Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1906-11-08
Herring is GIVEN
PRISON SENTENCE
Former Cashier Pleads Guilty to
Charges Of Forgery and EmbezzIe.
rnent - Former Chief Tells OF
Flight from City.

Charges of Forgery and EmbezzIe.
n'ent = Former Chief Tells OF
Flight from City.
Chicago, Nov. 7. - Indictments
against several well-known persons in
connection with the looting of the
Milwaukee Avenue State bank prob
ably will be sought by States Attor-
ney #Healy when the next grand jury
conYenes. In addition to minor Off
clals Of the wrecked institution who
have been shown in an unsatisfactory
light, depositors of the bank who are
said to have denied genuine notes aft
er Paul O. Stensland fed from the
country are being mentioned about
the criminal court buildings, and in
dictments against these persons may
be asked.
Sensational Disclosures Hinted.
mat former depositors of the de-
funct bank had guilty knowledge of
the illegal transactions of Stensland
and Herring is suspected by Assistant
States Attorney Harry Olson, and SEN
sational disclosures are limited at
within few days.
States Attorney Healy says he will
hold Stensland and Herring in the
county jail for a few days, and it is
believed that he intends to have them
go before the next grand jury, with
additional evidence against persons
who have not yet been mentioned in
connection with the bank failure.
Stensland is in serious condition,
and his collapse is feared. Herring is
enjoying the best of health, and is
showing no signs of nervousness He
has agreed to aid the state in any fu-
ture actions
/ Olson Talks Of Case.
Assistant States Attorney Olson said
Tuesday: II believe that 100000 of
the stolen money was paid into the
bank as interest on the forged notes,
and that much of the balance went
1or wine and race horses. I believe
that Stensland would have extricated
himself from. this difficulty had he
not fallen into the clutches of Herring.
he was business man, and had
faculty Of making good speculations.
Stehsland, however, as president of
the bank, was the first to fall and the
stealing of Herring and Frantzen was
made possible by their knowledge
that their chief was juggling the rs.
setsS Of the. bank
Herring Sentenced to Joliet.
Another chapter in the history of
the ocked bank closed Monda ay.
when sentence of 1 to Il years in
the penitentiary at Joliet was passed
on Herring, who pleaded guilty and
confessed to forgery and embezzle-
ment in Judge Pinckney's court. Her
Ing also was sentenced to one to ten
years on the embezzlement charge, but
the terms are concurrent. Four years
were added to Stenslands term bv his
pleading guilty to forgery, making the
longest of his three sentences, which
also are concurrent, to II years.
NO new facts were adduced. Stems
land told how his downfall was due
to unfortunate investments. He said
mat when he finally found he was car
rylng too heavy financial burden, it
was Herring who suggested that he
tide over his difficulty by the use of
forged notes. He said that he se-
cured only 100000 from all the spu-
rious documents.
StensIand Tells of Fliqht.
The principal feature of the hear
ing and one that absorbed every
ones attention to such an extent that
otenslands S voice was the only sound.
however slight, in that crowd ed room.
was when the former bank president
asked permission to speak in his own
excuse and told the story of his flight
from Chicago.
lie said that he hung on as long as
ne could, hoping against hope" that
ne would be able to straighten ont
his affairs. When he left he said that
IN his mind it was only question Of
suicide or flight. He told of Sleep
less nights and long faint after he
had boarded the train. He told of how
he had left all his property and avail
able assets to protect as far as pos
sible the depositors he left behind
Then he spoke of his return.
His "Greatest Punishment
1T does not make any difference
how long or how short a time. I shall
serve in the penitentiary," he said.
The horrors, the confinement. the
humiliation and shame are awful. But
this is not my greatest punishment
your honor. My greatest punishment
IS the knowledge of the thousands and
thousands who trusted me implicitly
and i-' are losing a percentage Of their
deposits. No matter how long I stay
IN the penitentiary, I shall not feel
that my sins in connection with this
nave been atoned till these depositors
get 100 cents on the dollar.
II | get out, and if there is any life
IN me, my aim, my sole ambition, will
pc to do something for those that
have lost, and lost on account Of their
confidence in me- OF course this
promise may not amount to much. It
is meant well enough