Jasper County Democrat, Volume 8, Number 3, Rensselaer, Jasper County, 22 April 1905 — BOWERS RULES IN McCOY CASE. [ARTICLE]

BOWERS RULES IN McCOY CASE.

Hammond Tribune: “Another hearing in the McCoy bankruptcy case took place Saturday before Referee J. O. Bowers in his chambers in the superior court building. Several important questions were under consideration and were disposed of. A number of attorneys from Rensselaer and Lafayette were present and the meeting was full of interest. The referee disallowed the claim of the trustee of the firm against the estate of T. J. McCoy on the Thomas McCoy mortgage of about $43,000 on the grounds that there was not sufficient proof of the mortgage being given. He also disallowed the claim of the trustee of the firm against the individual estates of A. and T. J. McCoy for overdrafts. The claims of the Lafayette banks against the individuals as security on notes signed by them as security for the firm was disallowed although the claim against the firm still stands and was allowed. Mr. Bowers considered the entire claim as against the firm and not against the estate. These ruling of the referee will increase the probable percentage which the general creditors will receive from the wreck.” The Democrat doesn’t believe there ever was enough in that imaginary mortgage to make a stir about. There are other matters that there may be something in that little disposition to push is i apparently being made. It is given out that both the Lafayette banks and Trustee Chapman will appeal to Judge Anderson from Mr. Bowers’ decisions in the above matters in which they are interested. This, of course, will continue to delay matters and add to the stock of feathers the attorneys are accumulating from the bodies of the big flock of geese who formerly sported in the McCoy barnyard. In the meantime the first aninersary of the bank failure has come and gone and not one penny has a single creditor received from this wreck.