Jasper County Democrat, Volume 7, Number 5, Rensselaer, Jasper County, 7 May 1904 — WILL LET BONDSMEN PAY. [ARTICLE]

WILL LET BONDSMEN PAY.

Trustee Blue Won’t Worry Over $3,000 Lost In McCoy Bank.—Bondsmen Want OH His Bond. A meeting of the bondsmen of C. M. Blue, the republican township trustee of Marion township, was held Monday night in the county superintendent’s office to take some action regarding the $3,036 of township funds in the defunct McCoy bank, a good share of which it is expected the bondsmen will have to pay. We are told by one of the republican bondsmen that Blue showed the white feather throughout the meeting, and informed them that he did not propose to make up any of the amount himself; that if he ever got able he would pay it back, but woold do nothing now. He has a residence property in Rensselaer, which we are told is in his wife’s name, and he is said to have little else. He was asked to pay only his proportionate share of the loss, it is said, which would probably be about $l5O to S2OO, it was thought, and he declined to do this.

The bondsmen then took a vote withdrawing from the bond, it is said, and the sentiment to do so was unanimous, and they will all withdraw, we understand. The bondsmen as shown by the Bond Record in the auditor’s office are:

John Eger, Charles E. Mills. Theo.F. Clark, D. G. Warner, Chas, M. Blue, E L. Hollingsworth, Granville Moody, John W. Horton, Louis H. Hamilton, George E. Murray, Mary E. Robinson, Walter V. Porter. John Martindale, Abraham Leopold, W. B. Austin.

Later: As we are about to go to press we hear that Mr, Blue has thought better of the matter and has offered to give a SSOO mortgage on his residence property and take out SI,OOO life insurance made payable to the bondsman and keep up the payments on the same for their benefit, in case he should die. He also says we are told that he will pay it all back if he lives. This change of front is thought to have been brought about by the action of the delegates to the judicial convention in turning Blue’s brother Roy down for prosecutor. One or two of the bondsmen wens over to the convention with their ‘•hammers” out for the Blues because of C. M’s. previous action regarding the bond matter. If the latter report of his doing the square thing in correct, the bondsmen will not withdraw, we are informed.