Rensselaer Semi-Weekly Republican, Volume 36, Number 91, Rensselaer, Jasper County, 8 July 1904 — The Bankrupcty Proceedings. [ARTICLE]

The Bankrupcty Proceedings.

Tuesday was the day set for hearing of the petition of Lafayette parties for declaring A. MoOoy & Co., as a firm and each of them as individuals ns bankrupts. Neither of the MoOoys appeared, and under the law they are given five days more, or until next Monday, in whioh to appear and make answer or admit their insolvency. In oase they do not appear or if they appear and admit their insolvency, the bankruptcy order will be issued by Judge Anderson, and the oase turned over Referee J. O. Bowers, of Hammond, for settlement. As a matter of faot the McCoys will make no attempt to fight the bankruptcy petition, for it would be useless to do so, and eqnally useless for anyone else to attempt to oppose it. If even the Lafayette petitioners were now to desire t d have the petition dismissed, they oonld not do bo nnless they first notified every creditor, of the bank and of the MoOoys individually; a manifest impossibility. Therefore, as already stated, the oase is sure to go on through the bankruptcy prooess.