Jasper County Democrat, Volume 8, Number 13, Rensselaer, Jasper County, 1 July 1905 — THE McCOY BANKRUPTCY CASE. [ARTICLE]

THE McCOY BANKRUPTCY CASE.

The hearing held here last riday by Referee Bowers to enquire further into the facts concerning that alleged mortgage that Tom McCoy is said to have given the bank several years ago to secure his indebtedness to the bank at that timejsome $24,000, and which was never paid, brought forth no new testimony. E. £. Hollingsworth, A. R. Hopkins and Mrs. T. J. McCoy were examined concernign it, but the testimony of the two former was substantially the same as that at the former hearing—they thought that such a mortgage was drawn up and was understood by the latter to be in Tom’s strong box, in his (Tom’s) possession. As to whether it was ever signed by either or both Tom and his wife the testimony was rather vague. Mrs. McCoy swore that she never signed such a mortgage and never knew anything about it. Owing to failure to get service on the Honorable Tom, he was not present at this hearing, and the matter was continued until Wednesday of this week, when it was resumed at Hammond, that Tom might testify, but as he has heretofore testified that while such a mortgage was drawn up by Hollingsworth, who was then connected with the bank, but he (Tom)reiused to sign it and that his wife never signed it nor was asked to, it is not likely that he will testify differently now. The writer heard about all -the testimony regarding this alleged mortgage at the former bearing, and it seemed then there was mighty little to sustain the mortgage upon, and unless something more substantial can be brought out it seems unlikely that it will be held that such a mortgage was ever executed, or, if made, was ever delivered to the bank. As there is. little likelihood of any new testimony bearing on the matter being brought out, the general opinion of those who have weighed the evidence seems to be that the final decision will be against the existence of any such mortgage.