6523. Deposit Bank (Midway, KY)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
March 27, 1896
Location
Midway, Kentucky (38.151, -84.683)

Metadata

Model
gpt-5-mini
Short Digest
e5733da2aab68ca4

Response Measures

None

Description

Newspaper accounts (Mar–Apr 1896) report embezzlement by the cashier and assistant cashier, a depositor run that forced the bank into assignment to a director (John Wise), and subsequent receiver activity and indictments. No articles indicate the bank reopened; assets/liabilities and receiver references show permanent closure.

Events (4)
1. March 27, 1896 Run
Cause
Bank Specific Adverse Info
Cause Details
Alleged embezzlement by cashier William (W./W.M.) Shipp and assistant cashier Charles (W.) Stone (shortages reported $20,000–70,000) prompted depositor panic and heavy withdrawals.
Measures
Directors assigned the bank to director John Wise; bank was placed into assignment/suspension.
Newspaper Excerpt
the depositors have been making such a run on the bank the directors decided to assign.
Source
newspapers
2. March 27, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Assignment/suspension occurred after discovery/allegation of large embezzlement by bank officers; directors decided to assign rather than try to continue amid run.
Newspaper Excerpt
has assigned to John Wise, one of the directors.
Source
newspapers
3. April 17, 1896 Other
Newspaper Excerpt
The receiver of the defunct Midway Deposit Bank states that the liabilities are $57,963 and the assets $135,646, much of which is worthless.
Source
newspapers
4. June 5, 1896 Receivership
Newspaper Excerpt
The grand jury investigation ... resulted in eight indictments against Cashier William Shipp and ex-Book-keeper Charles Stone ... When the Deposit Bank suspended, and they were charged with embezzling $70,000, it created a tremendous sensation.
Source
newspapers

Newspaper Articles (14)
1. March 28, 1896 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, March 28, 1896

Click image to open full size in new tab

Article Text

Telegraphic Tersities. New York.-The gross earnings of the Norfolk and Western railroad for the third week of March were $234,716, an increase of $11,064. Greensboro', Ala.-Ex-Governor Thomas Seay is still in a very critical condition. He is unconscious, and his death is liable to occur at any minute. Chattanooga, Tenn.-D Joseph S. Gillespie, once a very prominent citizen of Chattanooga, fell dead at his home, in Chickamauga, Ca.: aged 72 years. Augusta. Ga.-B. McDade, an employee of the Augusta Southern railroad, while coupling cars in the yard of the road, was run over and instantly killed. Washington Daniel introduced a bill to pay the Masonic Lodge of Keysville $2,500 for the destruction of their building by Federal troops in 1864. London.-The report published in the Chronicle that Great Britain had purchased Delagoa Bay, East Africa. from the Portuguese, is officially denied. Louisville, Ky.-The steamer Sam Brown was burned, and. it is estimated will be a total loss. She was built at Pittsburg in 1881, and was valued at $25,000. Des Moines, Ia.-A fire in the six-story furniture-house of L Harbach damaged building and stock to the extent of $65,000. Cape Town. .-Advices are to the effect Anderson, S. 1.--Thomas H. Palmer, aged 61, committed suicide by cutting his throat with a razor. There is no doubt that his rash act was due to mental aberration. retoria.-President Kruger has issued an official denial of the reports that the relations between Mr. Chamberlain. the British Colontal Secretary, and himself are strained. Knoxville, Tenn.-Ezra Hamilton, who was to have been hanged for murder, has been respited, his case having been appealed to the Supreme Court. which cannot act upon it until September next. Benton, Ark.-Nearly a dozen residences and three quarters of the business portion of the village were burned by a fire, which raged for three hours. Loss estimated at $40,000; insurance, partial. Chicago.-Frank Sweeney, ex-Grand Master of the Switchmen's Mutual Benefit Association, now the National Switchmen's Union, died at his home. after suffering a long time from consumption. Providence, R. -The cut-down in a few of the smaller Rhode Island cottonmills. announced Thursday, is not to be general, the larger corporations denying that a general reduction is contemplated. Wilmington N. C.-At meeting of the Republican Executive Committee of the Third Congressional District, McKinley was endorsed for President, Russell for Governor. and Pritchard for United States Senator. Cape Town.-Cecil J. Rhodes, late Prime Minister of Cape Colony, has started for Buluwayo, near which point, it is reported, a sharp encounter has taken place between a party of mounted patrols and a force of Matabeles. Baltimore.-John J. Hill. a young merchant of Ahoskie, Hertford county, N. C., died at the Carrollton Hotel from the effects of inhaling illuminating gas. C.J. Parker, his partner, arrived and took charge of the remains. Versailles, Ky.-The Midway Deposit Bank, of Midway, Ky., made an assignment to John Wise, a director. Forty thousand dollars is due depositors. The bank has $60,000 in collectible notes, and will probably pull through. Chicago.-Charles O. Hartwell who was employed by William Deering & Co., the agricultural-implement manufacturers, of this city, to managed the Rochester (N. Y.) office, was arrested on the street, charged with being a fugitive from justice, a forger. and an embezzler, and he admits his guilt. Berlin.-Dr. Peters. the African explorer. against whom grave charges have been made regarding his conduct as an official of the German Colonial Government, intends to resign from the German service. no matter how the judicial inquiry into his conduct ends, and will go to Somaliland, in the service of a foreign country. that several whites in outlying places are reported to have been killed by the Matabeles. It is assumed that the outbreak is partly due to the stringent measures recently adopted to stamp out the rinderpest in Rhodesia. The fondness of the Kaffirs for their cattle is well known, and the killing of them in attempts to stamp out the rinderpest has excited much discontent. Savannah, a.-The directors of the In: terstate Military Association decided to increase the first prize for the interstate competitive drill to be held during the May military celebration from $2,000 to $2,500. On account of the action of the Washington military companies, they also decided to adhere to the original rules, providing that companies not regularly enlisted In the National Guard could not compete. This bars out the National Fencibles. 1 Rome, N. Y.-The receiver of the defunct Fort Stanwix Bank has discovered a number of notes purporting to have 3 been made by persons in Rome, whose names were forged, presumably by the the Barnard, of the amounts cashier. late Lorged notes aggregating many thousands of dollars, and the inference is that 7 Barnard used the money obtained on the notes in paying the dividends to stock1 holders, thus keeping up the financial e standing of the bank. . The Force of Habit. e Plana Donaus

