Jasper County Democrat, Volume 10, Number 27, Rensselaer, Jasper County, 5 October 1907 — NOT MANY BUYERS FOR NOTES AND OVERDRAFTS [ARTICLE]

NOT MANY BUYERS FOR NOTES AND OVERDRAFTS

The sale of the uncollected notes and overdrafts of the defunct McCoy sheepskin bank did not draw many bujers Saturday. Perhaps one reason for the lack of purchasers or curiosity seekers, even, was the report that seemed to have been generally circulated .about that the paper was not to be auctioned off, but that anyone desiftng could file a bid and if no one else raised it—privately, of course—and it was accepted by the referee, he would get the paper he bid on. At any rate there were few people about and only one note or set of notes were sold. These were notes of Hartley Bros., former grain dealers at Remington, and were all given in 1897. The face of the notes was about $1,500, and they were knocked off to John Hudson of northwest Carpenter township for $25. The “Bill” Rinehart notes, overdraft and protested draft aggregating over $7,000 received three bids —lO cents from Mose Tuteur, $5 from R. D. Thompson, and SSO from A. H. Hopkins. • The matter of accepting the latter bid was taken under advisement. ' The trustee soon after announced that he would adjourn the sale but would receive bids at any time at bis office. Other claims advertised that have since been s ttled are: Chas. Murray note of $l5O and overdraft of $75. Paid in full. Geo. W. Tanner note of $70.20 with Geo. Strickfaden and Conrad Kellner sureties, Paid. - A. Rosenbaum, overdraft of $1.04. Paid. H. Hildebrand, $87.29, balance on note. Paid. D. J. Warner note of $25 with Geo. Goff as surety. Settled for $lO. Warner did some painfing for Tom, it is alleged, sufficient to cover this, but the note was not taken up nor the amount credited thereon. Vance Collins, noth, S3O; settled. D. L. McCashen, note $8; settled. Later:—A bunch of notes at the head of the list, some 12 in number, have since been sold to A. H. Hopkins for S4O, and practically all the other notes and overdrafts except those of J. F. Irwin and W. A> Rinehart have been sold to F. B. Ham and Warren Robinson at $55; subject to acceptance of the referee. Bids have been received on the other unsold claims but have not been accepted as yet.