Rensselaer Semi-Weekly Republican, Volume 36, Number 75, Rensselaer, Jasper County, 13 May 1904 — First Scheduled Filed. [ARTICLE]

First Scheduled Filed.

HalLof a Million of Liabilities As It Looks Now Is Not Improbable. This Wednesday forenoon, considerable excitement, and a very unpleasant impression was created, when Conductor Browning of the Monon, came and was negotiating to buy one of the McCoy horses. It is a sorrel side stepper, a fine saddle horse, and which was not turned over to the assignee, the claim being made that it belonged to the son, Taylor, a minor. Creditors of the bank protested, and the sale was given up, for the time being. The assignee t>ad a burned partial schedule of T. J. McCoy’s property prepared and Bled it in the clerk’s office.

The following is the pinperty mentioned: 1 certificate, 20 shares stock, in the Merchant’s Company. 1 brown horse (at Duvall’s.) 1 brown horse (at M'lore’s) 1 bay filley (at Duvall’s) 1 bay colt (at Omer Morlans.) 1 bay horse (at Walter Porters.) 1 phaeton, 1 surrey. 1 road wagon, 1 2 seated trap. 1 Goddard Phaeton.

1 Stanhope, 1 Sleigh, All of which shows that poor widows, cripples, hired girls and other like depositors in the McCoy bank, did not know how much of4heir hard earned-and hard saved money was invested in fast horses and elegant and unnecessary carriages, sleighs, gasoline launches etc. And the launch, by the way does not app mr on any schedule yet listed

One other horse is listed in the partial schedule. It is the sorrel riding horse, above mentioned, and which the assignee states that he is informed by a creditor,is the property of T. J. McCoy, and should be listed as such.

Assignee Chapman has selected the appraisers for the property of the failed firm. They are Rial B. Harris and David Yeoman. Both are men well qualified to judge of values, and will do their work faithfully and well. It is expected that they will act as appraisers as long as there is any properly to be appraised.

The known liabilities are in sight of the half million maik, and likely to yet reaoh it. The individual current deposits, subject to check on demand, are SIIB,OOO. Time depjsits and sums due other banks and individuals are $368,000 on the becks, but likely to be considerably reduced by payments made but not recorded. In any case these sums added to the individual debts of the partners, are almost certain to make the liabilities a full half million.