2. March 28, 1896 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, March 28, 1896

Click image to open full size in new tab

Article Text

Business Embarrassments. VERSAILLES, Ky., March 27.-The Deposit Bank of Midway, whose cashier, William Shipp, and assistant cashier, Charles W. Stone, are alleged to have embezzied nearly $30,000 of its funds, has assigned to John Wise, one of the directors. It was announced Tuesday that the bank would be reorganized and continue in business, but the depositors have been making such a run on the bank the directors decided to assign. The full amount of Shipp's and Stone's shortage is not yet known. Both men hold large sums of money as executors and guardians of various people. LOUISVILLE, March 27.-The Louisville Veneer Mills Company, one of the largest concerns of the kind in the South, assigned to-day. Liabilities, about $30,000. The assets consist of a plant covering fifteen acres, erected twelve years ago, at a cost of $90,000, and a large stock of goods.

3. March 28, 1896 The Evening Herald Shenandoah, PA
Article from The Evening Herald, March 28, 1896

Click image to open full size in new tab

Article Text

Bank Ruined by Dishonest Cashiers. VERSAILLES, Ky., March 28.-The Deposit bank of Midway, whose cashier, W. M. Shipp, and assistant cashier, Charles W. Stone, are alleged to have embezzled nearly $30,000 of its funds, has assigned to John Weiss, one of the directors. The full amount of the shortage is not yet known.

4. March 30, 1896 The Madison Daily Leader Madison, SD
Article from The Madison Daily Leader, March 30, 1896

Click image to open full size in new tab

Article Text

Bank Forced to Assign. VERSAILLES, Ky., March 30.-The Deposit bank of Midway. whose cashier, William Schipp, and assistant cashier, Charles Stone, are alleged to have embezzled nearly $20,000 of its funds, assigned to John Wise, one of the directors.

