Rensselaer Semi-Weekly Republican, Volume 38, Number 49, Rensselaer, Jasper County, 6 March 1906 — The Judge On Frenzied Finance. [ARTICLE]

The Judge On Frenzied Finance.

A series of articles has been started in a local paper on the Me Coy family and the bank failure, which promises some rather interesting revelations if the pace set by the first article is kept up. No name is attached to the articles, but both the nature of the assertions made and the literary style, make it very easy to recognize the author as Judge S. P. Thompson. The Judge seems to have followed the old saying on “never spoil a good story (or a bad one either) for relations’sake.” He takes the ground that not only Tom, knew the bank was insolvent long before it closed, and which everybody now believes, tut that Uncle Alfred also knew it, aud "deliberately planned to get things in shape to save every possible dollar for himself and family. Tn this last view we think it fair to state that there are still many who believe that Uncle Mac did not know of the desperate condition Tom’s extravagance and bad managements had got the bank into, until a very short time before it closed. Though that does not prevent a universal condemnation of the course of the whole family since the failure in trying to hog every possible dollar they can from the estates. Another matter strongly hinted upon by the .Judge in his article, is that pertain relativas ot the Mc-“ Cojs. had timely tips of the intended closing of the bank, and get their money out in ample time. If that was the case, they seem to have forgotten that the Judge himoelf is a relative, for he got caught to the extent of about $5,000 or more in the failure.