The Montgomery advertiser., 1906-09-04
BY CHICAGO TRIBUNE
Woman Gave Information as to
 Fugitive's Whereabouts.
President and Manager of Milwaukee Avenue Savings Bank Whose Mis- deeds Drove Many to Insanity
 or Self Destruction.

The Chicago Tribune from Tangiers. Morocco. today announces the capture of Paul Q. Stensland the president and manager of the Milwaukee Avenue State Bank which closed it's doors August g.
 The arrest was made by a represen- tative of The Tribune and assistant States Attorney Harry Olson. of this city. who have been on the trail of Stensland since August IS.
 Stensland had many friends among women of this city on whom he was accustomed to spend much money and , one of these, feeling that she had not been treated by hirn with due consid- eration, came to The Tribune few days after his flight with information regarding the direction in which he had gone This information was somewhat indefinite but investigation proved it's probable accuracy. A representative of The Tribune was sent to States Att torney Healy. who at that time was in the East with the information and the request that a representative of the State Attorneys office be permitted to accompany The Tribune representative on the quest for the fugitive. MT. Nealy agreed and sent Assistant States Att torney Olsen with The Tribune cores pondent
 1t was ascertained that stensland had fled from Chicago July 12. going direct ly 10 New York and sailed in steam CT of the White Star Line for Liver pool He remained in that city for two days and then took steamer for Gi- braltar, which he reached July 27. From there he took a boat for Tangier.
 Hot on the Trail.
 The Tribune correspondent and As sistant States Attorney Olsen were hot on his trail and arrived in Tangier about one hour after he had left it for a trip for the east coast of Africa. It was ascertained that he had deposited s12O00 in a bank in TanGier and be- iieving that he would soon return the two men decided to await him there. A despatch printed in the regular. edi- ton of The Tribune thls morning de-y clared that the arrest Of Stensiand would be only a matter of hours and four hours later a special edition was issued declaring that the fugitive had been taken into custody.
 During the period intervening be- tween his flight and his arrest, Stens- land has been going under the name or P Olse of Norway It-was learned be- fore his arrest that he had figured on snending the month of October in the Canary Islands and from there going fo London. as he had ordered all his mail sent to the MetroDole Hotel in that city from Tangier
 A reward of $5.000 had been offered for the arrest of Stensland and since his denarture from Chicago many de- tectives had been on the hunt for him Desnatches were received almost daily from all parts of the world declaring that the fugitive had been seen there and only three days ago It was de- clared with much positiveness that ne had been seen in Brazil and that his arrest was only a matter or re" days.
 Henry w. Herring, former cashier or tha Milwaukee Avenue State Bank, learned early today of the arrest or Stensland, and expressed his pleasure. He said that he was surprised that Stensland had been taken alive .ex- messing his belief that the man would have committed suicide before permit ting himself to be captured
 'I do not know who the woman can be who is said to have given the tn- formation which led to the arrest" de- clared Herring. "Stensland had many personal callers, but nevAr knew whether they called on personal mat ters or on business"
 wOman's Name Kept Secret.
 At the office of the States attorney. all information regarding the name Of tha woman who had indirectly caused the arrest was refused. It was an- nounced that Assistant States Attorney Olsen had since embarking on the pur-
 
 fhe name used by Stensland, declaring that he was anxious to overtake his "father," who was travelling just ahead of him. AS Stensland apparently made no effort to conceal his trail, the fol- lowing was not difficult.
 The closing of the doors of the Mill waukee Avenue State Bank, which oc- cured August 6. probably caused more anguish. suffering and trouble than any similar event in the West in many wears It was followc- by several eases of suicide and a number of per sens were driven to insanity. Stems land lived a fast life. spent money ,recklessly, speculated wildly and in one way and another made way with about s1 .00O. .O0O of the money of the bank before the crash came. More than 22 900 families had money deposited in fhe bank. and the failure came as a crushing blow to the majority of them The vast majority of the dspositors were wage-earners and the money they had in the bank represented all that thev had been able to save from the earnings of years. Stensland had for wears pIundered the bank by means of forged notes, the juggling Of the books, direct embezzlement and bogus mort eaqes. memorandum left by Stems land showed notes to the amount Of s1 OO3 900. made up of more than 200 items. ranging in amount from $1,000 to sI5.OOO each, that were, for the most part. forgeries.
 The proceeds of these transactions had been sunk in real estate specula- tions Part of the banks money is popularly thought to have gone to Cashier Herring. who was fond of rac9 horses, and also had the automobile fever.
 Cashier Hering's FailInEs.
 Herring, who surrendered himself la ter and who Is now in jail in default of bond to the amount of $6S,OOO- has de- nied that he was implicated In the wrecking of tbe bank, but has asserted that he was the dupe of Stensland. At the time of the failure of the hank the deposits aggregated $4.300,OO0. The receiver appointed by the courts has Daid 20 per cent to the savings deposi- tors and further payments will be made in a short time.
 The news of the arrest of stensland