5. April 2, 1896 Union County Courier Elk Point, SD
Article from Union County Courier, April 2, 1896

Click image to open full size in new tab

Article Text

announced it is believed the use of metallic currency is imminent. The proposed reform consists in coining new gold pieces exactly corresponding in value to the present paper trouble." PARIS-Minister of foreign affairs, Berthelot, has resigned on account of ill health. GEORGETOWN, Texas.-Matt Moody, a negro, was hanged in the presence of 4,000 people, for the murder of Andrew Pickrell. PITTSBURG-At the wire nail manufacturers' association meeting in New York the price of wire nails was advanced 15 cents per keg. Cut nails will follow in the same ratio. VERSAILLES, Ky.-The deposit bank of Midway, whose cashier, Mr. Stone, was alleged to have embezzled nearly $30,000 of its funds, has assigned to John Wise, one of the directors. LONDON-The Chronicle says it will still hear of negotiations for the purchase of Delagoa Bay by Great Britain are afoot and King Humbert will arbitrate the price to be paid in spite of denials made in behalf of the government in parliment. LIMA. Peru - The government has notified the diplomatic corps that all claims against Peru arising out of the recent civil war must be presented within 30 days. ANSONIA, Conn.-Fire destroyed the $20,000 Germania hall, a brick block. The janitor, Henry Erben, fell from an upper landing head foremost and was fatally injured. JOHANNESBURG. - President Kruger will not go to England. Boer feeling is running high against the reform leaders, whose position will be critical in the event of further friction. LONDON. - Mark Twain has com pletely recovered his health and he sailed from Bombay for Mauritius and Cape Town. He has sold the copyright of a new work for 850,000. PATERSON, N. J.--Maj. Edward Leslie, a well known inventor, committed suicide by taking morphine. His wife and family: are in Canada. A suit growing out of infringement of patent was recently decided against Leslie, and this made him melancholy. HAVANA. - The column of troops commanded by Col. Pauvia has been engaged with insurgent cavalry numbering about 1,000 men, under the leadership of Lacret at the plantation of San Joaquin. The Spanish cavalry charged the enemy and the latter retreated leaving 15 killed. WASHINGTON. - All United States mails for the Bahama islands after April 8 will be sent from New York alone. Part of the service during the past winter months has been performed by a contract with the steamer Northumberland, plying between Nassau, N. P., and Palm Beach, Fla., but the arrangement terminates on the day mentioned. NEW YORK.-A verdict was returned in favor of the plaintiff for $129,240 in a suit tried before Justice Freedman in which Baring, Magoun & Co., of London, sued L. Waterbury & Co., brokers, to recover £25,000 with interest, loaned by the plaintiff on Dec. 21, 1892. Bonds and securities were given the loan, but the defendant refused to pay on the ground that the loan was on behalf of the National Cordage syndicate, which had failed. BROOKLYN. Edward King, the well known author and correspondent is dead. SAN FRANCISCO. - Three hundred Chinese were blown to atoms by the explosion of a magazine at Fort Kiang, China. According to advices by steamer the disaster was the work of mutinous soldiers. SPRINGFIELD, Ill.-Albert Batterton, a young man of Athens was shot and killed by City Marshal Trent in that city while burglarizing a restaurant. PANA, Ills. - Ddward S. Davis exmayor of this city and a prominent commission merchant committed suicide by shooting himself with a revolver. Cause of financial trouble. CHICAGO-Trans-Missouri lines have refused to grant the 1 cent a mile rate to the G. A. R. encampment. ROME-The senate by a vote of 109 to 6, has adopted the 140,000,000 lire credit asked for by the government for contemplated operations in Africa. CHICAGO. - Miss Frances E. Willard authorizes the statement that the national convention of the W. C. T. U. for 1896 will be held in St. Louis. MILWAUKEE. - The families owning two of the largest breweries in Milwaukee were united last night, when Miss Ida Uihlein become the wife of Frederick Pabst, Jr. HAVANA.-An expedition, supposed to be from the steamer Bermuda, has landed between Guantanamo and Santiago de Cuba, in che province of the latter name. GRAND FORKS, N. D.-W. P. Alsip, of this city, was awarded the government contract for 2,500,000 brick at the Rosebud Indian agenoy. EAST GRAND FORKS, Minn.-A man named Smith Wheeler was found dead in a saloon. The officials hint at foul play and will hold an inquest. Acute

6. April 3, 1896 Great Falls Weekly Tribune Great Falls, MT
Article from Great Falls Weekly Tribune, April 3, 1896

Click image to open full size in new tab

Article Text

Bank Assigns. VERSAILES, Ky., March 27.-The Deposit bank of Midway, whose cashier, William Schipp, and assistant cashier, Charles Stone, are alleged to have embezzled nearly $30,000 of the funds, has assigned to John Wise, one of the direc tors.

