Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1906-08-14

Chicago, Aug. 13.-Banks of the Chi
cago clearing house today offered a re-
ward Of $4,000 for the apprehension OF
Paul @. Stensland, fugitive president of
the Milwaukee Avenue State Bank.
Vice President Theodore Stensland of
the failed bank, today said he believed
that his father was dead.
The failed bank now has two receiv-
ers. Judge Gibbons, in the circuit
court this afternoon appointed the Chi
cago Title and Trust Co. receiver on
petition, and 4 demand was made on
John A. FetZer who was appointed re-
ceiver of the bank by Judge Brentano
in the superior court last week, that he
turn over all books and papers to the
new receiver. Attorneys for Receiver
FetZer advised him to refuse the re-
quest and q contest may follow.
Chicago, Aug. 13.-The Tribune says:
Theodore Stensland. son of the fugi-
tive Milwaukee Avenue Bank president
Sunday. made a statement of mis-
knowledge of the circumstances sur
rounding the flight of his father and
of the colossal forgeries in the bank.
He denied that he had ever had
knowledge OF the plot before Aug. 3,
last, and submitted various proofs with
which he expected to substantiate his
story when told before 4 jury.
He believes that his father has not
fed the country but has committed SUI
eide. He also says that his father
could not himself committed the fOrger-
les of notes because of an impedient in
the control of the pen in recent years.
He thinks an outside expert was en-
ployed for the purpose of copying sig
natures on bank checks.
Young Stensland late on Saturday
gave to Receiver John c. Fetzerb for
the benefit of the bank depoSitOrS q
deed to all the Cook county real estate
held by his father who had power of
attorney. The property is valued st
$65O,O0O. 1t is understood to be his pur-
pose to surrender himself to the sher-
if on the beach warrant for conspiracy
in which he was included with Paul O..
Stensland and Cashier Herring
The young man was sought out for
the purpose of obtaining his comment
on new police charges-made during
the day to the effect that his son had
provided knowledge of the entire plot
and that the aid had aided his father 5
escape from the claims of the law. He
said it was true that he had the key
to his fathers box af few days after
he left town but he did not examine the
box until he had received an alarming
letter from him nearly three weeks lat
er. The letter was postmarked st.
Paul and contained key to his father
safety deposit vault. He opened the
box and found sheet of paper bearing
power of attorney made out in his
name and signed by his father. This
paper Young Stensland took from the
box without disturbing the other con-
tents. On Friday. Aug. 3. he received
a second letter from his father. similac
to the first This second letter con-
tanned the companion key to the one
sent in the previous letter. Stensland
continued:
I'm the letter father asked how
things wer at the bank. Then he re-
ferred to having had bad luck in his
real estate deals and the loss of money
generally. He said that things at the
bank had not gone as they should have
gone. and finally he said that l would
ma IN MS vault Il memorandum O1 MS
Indebtedness to the bank
Young Stensland then told of the in
vestigation which disclosed the banks
condition leading to the closing of the
institution.
Chicago, Aug. 13.-When investiga-
ton into the affairs of the Milwaukee
Avenue State Bank was renewed today
it was the expectation that Theodore
Stensland, son of the missing president
of the bank, Paul o. Stensland, would
surrender himself today on the bench
warrant on charge of conspiracy in
which the younger Stensland was in
Guided with President Stensland and
Cashier Herring. Young Stensland was
found at a downtown hotel last night.
Assistant States Attorney Olson stat
ed today that he had received informa-
ton concerning a woman (whose iden-
tity he refused to reveaD, who. he said.
had important information regarding
Cashier Herring and President Stems
land. A detective was sent for the wo-
man and it was expected she would be
questioned later in the day.
This afternoon a detective who had
been sent to the hotel where the wo-
man was said to be stopping. reported
-