Rensselaer Semi-Weekly Republican, Volume 36, Number 93, Rensselaer, Jasper County, 15 July 1904 — The McCoy Money In Chicago. [ARTICLE]

The McCoy Money In Chicago.

The Central Trust Company in Chicago, has been threatening to sell tbe MoCoy bank securities in its hands, to raise the balanoe still due them, some SB,OOO. J. H. Chapman, of this plaoe, and Lawyer Stuart, of Lafayette visited the bank, Monday, in regard to the matter. They now promiee to give reasonable notice before offering to sell the securities. In the meantime measures are being taken whioh will probably result in the debt all being paid in a few days, and the seourieties placed in the hands of the U. S. marshal for the benefit of the bank creditors. At Indianaplis Monday, Judge Anderson made to that end. Some $2,500 turned over by Trustee Chapman of the A. MoCoy & Co., funds will be used to pay the Central Trust Company, and the other $6,000 will be loaned as long as needed, by the First National Bank, of Lafayette, at 6 per cent, interest They are to be paid from the first available money coming into the hands of the receiver of the bank.