7. April 3, 1896 The Windham County Reformer Battleboro, VT
Article from The Windham County Reformer, April 3, 1896

Click image to open full size in new tab

Article Text

# An Atrocious Crime. Sunday morning a crime of almost unparaitel- ed atrocity was perpetrated near Talmage, a village five miles north of Akron, Ohio. Alvin Stone, aged 69, and his wife, aged 62, while asleep at their home were murdered by a fiend. who beat their heads to pieces, after which nu- merous knife thrusts were made into the bodies. of the dead. Two daughters, Hattie, aged 29, and Emma, aged 27, and the family man ser vant, A F Stillson, were attacked and all three fatally injured. They had been beaten about the head with a blunt instrument, which must have been of great size and weight. Alvin Stone was among the most wealthy and prominent of Summit county farmers and his wife was a mem ber of one of the wealthiest and most prominent families in northwestern Ohio. The crime is shrouded in mystery and the whole county is agitated. The only suspicion as yet rests on John Smith, who is employed at a blacksmith shop about an eighth of a mile from the Stone homestead. Smith was discharged by Mr Stone two weeks. The object of the murderous assault on the family was not robbery, as numerous ar ticles of value including two gold watches of the aged people which were on the bedroom dresser were not taken. # Another Insult to the Flag. The American schooner "William Todd" of Calais, Me, which arrived at Kingston, Jamaica last Sunday from Mobile, Ala, was fired upon, boarded and searched by a Spanish gunboat when six miles south of the Island of Pines. The first Intimation that the "Todd" had that she was to be interfered with was a shot across her bows. Upon this she promptly displayed the American colors and kept on her way, as- suming that that was sufficient. But three more shots followed in quick succession. A boat then put out from the Spanish war vessel and was soon alongside. A Spanish officer, with a file of marines, came aboard and announced his pur pose of searching the schooner for contraband of war. The schooner's captain protested and assured the Spaniard that she carried nothing of the sort, but the officer still insisted on making a search. The American skipper, of course, of fered no physical resistance, and the search was made. The schooner had only a legal cargo. # The War in Cuba. All the news indicates that the struggle is rap- idly approaching a crisis. The government has failed, after repeated efforts, to induce the Re- formists and Autonomists to take part in the elections generally. The Spanish are now on the defensive. Every battle fought in Cuba in the past 30 days has been invited by the rebels. They have more ammunition now then they ever have had, and if they can maintain a source of supply, there isn't anything that can prevent them from winning. Weyler asks for 40,000 more troops. Twenty-five thousand in- surgents under Maceo are swarming over the provinces of Havana and Pinar Del Rio, and 45,000 Spanish soldiers are in the same territory. There was a battle the 24th between Guano and La Fe in which the Spaniards were badly defeated by 2,000 insurgents and the Cuban jaunta in this country claims, though Havana authorities deny it, that Prince del Rio, the Spanish strong- hold in the western part of the island, was cap- tured by Marceo and the insurgents Saturday. Calixto Garcia, who recently landed with a fil- bustering expedition, was with the rebels. The hot fighting was done by the American artillery- men, who came with him for the express pur pose of working the Hotchkiss and gatling guns, brought on the steamer. Without the assis- tance of the American, Pinar dal Rio would not have fallen. It was only their deadly fire, sent into the town by the gatling and Hotchkiss guns that saved the day for the insurgents. Follow ing his usual poliev, Gen Maceo did not hoid the town. He simply destroyed it and then pas- sed out to some other place. There is a report that Gen Gomez is dead, because he had not been heard from for a fortnight. But the best information is that he is in Santa Clara province broken in health and unequal to the strain of compaigning at present because of the way he overtaxed himself in his great raid. # Hippolyte's Death. The news of the death of President Hippolyte of Hayti is confirmed and butchery is suspected. He was a tall, fine looking negro 70 years old. His hair was white, the expression of his ace kindly. He was slow and deliberate in his speech and seemed to turn over everything in his mind before uttering it. He came into pow- er through the influence of the United States and this fact rather wounded the pride of the Haytians. The old Legitime party opposed every act of his, and hated him violently. Hip- polyte led the revolt against President Legi time in 1889. His army was victorious in al- most every battle and he entered Port au Prince at the head of his troops September 2, 1889. He was elected president October 17. Hippolyte was opposed to the presence of foreigners on the island. He said that revolutions were tirred up by them so that they could make money. They smuggled letters and arms to revolution- ists, and did all in their power to overth.ow the existing government, no matter how well it was conducted. The Receiver of the defunct Fort Stanwix bank at Rome, NY, has discovered a number of notes amounting to several thousand dollars purporting to have been made by persons in town, whose names were forged, persumably by the late Cashier Barnard. The big elephant "Gypsy" owned by W H Har- ris, became unmanageable at the winter quar- ters of Harris circle in Chicago, last Thursday, and before she could be got under control killed her keeper, tore down a frame building and created intense excitement generally. WC McDonald, the millionaire tobacco man- ufacturer of Montreal, PQ, has donated $500,000 to McGill University for the purpose of provid ing a building for chemistry, mining and archi tecture. This brings McDonald's donations to his University up to $2,500,000. Frank O Driscoll, superintendant of carriers in the New York postoffice, who lives at West Brighton, S I, is accused by his wife of having attempted to murder her by slow polson. The new battleship "lowa" was successfully launched at Philadelphia last Saturday. The Midway Deposit bank of Midway, Ky, failed Friday. Patrick Sanbury died Sunday night of hydro- phobia, after terrible suffering, at Louisville, Ky. He was bitten by a grayhound Feb 20, being badly lacerated. Signs of insanity developed a few days ago, the wound having previously healed and the incident being almost forgotten. Mrs Emma Booth Tucker, the second daugh ter of General William Booth, who, with her husband, has been appointed to the command of the Salvation Army in the United States, arrived in New York Sunday afternoon. Her brother, Ballington Booth, sent a letter of welcome. She says her utmost efforts are to be devoted to ef fectinn a reconciliation. Robbers heid up the Firsco fast express near Richland, Mo, Wednesday morning and robbed the express car of about 30,000. Mrs Olga Deuss killed herself and three chil- dren, the eldest being eight years old, at San Francisco Monday night, by gas asphyxiation. She was jealous of her husband, who went out early in the evening and did not return until 3 o'clock this morning, at which hour he found his wife and three children dead in bed. A waterspout in Turkey Cove, Va, Tuesday drowned four children. In Russell Cove, Va, two men and three children were drowned. Gen Sum, late secretary of war, under Hippo- lyte, has been chosen president of Hayti to suc- ceed him. Ten persons were burned to death by a fire Wednesday morning in a tenement occupied by Italians at 36 Union street, Brooklyn.

