Jasper County Democrat, Volume 7, Number 7, Rensselaer, Jasper County, 21 May 1904 — OVERDRAFTS WRECKED BANK. [ARTICLE]

OVERDRAFTS WRECKED BANK.

The Politician* Got In Their Hook* In Good Shape In Notes and Overdrafts. Assignee Chapman filed two schedules in the McCoy bank matter last Saturday. The first gives the list of notes remaining in the bank vaults and belonging in the bank. The face of all these notes (which we understand is unsecured) is $39,885.94. Of this amount probably not over SIO,OOO to $15,000 is collectible. We want to call the attention of our readers to some of these notes shown by the schedule to be unpaid. The cash found in vault was $449.26, and there were checks on other banks for $133.99, making the cash items of this particular inventory $583.25: There are four notes on Phillip Blue, each for $68.54, Three notes on H. E. Hartley, given in 1897, and aggregating $1,430. One note on H. B. Murray, S2B, given Dec. 31, 1900; due March 15, 1901. Same, $lO4, given May n, 1903; due November 11, 1903, Same, SSO, Sept. 22, 1902; due Dec. 21, 1902. Alfred McCoy, $3,000, given August 5, 1895: due Sept. 5, 1895. A. McCoy, $2,636.37, given June 4, ’95; due August 4, '95, James Hoach and A. McCoy, $878,18; given April 8, ’95; due April 6, 'O- - & McDonald, $1,241.37; given May 2, ’O2; due Nov. 2, ’O2. McCoy & McDonald, $1,094.85, given May 2, ‘O2; due Nov. 2, ’O2. James McDonald, $204,08; given Jan. 12, '95; due Feb. 12, 95. Jacob McDonald, $1,01487; given Oct. 6, ’O3; due April 6, ’O4. S. R. Nichols, $644.90; given Jan. 25, ’O4; due Oct. 25, ’O4. S. R. Nichols, 619.57; given Jan. 25, ’O4; due April 25, ’O4. W. A. Rinehart, $1,400; given Dec, 30, ’O3; due June 30, ’O4. Seperated Butter Co., A. McCoy, Pres. $539.04; given Jan. 28, '92; due April 11,94. ' Geo. W. Tanner, et al, $100; given Feb. 14, 'O3; due Dec. 14, ’O3. L. W. Tanner & S. A, Dowell; given April 11, '0; due Oct, 10, ’O. G. W. Tanner & S. A. Dowell, $225; given August 10, 1900; due Aug. 1, 1901. L. W. Tanner, $100; given March 28, ’0; due June 20, ’96. Wm. A. Rinehflj9s.si.26l.oß; March 18, '0; due on demand?

It will be seen from the above that the McCoys and Rinehart are interested in about SIO,OOO, or onefourth the entire amount. It ‘might be well enough for the creditors to ponder over the notes of the republican politicians, officeholders and ex-office-holders whose names appear above and in the schedule of over-drafts. Among the overdrafts scheduled we fipd the following: A L Berkley (T J McCoy’s son-ln-1aw)13,725 95 A G Hardy (sheriff Jasper Co) 717 80 Jasper Co Republican Cen Com 156 16 P B Meyer (republican postmaster)- 1,855 43 A McCoy (president of defunct bank) 86,591 66 T J McCoy (cashier “ “ a )152,548 46 A A T J McCoy. 4.330 82 McCoy, Son A Porter 16.733 37 McCoy A Tuteur - 1,375 39 T J McCoy A Delos Thompson 325 10 James McDonald 255 85 T J McCoy, acct Fry 579 33 S R Nichols, (rep county treasurer)- 1,202 55 A L Padgett 1,727 89 W A Rinehart (A Rush A Warren, contractors 2,188 63 Stock farm. .......25,556 65 The total of all overdrafts is $320,652.10, and of this amount the McCoys are interested in about $285,000. In addition to the above mentioned overdrafts following is the oomplete list. Quite a number of those whose names appear had money on time deposit in the bank and they will now have to pay the overdrafts in full and take their chanoes with the other creditors on their deposits: Alford Bros $ 98 E J P Alter 139 39 T E Alter 48 84 Elias Arnold 6 40 Elias Arnold, Tr . 46 96 W B Austin 14 95 Bales Lumber C 0........ 4 10 Everett Brown .. 33 68 Joseph Borntrager. 200 80 Geo O Bales .... 1 80 Babcock ife Hopkins 49 29 RP Benjamin.. 102 86 II L Brown 5 42 W W Burns 19 70 Clint Brown 101 77 Geo Borntrager 15 00 James Blake 8 00 C L Borntrager 10 00 W H Beam 93 11 Frank Borntrager 26 70 P W Clarke 40 53 BECaster.tr 500 Collection Act 90 00 B D Comer. .... 12 86 Wm Collins... A . , 1200 Wilson Clark 1 47 Hiram Day 36 84 Wm Donnelly.... 60 Joe Devereaux jo 00 P B Downs 4 40 H J Dexter 24 88 J H S Ellis 75 34 B S Fendig... .. 1330 40 B F Ferguson. 55281 B F Fendig 24 28

