Jasper County Democrat, Volume 7, Number 15, Rensselaer, Jasper County, 16 July 1904 — McCOYS ADJUDGED BANKRUPT. [ARTICLE]

McCOYS ADJUDGED BANKRUPT.

Jud|« Anderson Orders Harehal to Borrow 95,000 From Creditors to Pay Trust Company's Not*. Indianapolis News. July 13. Alfred and Thomas J. McCoy, the Rensselaer bankers, were adjudged bankrupt by Judge Anderson in the Federal Court yesterday. The court ordered United States Marshal Harry C. Pettit to borrow $5,000 with interest at 6 per cent, from creditors of the bankrupts, to pay to the Central Trust Company, of Chicago. Several months before the failure of McCoys’ bank, they borrowed $15,000 from the Trust company and gave notes of various persons to the value of $46,000, as collateral. All but $5,000 o( the McCoys’ loan was paid, and the court believes that the balance should be paid and the notes tsken up for the benefit of the creditors.