The Barre daily times. (Barre, Vt.) 1897-1959, 1906-09-05
But StensIand Puts Most of
Blame ON Herring
CALLS HIN THE FORGER
Chicago Bank President. Arrested in
Morocco, Declares That the Cashier
Tempted Him to His
Downfall.

Chicago, Sept Paul @. Stensland.
The president Of the defunct Milwaukee
Avenue state Bank, has made con-
fession 70 Assistant States Attorney
Olsen in Tangier, Morocco, where he is
under arrest. He admits i share in the
looting 81 the hank but puts most of
the blame or The shoulders OF Cashier
,fering, who il 10 jail here. A cable de-
spateh 70 n chicago paper SAYS
Paul Stersland'S confession, made
this afternoon, clears UP much of the
surrounding The events leading
mp to the crash which involved the ruin
OF the Milwaukee Avenue State Bank.
he took much OF the blame upon him
sell, but declared Cashier Herring was tile
tafger and that Herring got most Of the
money
He exonerated his son, Theodore, and
the bank directors. tie declared il lie
that he had spent any money on women.
Tie said he had made up his mind to
ilee on the Thursday preceding the sun
day on which be left Chicago All Wed
lesday night he wrestied with the prob
lem whether 10 blow his brains out or
RIM. In the hours OF darkness ne de.
cidud 10 Kill himself, but postponed the
aet till dawn. and with the sunlight
came the primal instinct TO hold on to
life, and Hight won over death.
His Preparations were hurried He
had surrendered his life insurance policy
fof $4,000 and had received SsN0O0a az
commission on Tho sale Of the property
OF the Cooperative Store to the North.
western Life Insurance Company, which
ha1 he'll mortgage lien on the prem
ises. HE arew 81 800 as salary from the
Mount Alive Cemetery Association This
was all the money he had taken with
him.
Why, with million dollars Of cash
in the hank did you not take mores'
could have taken quarter of
raillion dollars without trouble, said he,
'olit ! did not want 20. | never took one
ccnt Of cash from the bank and put IT
in my own pocket. / never took d dol
lar belonging 70 other people.
cannot understand how the short
Egc can be s2,000,0oo,' he continued. 10
my certain knowledge my liability to
the bank does not exceed $500, 900. Any
timing over that must have been stolen
hy Herring
My indebtedness began long while
ago. in 1896. was in a tight hole and
needed money. put my own note
genuine, not forgery-in the box
4 Then it was suggested to me by
fiefing That the bank examiner would
stand for IL, and he did. He pointed out,
il roundabout way At first, that il was
easy to obtain money THAI way. Then,
wien my own notes became TOO numer
osts. he suggested the forgeries.
And you acquiescedT
Yes. First he tempted, then he
irged, and I fell. Ever after that was
absolutely in his power. He owned me,
body and soul.
You knew the notes on which Won
were getting money we're forgedF
.ssYes.'
And you knew. even II you did not
touch pen 10 paper, YOU we're guilty OF
forgery in uttering them
Yes. Herring had me in his power,
SiensIand continued He knew | was
becoming more and more involved. He
new ] had to constantly Use forged
notes, and as the price Of my silence he
kept A lot Of stool. forqerits on hand To
he used as occasion required was
his slave and could not get along with
out him. II he had been decent and
honest would not be here.
"sWhat about Theodorel Did he have
guilty knowledge
No, my boy Is as innocent as you
are He was only III the bank to ex.
anime abstracts. None of the direc-
tors proiited by the stealings. Like all
lark directors, they knew little Of what
WAS going on
when the name of a woman who has
figured in the case was mentioned Stems
land exclaimcd
Its q lie imputine anything wrong
tn her. | knew her eight years ago,
when my wife was alive Ny attentions
20 her were no moro than If took you
10 restaurant and bought you A meal,
a drink and cigar 4 never threw away
money Oh her OF on any woman. | am
20 years old.
~.Why should fool with womcn7
never threw away money in any dirsc-
lion in my life. | never spent over So
coo year. | always was worker.
never loafed IN my life. always was
the first man at che bank and the last
to leave IT,
".The money | took was invested.
year after year. IN IN cndeavor 10 make
GOOD. Every dollar went into real es
tate Of business. they were bad invest
ments and today ! am arrested fugi
rive, with the certainty Of prison cell.
And am nearly 60 years old. God Cod
Godln
A story was told today that Stensland
has been marked for death BY Anarchists
OF Chicago. The moment the hank presi
dent, now under detention at Tangier,
sets foot in New York, his life will be
ii danger, according to this yarn. II IS
said that members 81 i local circle, As
individuals, have taken an oath to kill
Stensland at the first opportunity.
Acting State Attorney Barbour did
rot appear surprised when asked about
the alleged threat.
ooh, wc have expected this MI along.
said he. "'rhe life Of Paul o. Stcnsland