Evening Republican, Volume 15, Number 285, Rensselaer, Jasper County, 4 December 1911 — COOVERT BONDSMEN ARE BY JUDY JUDGMENT. [ARTICLE]

COOVERT BONDSMEN ARE BY JUDY JUDGMENT.

Former Treasurer of Newton County Will Receive Balance After His Bondsmen Are Reimbursed.

Kentland Enterprise. By the settlement of a judgment against John F. Judy, the bondsmen of Frank M. Coovert, former treasurer of Newton county, have been enabled to reimburse themselves for the money advanced to the county at the time the latter retired from office, and at the same time save from the wreckagea neat little balance of $618.82 for Mr. Coovert The reverses of Mr. Coovert while he was serving as treasurer of Nowton county is still fresh in the minds of all. Mr. Coovert had about $14,000 on deposit in the Gilman Bank at Goodland when that institution closed its doors. He also had around $3,000 in the Bank of Roselawn when it failed. Both failures occurred shortly before Mr. Coovert retired as treasurer. But he faced his misfortunes like a man and the day he retired from office the county was paid every cent due it. To meet this settlement Mr. Coovert, and also his honorable wife, sacrificed their property, and the bondsmen were obligen to advance but $6,000. This Mr. Coovert secured as well as he could, and it has taken nearly eight years to untangle the affairs.

A part of the loss in the Gilman Bank was recovered when the. affairs of that institution were settled, and suit was entered against John F. Judy to recover the loss sustained in the failure of the Roselawn Bank. Mr. Judy was a partner In the bank at the time the money was deposited, but withdrew from the bank before-its failure. The case was fought through the local and Supreme court, Mr. Coovert winning in both. Monday Mr. Judy “did more than he agreed” and paid the judgment, which permitted foil settlement with the bondsmen and leaving the balance above noted. By reason of, the honorable course pursued, Mr. Cooven has more friends in Newton county today than ever before, and they are pleased that a small surplus at least was saved to himself and good wife. Mr. and Mrs. Coovert now reside at Talala, Oklahoma.