8. April 4, 1896 Chicago Eagle Chicago, IL
Article from Chicago Eagle, April 4, 1896

Click image to open full size in new tab

Article Text

Depositors Run on the Bank. The shortage of William Shipp and Charles W. Stone, cashier and assistant cashier of the Deposit Bank at Midway, Ky., has grown to $60,000. Friday the depositors made a run on the bank and forced it into an assignment. Shipp and Stone are still at their homes.

9. April 17, 1896 Semi-Weekly Interior Journal Stanford, KY
Article from Semi-Weekly Interior Journal, April 17, 1896

Click image to open full size in new tab

Article Text

-Stephen Merriwether, of Elkton, drowned himself when his son was placed in jail charged with numerous crimes. -The town of Greenwood, Ind., has passed an ordinance forbidding the smoking of cigarettes on the streets at any time. -Three Pennsylvania convicts, being treated with the aseptolin cure for consumption, show marvelous improvement. -New York farmers near Canandaigua, are using potatoes for fuel, the crop being unsalable even at two cents a bushel. -Rev. Thomas G. Workman and wife, of Lebanon, O, both died within two days after the former had been granted a pension. -Six men were killed and one perhaps fatally injured near Bedford, Ind., by a construction train breaking through a trestle. -Fifteen persons were injured, one seriously, by a wreck on the Queen and Crescent near Vossburg, Miss, caused by heavy rains. -The receiver of the defunct Midway Deposit Bank states that the liabilities are $57,963 and the assets $135,646, much of which is worthless. -The House committee on Territories voted 6 to 4 to report favorably the bill to admit New Mexico as a State. New Mexico has less than 154,000 people all told, and is not increasing in numbers or wealth, although railroads have given it every facility for growth.

10. June 6, 1896 The Morning News Savannah, GA
Article from The Morning News, June 6, 1896

Click image to open full size in new tab

Article Text

TWO BANK EMPLOYES INDICTED. Larceny and False Swearing Among Their Offenses. Versailles, Ky., June 4.-The grand jury investigation of the Deposit Bank of Midway, Ky., scandal, resulted in eight indictments being brought against exCashier William Shipp and ex-Bookkeeper Charles Stone, charging larceny, embezzlement, swearing to false statements and making false entiries. Both men have been among the most honored citizens of Kentucky. Shipp was mayor of the city, and both are elders in a church. When the Deposit Bank suspended and they were charged with embezzling $70,000, it created a tremendcus sensation.

