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BANK CASHIER DISAPPEARS; MORE THAN $80,000 IS GONE. KENTUCKY BANK COMPELLED TO SUSPEND AND INVESTIGATION REVEALS A VERY LARGE SHORTAGE. STEPHENSPORT, Ky., March 13 Following the suspension of the Two States bank here Cashier John Adair has disappeared. An investigation of the condition of the institution shows the bank has been looted of more than $80. will
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BANK LOOTED BY CASHIER. John 8. Adair Disappears With Over $80,000 In Deposits. Frankfort, Ky., March 14.-Follow ing the suspension of the Two State bank at Stephensport, Ky., on the or der of Secretary of State Bruner. Cash ter John S. Adair has disappeared. An Investigation of the bank's books according to Orlando Smith, the chie stockholder, shows that the bank hac been looted of over $80,000.
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Had Charge of Suspended Stephensport Bank. MOST GLARING CASE OF LOOT Bank's Attorney Found the Holdings of Fleeing Cashier a Myth. DEPOSITORS VERY HARD HIT Stephensport, Ky., March 11.Developments here since the closing of the Two States bank on Tuesday of this week and the departure or disappearance of Cashier John S. Adair show that the bank was completely looted before it was closed. There was practically nothing left in it, and even the young lady, Miss Payne, who was assistant cashier, as well as her mother, had all their savings in the bank, and the probability is that they will lose it all. One of the surprising things is that she did not know of the bank being impoverished, though she was in charge of the bank often alone while Adair was absent on other enterprises, or away at Hawesville or Owensboro, to both of which places he often went. This fact is also deeply humiliating to Miss Payne. Orlando Smith, who was the heaviest stockholder in the bank after Cashier Adair, is frank in saying that the bank is ruined and also gives out the fact that several of the stockholders are utterly insolvent and good for no amount, much less for the double liability. The probability is now that the $27,000 at first given out as the amount of indebtedness contracted by Adair through others, but practically all of which is supposed to have gone to his purpose,may be trebled when all revelations are made. It is now known here that the directors were averse to Adair spending so much of his time away from Stephensport, and protested more than once, but Adair always explained things so well that no action was ever taken. Attorney John P. Haswell. who has been employed by the directors to look after the interests of the bank, and Mr. Smith were at Hawesville this morning for the purpose of seeing what they could get there belonging to Adair, and though they found there the places in which he maintained a winter and a summer home, they found no property of his, nor any information as to his whereabouts. He and his wife left Hawes: 'ville for OWensboro on the night before the closing of the bank was announced. One rumor has it that they are in Mississippi, where a daughter of Mrs. Adair resides.
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CASHIER DISAPPEARS Kentucky Bank Is Looted of Over $80,000. Frankfort, Ky., March 14.-Following the suspension of the Two States bank, at Stephensport, Ky., on order of Secretary of State Bruner, Cashier John S. Adair has disappeared. An investigation of the bank's books, according to Orlando Smith, the chief stockholder, shows that the bank has been looted of over $80,000.
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BANK SUSPENDS CASHIER FLIES Following Suspension at Stephens port, Ky., Cashier Adair Disappears. FRANKFORT, KY.-Special.Following the suspension of the Two States Bank at Stephensport, Ky., on order of Secretary of State Bruner. Cashier John S. Adair has disappeared. An investigation of the bank's books, according to Orlando Smith, the chief stockholder, bank has been loot
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An Erroneous Publication Hardinsburg, Ky., April 5, 1911; The Breckenridge News, Cloverport. Ky. Dear sir:-The Louisville Evening Post printed an article in its issue of the 4th sent from Hawesville, saying that the Bank of Hardinsburg & Trust Company was one of the creditors of the Postal Store Company of that place which recently made an assignment. This is an error, and probably arose from the fact that The Bank of Hardinsburg & Trust Company is in charge of the assigned Two States Bank at Stephensport, and the Two States Bank is a creditor of the Postal Store Company. We never had a transaction of any nature with the Postal Store Company, and never heard of it till we took charge of The Two States Bank. I wi thank you to print this correction, ver respectfully, M. H. Beard, Cashier,