Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1904-06-11
COURT HEARING SPECIAL CUES.
TIoNs IN LOAN AND BUILDING
SUIT.
INDEBTEDNESS is $4,000
Amounts Borrowed From Bank and
individuals still Unpaid Is Nearly
$ss,ooo-lntereat VIII Amount Ap-
proxlmateIy 10 $4,000.

From Fridays Daily.
While no decisive steps have yet
been taken there Is probability that
the Ottumwa Loan & Building cases
upon which Judge Robert Sloan gave
his decision yesterday will be ap-
pealed to the state supreme court.
This morning Judge Sloan held court
In the east room at the court house
and heard the arguments on a num-
Der OF special questions In relation to
the case
Special Questions.
Among the list of individuals
against whom judgments have been
ordered there are claimed to be
number upon whom personal notice
of the case was never served. Attor-
neys William McNett and w. ID. Tis.
dale as executors for the Hawley es-
tate claim that notice was never serv-
ed upon them in the case. The Judge
has stated from the bench that he
would not issue judgment against
any party upon whom notice was not
duly served.
The question of issuing judgments
against estates that have been settled
also came up and was discussed. No
decision has yet been rendered in this
matter and probably will not be for
several days. A ruling that will hold
! in the case of one estate will probably
not hold good in another and for that
reason each question will probably
have to be settled upon Its own mer-
Its.
| In the list of persons against whom
Judgments We're ordered Issued yester-
day by Judge Sloan the names Of many
Il tho,
in these cases it must be. understood
that the total sum for which these par
ties are liable Is the total of the sums
connected . meet wit, with these m namss i, q
The Total lndebtednl ss.
The total indebtedness which by the
decision Of Judge Sloan The share
holders must make up is approximate
ly s46,000. Nearly $4,000 of this is
composed of sums borrowed by the as
sociation from the Ottumwa National
bank and from individuals. On these
sums interest at 6 and per cent has
been allowed and will amount to about
| $4,000. The expenses attached to the
receivership, the trial of the case and
] the final settlement, will bring up the
whole to approximately $4,000.
The following list will show proba-
bly, complete schedule of the larger
amounts of the Indebtedness of the
association at the preent time. Sever
al other sums that had been borrowed
have been satisfied since the appoint
ment of the receiver. In the schedule
as presented below the name given is
the party from whom the loans were
! secured by the association, Following
Is the amounts Of the loanss secured
with the rates of interest and the
dates upon which the loans were Sc
cured.
/ Schedule of Indebtedness.
Ottumwa National bank, $4,000, In
terest at Z per cent from August IA,
1901.
| Ottumwa National bank, $4,000, IN
terest at per cent from December 20,
4 1901.
4 George F. Hall, s3,26667. interest at
6 per cent, December 10, 1902.
H. B. Jones, estate, $1,302.31. inter-
est at 6 per cent, December 10, 1902.
J. T. Hackworth, $T,587,5l, interest
at s per cent. December 19, 1902.
George A. Miller, $7174.0S, interest
at per cent from December 10, 1902.
4 Cornelia Hall, $1,577.97, interest at
per cent. from December 10, 1902.
A. G. Harrow. $11,05701, interest at
z per cent from December 10, 1902.
Ottumwa National bank, overdraft,
: $565.35, from December 10, 1902.
| John Hetson. $1,0265O, interest at 9
per cent from February %, 1908.