Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1906-08-10
MISSING BANKER
SEEN IN SUPERIOR.
STORY OF POLICE SERGEANT OF
WISCONSIN CITY STARTS CHASE
FOR P. o. STENSLAND.
Depositors Losing Hope of Recovering
s4.2oo,ooo Entrusted to Chiefs OF
the Milwaukee Avenue Bank.

SUPERIOR, Wis, Aug. IL Specia1.I
Darwin Scoon, sergeant of police OF
Superior, says he saw Paul " oten1
land. carrying heavy grip on Duluth-
Sunerior car this morning, returning 10
Superior. Stensland, Scoon says "oie
the light suit, straw hat and IN al par
ticulars. tailed with the description
sent out by the Chicago police.
Scoon and FIVE detectives are now
making search for Stensland and the
peculiar grip.
Search at Superior.
Chief of Police McKennan of Supe-
rior. Wis, said today that he believes II
nossible that Paul =. Stensland went
to Canada by boat from Duluth. ne
said to the Associated Press today:
1T is my belief that that story was
ties little leeway. | don't think stems
land has been in st. Paul.
Madison Daughters Story.
MADISON. Wis, Aug. 7.-[Special.]
Mrs. Inga Sandberg, daughter Of Pres
ident Paul O. Stensland of the Mllwau,,
kee Avenue State bank, Chicago, SAID
TODAY she did not know the whereabout
Of her father, that her brother heard
from him a week ago. He was then III
st. Paul, alone. n5
an instructor in the school OF MUSIC OF
the University of Wisconsin. She lives
at the Chi Omega Sorority mousse
Warrants Ready for Bankers
CHICAGO, ILL.,, Aug. 7.-President
Paul 0. Stensland of the Milwaukee
Avenue State bank will doubtless be ar
rested as soon as he enters Chlcago on
can be found. Bank Examiner Jones'
who closed the bank yesterday, SAID TO-
day that Mr., stensland surely IN NAG aa gIllty
The $4,000 depositors in the bank are
gradually losing hope of recovering the
81 100000 they entrusted TO Stensiaho
care. H.
A warrant was issued today for the
hank president and John G. Fetzer was
appointed receiver under $1,OOO,OOO
bond
The largest stockholders of the bank
met today and decided that if an assess
ment is necessary they will be ready TO
make payment. The Illinois law calls
for an assessment of 400 per cent.
on all state bank stock in case the assets
of the bank are insufficient to meet liza
biities. This will mean that there VIII
be S25O,OOO cash Immediately available
to meet the demands Of depositors.
Detectives for a surety company are
searching for the missing president ana
cashier. 1t was said the company held
$4,000 bond on Herring, which runs to
the corporation and not to President
Stensland personally.
Officials May Be in Canada.
Detectives are now seeking Cashier
Henry w. Herring, alleged embezzler.
Detective Cannon, who has the warrant
for Hering's arrest charging embezzle-
ment, has information to the effect that
the missing cashier was in Detroit Il
secured information from reliable
sources that Herring left for Detroit
Saturday night" said Cannon today.
His destination, l understand, is Can
ada"
There was crowd of several hundred
working people around the bank this
morning, Notwithstanding that the doors
were closed and there was no prospect
of recovering funds
Crash Causes Two Deaths.
Two deaths yesterday followed close
upon the crash of the Milwaukee Ave
nue. State bank. One depositor dropped
dead, probably from heart disease, when
he heard of the failure. and another
killed himself with a revolver because
his savings were lost
In the list of stockholders of the Mil
waukee Avenue bank is contained the
name of Mrs. f. Crosby, Racine, Wis.
Money in Vaults Gone?
Persons with money in the vaults
We're said to have found their savings
gone. These rumors originated in the
butcher shop of Otto Blaura, Marshfed
avenue and Cornelia street. Blaura said
his sister had 5000 in the vault and when
she went to get the money it was gone.
Other stories of alleged tampering
through the crowd and helped to excite
the banks patrons More police We're
called out.
1t was learned today that the pecula-
tons of the banks funds began before
the year 1901. At the beginning of that
year shortage of $25O0O0 is now said
TO have existed