Rensselaer Semi-Weekly Republican, Volume 37, Number 101, Rensselaer, Jasper County, 1 August 1905 — Sold Agin and Got the Tin [ARTICLE]

Sold Agin and Got the Tin

And A Mighty Dole To Pot it la. The final acts in the sale of the McCoy lands in Jordan township were consummated Thursday afternoon, at Hammond, before Hon, .John O, Bowers. Referee in Bankruptcy. He went over the matter carefully saw, that everything was in proper shape, and then approved the sale of the property to William Hill, es Madison, Ind. The entire property sold for $120,036 and $1071.25 interest or sl2l, 107.25 in all. Of this sum SIO,OOO had been paid before, to bind the oontract. leaving slll, 107.25 ;o be paid Thursday* This was paid by Mr, Hill in certified obecks.

The wives of toe bankrupts had signed the deeds and their one fifth under the law, was paid direct to their attorneys, Haywood & McHugh, of Lafayette, who were present. They received at this time $17,825.30 Or one fifth of the proceeds of all the land except 400 acres, whioh sold for $24 956,85. As already stated, the question of which fund this 400 acres belongs to is in litigation, and if it be decided that this land belonged to A. McCoy & Co. their wives will get no part of its proceeds, otherwise they will get the one fifth. The $17,825,30 received by the wives Thursday ( will be about divided equally between Mrs, Alfred MoCoy and Mrs. T -J McCoy, the former receiving a few hundred dollars the most.

The net amount paid to Trustee Chapman Thursday was $93,031 95. All of this except the s24* 956,85 in litigation will be about equally divided between the Alfred and the Tom estates.

Regarding the time when a dividend oan be declared among the band depositors, little oan be add ed to what we recently stated, In the estate of A. MoUoy & banking Arm proper, the trastee only has about $25,000 or scarcely more than enough for a five per oent dividend on that firm’s liabilities alone, and there are many knotty points to be settled before any of the money in the A. McCoy and the T. J. McCoy estates oan be available to pay the bank company creditors with.