Rensselaer Semi-Weekly Republican, Volume 40, Number 39, Rensselaer, Jasper County, 21 January 1908 — W. H. CHEADLE IS BANK TRUSTEE [ARTICLE]

W. H. CHEADLE IS BANK TRUSTEE

Jasper Guy Gets Only 25 Votes Out of Total of 219. Mr. Cheadle a Well Qualified Man. Remington, Ind., Jan. 1908— Saturday was a busy day in Remington. Several hundred creditors of the Bank of Remington were Uptown for the purpose of filing claims and voting for a Trustee. Ifeferee Bowers catne at 10 o’clock and making the Bank of Remington his office received claims until noon. At 2 o’clock the meeting to elect a Trustee was called at Townsend’s hall. Judge Darroch, of Kentland, was present in the interest of some at the creditors and especially assisting Will Cheadle, candidate for Trustee. There was a considerable misunderstanding as to the manner of voting. Many had signed a form of vote at Mr. Cheadle's headquarters and Mr. Guy had a printed form of vote which his supporters had signed. Mr. W. C. Smalley, another candidate had ballots printed similar to those used in ordinary conventions. HKeree Bowers killed all these p&ns by announcing that the

names of creditors, whose claims hsd been properly filed and allowed, iraild be caUsd together with the amount of their deposits. The pttsons so called answefedby namii» their choice for Trustee. In his preliminary remarks Judge Bowers stated that preferred creditors would nob be permitted to vote. This caused quite a stir and quite a number of persons were seen to leave the room unceremon ioutiy. •' Bpbert May, one oi the heaviest losers, was not present when his name was called. He is a brother-in-law of Jasper Guy and the oppqffing forces breathed easier when hdfoiled to respond to the roll-call. 3 Robert May however was prefind voted for Mr, Guy but the not of her claim was vary small as compared to that of her husband. 1 A number of claims had been filed based upon Building and Loan certificates. It seems that Mr. Parker had put out these certificates in«place of the regular certificates of deposit used by his bank. They arp signed by Henry Phelps, Trees urer, and it is said that the Building and authorities had not authorized these certificates and knew nothing of them. Mr. Bowers excluded all such claims . and refused to permit such persons to'vote. The creditors were fully alive to the importance of selecting a dis interested person for Trustee. Many felt that inasmuch as Mr. Guy had been Parker’s attorney for years and that his name appeared as attorney for Parker in the petition in bankruptcy filed in the United States District Court at Indianapolis together with the fact that Guy held notes turned over to him the day the bank failed and which notes he has since sought to collect, all pointed to the fact that he bore such, relations to the Bank and Mr. Parker that he could not be a disinterested Trustee. Other things entered into Guy’s* defeat which is a hard blow to him. Mr. Cheadle is a man well qualified to handle the assets of the Bank and can be counted on to dig into the many peculiar transactions of Mr. Parker especially Iri preferring certain creditors. Unless many deals are uncovered there will “be little left for the creditors in general.