AT Freeland 4 79 Bank Newton Co. by j J Fry ... 2 50 CAFry 2994 H L Gamble 1 51 Elizabeth Gwin . 41 32 H J Gowland. 15 04 Wm Greenfield 1 00 George W Goff 03 Joe Halligan 102 49 Judd Hayden ' 937 56 C E Hershman 273 37 Wm Holle 9 83 A R Hopkins , 27 26 J H Hoover IO OO J W Humes 5 00 Maggie Huston 74 W J Hoover 66 89 S H Hopkins 1 97 A J Harmon 98 38 C G Hammond 5 00 F L Hoover 14 42 F M Hershman 119 62 H C Hefner 15 08 Jas F Irwin 1034 71 Lee Jessup 106 85 Isaac Right 498 31 Jno Kimble 30 97 Right Bros 458 52 Geo P Ketchum 171 98 Larue Bros 3470 12 SMLaRue 414 21 James N Leatherman . 2 40 W S Lowman 1 29 Moses Leopold 8 68 Lee A: Poole 61 Perry Marlatt 45 Jno C Martindale 6 60 Patrick Maguire 55 9 l Mary Medicus 1000 Jas B Meyers 2 52 E C Miller. 2 00 A O Moore 19 34 Moody & Roth 723 36 Charles W. Murray 7500 Moore & Daugherty 963 43 W H Murray 415 95 J J Montgomery. I*s 37 Can Mandervill. 3 50 Mrs. J. F. Murray 12 80 Therosa McCurtain 99 00 Louella McCoy Berkley 5 *3 GeoMcElfresh 12 61 J A McFarland 168 64 M O McDonald 62 00 Joe Norman 43 84 O PT Club 37 38 H E Parkison ... 339 71 J R Parkison 290 08 W S and Alice Parks 9 U W T Perkins 85 95 E Peacock ..... 19 00 A T Perkins 67 58 C R Peregrine 13 01 Fred Phillips 32 25 H C Pierson 25 00 A W Prevo 27 17 James Pierce. .. 9 34 Rensselaer Steam Laundry...... 28 76 W H Rhoades 191 67 E S Rhoades 365 05 C A Roberts 39 43 John Rush 3° 75 Rowles & Parker 853 55 August Rosenbaum I 04 W H Sanders. 15 12 J M Shields 5 46 WCShead 2616 Alva Snow » 25 C C Starr 371 57 C H Stemburg . 23 84 G B Switzer) 3 5° M E Sunderland 10 00 Frank Snyder I 85 Jesse Sayler 167 42 Joseph Stipmeyer 5000 Wm Schleman 34 57 Ben Smith 3 92 John L Smith 26 39 Ben L Sayler 23 84 Telephone Co 191 89 S P Thompson 54 69 GeoTullis 83 84 Thompson & Babcock 18 95 C H Vick 53 71 Mrs J F Watson 43 53 Warner Bros.. 441 35 AD Washburn *33 24 E D Warren 3269 Dr I M Washburn.. 18 25 Bruce White 35 43 G M Wilcox & Son 432 47 Frank Welsh 23 82 Elsie Watson 4 5° W J Wright '. 1 3 47 J E Walters 3 54 ; O A Yeoman 113 20

T. J. McCoy has been rusticating at “Jerry’s” Island in the Kankakee all week, bat yesterday left from there for Chicago, where it is reported he will undergo an operation for apendicitis. The liabilities as shown by the bank books are nearly a half million dollars, as The Democrat predicted when the bank first closed. Of this amount deposits subject to check were, in round numbers, $16,000. and time deposits and amounts due other banks reach $325,000. The individual debts are not all known as yet, but they will be no small item. Duvall Bros, have a lien of $42.15, and one of $l5O against two of the horses, and Omar Morlan filed a lien of $36.75 and $32.50 on three others of the horses. The assignee will pay said claims out of the proceeds of the sale of said horses, on order of the court. These leins are against the T. J. McCoy horses which are to pe sold to-day, and are for feed, care, etc. The inventory of the personal property on the McCovsburg farm, owned by A. McCoy & McDonald, was filed Thursday. In addition to the farming tools, wagons, etc., there are 62 head of cattle, 12 sheep and lambs, 7 head of horses, three mules, 50 tons of wild hay, 20 bushels of timothy seed, 300 bushels of corn and 610 bushels of oats. All this property will be sold by the assignee. Brighest, busiest, beat carpet section in town; aee us for right patterns and right prices. Rowles & Parker.