Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-09-03
mail sent to the Metropole Hotel in that
city from Tangier.
$4,000 Reward for Capture.

mail sent to the Metropole Hotel in that
city from Tangier.
$4,000 Reward for Capture.
A reward of 5000 had been offered for
the arrest of StensIand. and since his de-
parture from Chicago many detectives had
been on the hunt for him. Dispatches
were received almost daily from all parts
of the world, declaring that the fugitive
had been seen, and only three days ago It
was declared with much positiveness that
he had been seen in Brazil and that his
arrest was only a matter of few days.
Henry w. Herring, formerly cashier OF
the Milwaukee Avenue State Bank, learned
early in the day of the arrest of Stensland
and expressed his pleasure. He said that
he was surprised that Stensland had been
taken alive. expressing his belief that the
man would have committed suicide before
permitting himself to be captured. He
also declared that when the trial of STEMS
land came on it would show that he Her-
ipg) had been dupe of Stensland and had
suffered through his financial manipula-
tons.
Herring Highly Pleased.
Il am highly pleased. to say the least"
said Herring. cit simply means that my
name will be cleared at the hearing and
that it will be shown that had no part in
the looting of the bank, which was carried
on by Stensland So far. have been COM
PEELED to carry all the load of ignominy and
suffering, and / hope now that Stensland
will be compelled to shoulder his share"
Herring further said that Stensland had
never said anything to him to Indicate tnat
he intended to go abroad, but said instead
| that he was going to the northern part Of
this country and would return in short
time.
II do not know" said Herring, who the
woman could have been who is said to have
given the information which led to the ar
rest. Stensland had many personal callers,
but 1 never knew whether they called on
personal matters or on business.
AT the Office of the states attorney all In
| formation regarding the name of the
woman who had indirectly caused the ar
Assistant States Attorney Olsen had since
embarking on the pursuit of Stensland
posed as the son of "Olsen." the name used
by Stensland, declaring that he was anx-
travelling just ahead of him. AS Stensland
apparently made no effort to conceal his
trail the following was not difficult.
Failure Caused Much Anguish.
The closing of the doors of the Milwaukee
Avenue State Bank, which occurred on Au-
gust 6. probably caused more anguish, SUI
fering and trouble than any similar event
in the west in many years. 1t was followed
by several suicides. Several people were
driven to insanity. Stensland lived a fast
life. spent money reeklessly, speculated
away with about 81. DOC, coo of the money of
the bank before the crash came.
More than %. 900 families had money de-
posted in the bank. and the failure came
as a crushing blow to the majority Of them.
The vast majority of the depositors were
wage-earners, and the nancy they had in
the bank represented all that they had
been able to save from the earnings Of
years.
Stensland fed northward, leaving a note
to his son, in which the condition OF the
bank was meagerly set forth, and the son,
believing that Cashier Herring, who at that
time was also out Of the city, was to
blame for the trouble consulted President
Potter of the American Trust and Savings
Bank.
hasty examination by the bank off,
GERS Immediately followed, and the bank
was closed at once. 1t was then found
that Stensland had for years plundered
the bank by means Of forged notes. the
juggling of the books, direct embezzle-
ment and bogus mortgages. =
A memorandum left by Stensland found
in his private safety deposit vault showed
up Of more than 200 items. ranging. in
| amount from $1,000 to- $4,000 each, that
were for the most part forgeries The pro-
ceeds Of the transactions had been sunk
in real estate fluctuations. Part of the
banks money is popularity thought to have
gone to Cashier Herring. who was fond OF
race horses and had also the automobile
fever Herring. who surrendered himself
later, and who is now in jail in default
of bail to the amount of $4,000. has al
ways denied that he was implicated In the
wrecking Of the bank, but has asserted
that he was the dupe Of Stensland. At
the time Of the failure Of the bank the
deposits aggregated $4.100,000.
Twenty Per Cent Paid Depositors.
The receiver appointed by the courts has
paid 20 per cent to the savings depositors
and further payments will be made in a
short time. 1t is yet problematical how
much will ultimately be paid to the de-
positors, but it is asserted by the recefv-
ers that the depositors will in time receive
the greater part of their money.
The news of the arrest of Stensland was
received in the section Of the city in which
his bank is located with great excitement