henry W. Herring.
cashier of tho Milwaukee Avenue state
Sank looted by Paul o. Stensland of
over 100000, Is in Chicago. He has
not been out Of Chicago since Monday.
lie says he intends to give himself up
and is confident that IN short space
OF tlma he can show to the satisfaction
OF everyone concerned that he had no
part in robbing the 22,000 depositors Of
the wrecked institution
The cashier does not think he can be
correctly described as fugitive from
justice. When Herring left the city on
Saturday he simply went up the lake
for a days rest He reached Chicago
Monday morning. got on a car and rode
straight 10 the bank. When the car
stopped on the corner he jumped on
carrying his heavy grip. Just as he
reached the edge of the sidewalk he saw
TIan pasting the notice OF the closing
OF the bank on its doors. Instead OF
ascending the steps he back-traoked and
headed down town.
Herring thought he would like a few
hours to think affairs over before ne
jumped into the financial wreck.
Cashier Only Stensland's Clerk.
-'At- A-F1A -4Ae - A4Aele tent Ail A&iH STATE
ment that he had nothing whatever to
do with the speculations of the banks
funds. He swears he has not profted
one penny by the Irregularities brought
10 light. He asserts that although cash
Ter of the hank, he was merely "a clerk
for Stenslaud, that all he did was TO
carry out StenslanJ's orders.
lie declares that Stenslaud-s instruc-
tons were such that tFe-e was no way
on their face Of deUC.IGiuius that any
crooked business was g0ipg on 1t was
only the culmination of a number of
suspicious incidents and the piliug OF
note upon note 10 carry on Stensland's
real estate operations that finally made
him morally certain that thievery was
rampant in the institution
Mr. Herring swe8rs he has no knowl-
edge uf just how and when the notes
sald 10 be torgerles were signed by
'As a matter of fact" said he. "at
thls moment j do not know il they are
IorgeTes- The signatures were good
enough 10 deceive me.
Stensland's Method of Operation.
Whenever Stensland needed money
- bolster up his operations he worked
as follows" " said Mr. Herring: "He would
come To my desk and say 10 me: Mr.. !
Herring. please make out a certain num- /
Der of notes the number of which he 1
would give me- for these amounts he !
z wing me a memorandum for them. I /
then made them out and sent them 10 /
him la the regular routine of business. /
Later, generally the next day. they we're 4
returned 10 me. duly signed by various /
people. or at least they had the alleged /
signatures of various people.
MIR. Stensland ordered me TO place
them TO the credit Of his personal account
and would then draw checks on his per-
sonal account for the various enterprises
which dragged him TO ruin"
Did he ever utilize tie names Of any
OF the employees on these nOtes?'
Concealed Big Overdraft.
Il only know Of one instance. Before
the last report 10 the State auditor there
was an overdraft OF $4,000 which had
to be taken care OF In some manner.
He got two employees of the cooperative
store which was the chief mill stone
around his neck 20 sign notes for this
amount. and this paper was used 10 con-
ceal the Overdraft
w hen did YOU become suspicOus that
something was WrOng?'
MY suspicious We're aroused some
!! tlilc aso. DnI l made up my mind that
Ar, stensiand about I'VE weeks ago
handed him paper containing a
tlst OF notes footing up $3.50 OO1 which I
nad reason 10 believe should be among
the assets OF the bank
rms indebtedness I said, is get
ting TOO large and il ought 10 be fixed
up IN some other way. or the bank will
be In trouble
He sat for a moment and then said.
} IS. / Know but 1 have every reason
70 beleFe VIII have IL all fixed up
shoruy. Don't worry; It viii all be
Stensland Prepares 10 Skip.
This talk with Herring evidently was
the thing that led SteusIand TO make
up his mind to skip. The next weel,
he spent lot OF time IN the directors
room and IN his own private office lock-
ing the door that he could not he in
terrupted. He worked not only during
the daytime but late at night He eVi-
IDENTIFY was casting up the amount he
had stolen and preparing the document
which was found in his safety deDosif
box last Sunday. In the letter vTbicb
his son received, and which brourhf
ON the crash. he stated that i'm 7bs
in the box would be fot1T5
footing up TO $4,000 and also q star. I
mcnt by Cashier Herring OF a further
Indebtedness OF S530 O00, which, to 0uota ,
The letter. Herring says I owe the
bank"
Mr.. Herring admitted last night that
he han made out this statement and n /
was the one submitted by him TO his
chief five weeks ago. when he made )
a demand on Stensland 20 'fx mat