Rensselaer Semi-Weekly Republican, Volume 38, Number 20, Rensselaer, Jasper County, 31 October 1905 — THE A. McCOY CHECKS HERE [ARTICLE]

THE A. McCOY CHECKS HERE

Trustee Chapman has received and is handing out, as fast as called for, the checks for the 40 per cent, dividend in the A. McCoy estate. These checks range in amount from less than a dollar to one for nearly $25,000. This is payable to Trustee Chapman himself, and is for the benefit of the A. McCby & Co., fund. It represents 40 per cent of Uncle Mac’s debt to the bank when it failed; which indebtedness was in the form mostly of an overdrawn bank account, A still larger check than this is one drawn against Tam’s estate. It is for $33,620, and represents that much of what Tom was found to be owing the bank, on his ten year old farm mortgage. The total of his debt is $37,620, but whether the other $4,000 will be collected depends on certain matters now in litigation. The proceeds of both these large checks have been turned into the A. McCoy & Co., fund, and it is from them that the biggest part of the 20 per cent to be paid now was derived.