Rensselaer Semi-Weekly Republican, Volume 36, Number 76, Rensselaer, Jasper County, 17 May 1904 — Overgrown Overdrafts. [ARTICLE]

Overgrown Overdrafts.

Reach the Enormous Total of Ovtr Three Hundred and Sixty Thousand Dollars.

Late Saturday afternoon Ae-ig- j nee Chapman filed etilt another | very interesting soheda'e of ‘'assets” of the MoCoy bank. It was a list of the overdrawn accounts of the depositors thereof. There are about 150 names on this list, and the sums they thus owe the bank range from a few dollars, or even oents to the one-sixth of a million, owed by T. J. MoCoy. Oq this list are many who have overdrawn their current aooounts, and are thus debtors to the bank in this way ind yet who have large sums deposited with th£ bank on time deposits. These people will be obliged to “dig op” and pay to the assignee the full amounts of these overdrafts and yet be 00m polled to aooept the same per oent. as the rest of the creditors on their time deposits. Tne most generally interesting of these overdrafts are eight by the partners in the bank, their near relatives or firms of their connection. They are as follows:

T. J. MoOoy $152,548 46 Alfred McCoy.. 86,594.06 Rena. Stook Farm .... 25 556,65 MoCoy, Son & Porter. 16,733 37 A.&T.J. MoCoy 4,330.82 A. L. Berkley 3,725.95 W. A. Rinehart 1,609.91 T, J. McCjy (Fry aoot) 579.33

Total 8 overdrafts $291,679.15 If to this total there be added the two A. MoCoy notea, aggregating $5636, and the two Rinehart notes of $2661.08, the grand total owed by the MoCjy family aud firms ia $299,976.23. And this doea not inolnda what is owed by MoCoy & McDonald, MoCoy & Tuteur and T. J. MjC jy & Dales Thompson as a firm. How much, if any of this enormoas total of practically $300,000 ia ojlieotible remains to be seen Presumably the Berkley aooount is good,aud perhaps that of MoCoy, Son & Porter, —through the Porter end of the firm however. The Stook Farm debt oaa also probably still be oolleoted, and if what baa been published of the vast and rioh landed estate in Missouri is true the Rinehart acoonnt ought also to be paid on presents tion. Thus it looks like $47,000 may be collected on these 8 over drafts. Ia addition to the eight overdrafts above mentioned, the following is a list of those of SIOO or more in amounts, leaving out the oente:

E. J. B. Alter $139 Joe Borntiager 200 R. P. Benjamin 102 Clint Brown 101 B. S. Fendig 1320 B. F. Ferguson 552 Joe Halligan 102 Judd Hayden 937 C. E. Hershman 273 A. G. Hardy 717 F. M. Hershman 119 J. F. Irwin..... 1034 Rep. Cj. Oen.Com 1591 Lee Jessup 106 Ike Eight 498 Eight Bros 458 Geo. P. Eetohum 171 Laßue Bros 8470 8. M. Laßue 414 F. B. Meyers 1855 1 Moody & Roth 723 Moore & Daugherty 963 W. H. Murray 415 J.J. Montgomery.... 115 MoCoy & Tuteur 1375 j T. J, MoCoy & D. Thompson 325 Jas. McDonald 255; J. A. McFarland 168 8, R. Niehols 1202 H. B. Parkisonv. 339 A. L.Padgett ......1727 J. R. Perkison 290 W.H. Rhoades.:. 191

E. 8. Rhoadß ’ 365 Rush & Warren .2488 Rowles & Parker 853 C. O. Starr 371 Jesse Bayler 167 Telephone Co 191 Warner Bros 447 A. D. Washburn... 133 G. M. Wilcox <fc Son 4a2 O. A. Yeoman 113 Total $26,189 This last list is decidedly gilt iedged goods, and the $'6,189 should easily net SIB,OOO or $20,000 for the oreditotp. •In addition to the above list there are about ICO over Jraf k. all less than SIOO, and Hmouotiug in all to ! about $3,000 or $4,000. i Tne grand total of ail the over- ' draft-* as giv* n in the official schedule, is $362,652.10.