Jasper County Democrat, Volume 7, Number 11, Rensselaer, Jasper County, 18 June 1904 — McCOY BANK BUILDING SOLD. [ARTICLE]

McCOY BANK BUILDING SOLD.

The sale of the McCoy bank building, which includes the store room occupied by I. Tuteur and the rooms above the bank, occupied by Foltz & Spitler, was sold Tuesday to Delos Thompson, cashier of the new Rensselaer State Bank, which is now occupying the building, and Frank Foltz and C. G. Spitler. The price was $20,025. This is an increase of $25 over the bid of W. B. Austin (erroneously published in The Democrat last week as the bid of Delos Thompson). After the latter bid IJr. Chapman telegraphed Mr. Austih, but the latter declined to raise his bid and requested a return of his forfeit money deposited with the bid. Mr. Austin, it was reported, desired the bank building for quarters to start a new national bank. One-fifth of the purchase price goes to Mrs. A. McCoy. It has been reported that the latter would devote this sum to paying some of the widows who lost money in the bank, but whether there is any foundation for the rumor or not, we are unable to state.