11. June 6, 1896 Birmingham State Herald Birmingham, AL
Article from Birmingham State Herald, June 6, 1896

Click image to open full size in new tab

Article Text

INDICTED EIGHT TIMES. The Ex-Cashier and Ex-Bookkeeper of the Deposit Bank, Midway, Ky. Versailles, Ky., June 5.-The grand jury investigation of the Deposit bank of Midway, Ky., South Carolina, Kentucky, and Alabama, resulted in eight indictments being brought against Ex-Cashier William Schipp and Ex-Bookkeeper Charles C. Stone, charging larceny, embezzlement, swearing to false statements and making false entries. Both men have been among the best honored citizens of Kentucky. Schipp was mayor of the city and both are elders in a church. When the Deposit suspended and they were charged with embezzling $70,000 it created a tremendous sensation.

12. June 6, 1896 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, June 6, 1896

Click image to open full size in new tab

Article Text

# Indictment of Bank Officers. VERSAILLES, KY., June 5.-The grand jury investigation of the Deposit Bank, of Midway, Ky., scandal has resulted in eight indictments against Cashier William Shipp and ex-Book-keeper Charles Stone, charging larceny, embezzlement, swearing to false statements, and making false entries. Both men have been among the most honored citizens of Kentucky, When the Deposit Bank suspended, and they were charged with embezzling $70,000, it created a tremendous sensation.

13. June 6, 1896 Daily Public Ledger Maysville, KY
Article from Daily Public Ledger, June 6, 1896

Click image to open full size in new tab

Article Text

ACCUSED OF LARCENY. Officials Shipp and Stone ofthe Midway Bank Indicted. William M. Shipp and Charles W. Stone, officials of the Midway Deposit Bank, were arrested at Versailles on eight indictments, charging embezzlement, grand larceny. false swearing and making false entries on the bank books. Shipp has been released on $5,000 bond. Stone has sent for his brother-in law, who lives in Scott county, to give bond for him. Shipp and Stone, as Cashier and Assistant Cashier of the Deposit Bank at Midway, it is alleged, embezzled $50,000 of the bank's funds and caused its suspension in April. Both were influential members of the Christian Church at Midway, and Mr. Shipp is well known in Maysville.

14. June 11, 1896 Goldsboro Weekly Argus Goldsboro, NC
Article from Goldsboro Weekly Argus, June 11, 1896

Click image to open full size in new tab

Article Text

Indianapolis, Iud., June 3.The Administration Democrats have about given up the fight. The result in Kentucky, followed on the heels of the action of the primaries in Illinois, has proved the last straw. The back of the golden calf has been broken and it now looks as if Indiana's delegation to Chicago will be a solid silver one. The silver men have always estimated a half-and-half result in this State, but all indications are that the State Convention will be overwhelmingly for silver. Fifty-six counties have elected delegates to the State Convention. Of these fifty four, that is all except two haye instructed their delegates for silver. They have sent strong silver men to the convention and adopted rings ing silver resolutions. It is believed now that there will not be 100 gold standard advocates in the State Convention. The American line steamer St. Paul, from Southampton, has made a new record for the westward voyage for the big liners. Until yesterday. the record was with the New York, of the same line- 6 days,7 hours, 14 minutes. The St. Paul's time is 6 days, 5 hours, 28 minutes. Versailles, Ky., June 5.--The grand jury investigation of the Deposit Bank of Midway, Ky., scandal resulted in eight indicts ments being brought against exCashier William Shipp and exBookkeeper Chas. Stone, charging laceny, embezzlement, swearing to false statements and making false entries. Both men have been among the most honored citizens of Kentucky. Shipp was mayor of the city, and both are elders in a church. When the De posit suspended and they were charged with embezzling $70,000, it created a tremendous sensas tion. Congressman Mahany of New York is the author of a bill- to enlarge the locks of the Erie Canal so that torpedo boats may be able to reach the great lakes from the Atlantic seaboard. By the treaty of 1817 both England and the United States are allows ed to keep only a single warship each on the lakes; but Canada has so enlarged the Welland Canal that formidable vessels o war can be despatched through British waters for the destruction of our border cities. Mr. Mahany's bill provides against that danger, and if passed, as it should be, it will break one strong link in the chain of cirs cumvallation which England has drawn around the boundaries of the United States.