Rensselaer Semi-Weekly Republican, Volume 39, Number 21, Rensselaer, Jasper County, 13 November 1906 — Bowen Gets To Hog The Estate. [ARTICLE]

Bowen Gets To Hog The Estate.

Attorney Boyd & Julien mceived notification this morning that the United States District Court had reversed the decision -of the lower court in the ease of Abner T. Bowen Vs James Chapman trustee of the estate of A. and T. J. McCoy. Mr. Bowen had a note signed by A. McCoy & Co., and by Alfred McCoy and Thomas J. McCoy. He contended that he was a creditor of the estates of all three and thetrus tee held that he was a creditor oj the bank alone. Mr. Bowen appealed from Trustee Chapman and the lowor United States court ruled against him. Then he appealed to the higher and the reversal resulted. There were many of the creditors in the same position as A. T. Bowen but they accepted the ruling of Trustee Chapman and consequently lost. As the individual estates of the McCoys will pay about three times as much as the bank it will be seen that the decision means no small amount to Mr. Bowen.— Delphi Herald. In the absence of Trustee Chapman The Republican is unable to add much to the above statement of the Delphi paper. Bowen’s claims aggregated about $6,000, and under this decision he will get practically all of it, while the common creditors will have to get along as best they can with but little more than the 30 cents on rhe dollar they have already received. Anyhow, they can have the satisfaction of knowing that Trustee Chapman made the best fight for them that could be made. The grounds on which Bowen made his fight was that his transaction with the McCoys having been transacted in New York, the laws of that state should govern the MoCoys liability in the matter. It is not unlikely that Mr. Chapman will himself take an appeal from this decision, and carry the case to the U. 8. supreme court;