Rensselaer Semi-Weekly Republican, Volume 40, Number 52, Rensselaer, Jasper County, 6 March 1908 — McCOY DIVIDEND IS 6 PER CENT [ARTICLE]

McCOY DIVIDEND IS 6 PER CENT

1 A Total of 44 Cents on tbe Dollar Has Now Been Paid. Checks Now Ready. Trustee Chapman and Referee Bowers found that the money they had on hand for the A. McCoy & Co. creditors was sufficient to justify a 6 per cent dividend, and the order to do this was issued following the call for the meeting of the creditors at the referee’s office In Hammond on Feb. 25th, but Judge Anderson of the federal court issued a restraining order until he investigated a complaint from the Bowens, which Referee Chapman went to Indianaplis to see about. It was soon decided that the claim made by the Bowers had nothing to do with this settlemnet and so the checks were made in favor of the creditors and are now available at the office of the trusete, J. H. Chapman. This makes a total of 44 cents on the dollar that has been paid In the A. McCoy & Co. bank matters, and there is quite certain to be a further dividend of between two and three cents, but this will not be available until certain outstanding and agreed upon accounts are settled, and this will not be for more than two years, 'O that creditors can eventually expect a little more, but Jhe present dividend is all that will be available for a long timer It is the consensus of opinion here that the bank affairs were very capably handled by Mr. Chapman.