Rensselaer Semi-Weekly Republican, Volume 37, Number 22, Rensselaer, Jasper County, 21 March 1905 — Jack Esson Gets the Land. [ARTICLE]

Jack Esson Gets the Land.

Tom Kicked Up His Heels and Hiked. The special called m«-ti g cf the M<C y ireditors was by Ref rea Bjwer*. last -'aturday foreno n, in the < ffiie of h- resider.t trus ie, J. H- Chapman, but nd journed bt oi ce to the court r< om f< r more io„m.

One of the principd oljmts ’<t the meeting whs as stated, to examine the bankrupts end T. J. McCoy b-ing eviden’ly tbe one vho e txatnindun w<a thought desirable. By some mieu-der-st u ndirg the Referee had net served Tom with no ice to be j. resent, until Friday when Officer Vick [ went up to tbe stock yards and served him. Tom came down on the evening train, and stayed all night, and having learned from bis attorneys that he was not legally bound to attend unless first given five days notice be snapped bis firgers at the whole pu->h and hiked back to Chicago nex morning.

Ati adjourned sees : on of the meeting will be held on April 3rd to enable Tom to be given his full length of noti e. The sale of the Jordan land was the most important business dspcstd oL The bids of Wm. and James Hill, of Madison, Poitr and Fow'er, of Lafayette, and John Eason, of Brook, wiih the jrovisional sale to the Hills, were sub mitted by the trustee On motion of D. W. Simms, of Lafayette, the Esfou bid. being the highest, was accepted and deeds ordered made to him. He gets 1878 acres at $62 per acre, and 120 acres at S3O per acts. In all 1,998 acres at a to’al price of $126,280 The price is about S3OOO above what the Hil's were to have paid. The question cf whether the Lafayet e and o'her bank creditors will have a right to participate in all the e-tates.ttiat is in that cf the banking firm of A. McCoy & Co. also in those of Alfred and Thomas J McCoy individually. They claim that the notis they bold, being signed by A. McCoy & Company as a firm and by e ch of the two members individually was argued pro and con that thus this gives them a “whack” at each of the three bankrupt estates, on equal terms with all the other creditors of estates. Which would mean that they would get their money in full, whether the other creditors get anything or not The referee did not decide the point, but intimated pretty plainly that he thought the law would sustain their claims. He will r uder his deoission on this point at the adjourned hearing on April 3rd Probably whichever way he decides some one will appeal from his deoesion to Judgs Anderson.

Another matter that was coneid ered but not concluded was in reference to certain notes and m rtgages, amounting in the aggregate to tome $40,000 said to have b en given to the banking firm eight or ten years ago, to cover Tom’ overdrafts at that time accumulated . These, mortgages were nevt r recorded and they and the notes have disappeared Nothing definite was determined on this point The matter of the sale <f the remaining 235 acres of Jordan jand now bid for by Carr Brothers s still in the hands of the trustee, Stuast and Simms of Stuar 1 , Hammond and Simms of Lafay ette represented the Merchants National Bank of Lafayette, at the hearing and CJ A. Orth Behm also of Lafayette represented the Mulberry bank with its SIO,OOO claim and Jack Oortright of Delphi represented the Bowens. Col Behm was in a great hurry to have Referee Bowers rule on the points at issue claiming that a few tups up here by him would soon eat up the slo.ooo,Practically the entire local bar was also present and lepresentiog various claimants