Rensselaer Semi-Weekly Republican, Volume 40, Number 70, Rensselaer, Jasper County, 5 May 1908 — John F. Judy Loser in Suit. [ARTICLE]

John F. Judy Loser in Suit.

Frank M. Coovert, former treasurer of Newton county, and who sustained such extensive losses by the failure of the Rosleawn and Goodland banks that he was bankrupt and his bondsmen had to help him repay the county money that he had on deposit, has just secured a judgment for $2,300 against John F. Judy. Judy and Jesse Fry were partners in the Roselawn bank, and it was on the strength of Judy’s financial backing that Mr. Coovert deposited the money there. Judy finally got out of the bank, rather on the quiet, so Mr. Coovert claimed, and when the crash came it caught him for the deposit, and for the amount lost and then he sued Judy for the amount lost and the case was tried before Judge Wasnn at Monticello, and a judgment for the amount was rendered, together with interest at the rate of 6 per cent frojn the date of the bank’s failure. / It is Mr. Coovert’s expressed intention to repay his bondsmen the first thing he does if the judgment is paid, but it is expected that Judy will not give up until he has had a hearing in the higher court.