Daily Kennebec journal., 1893-11-14
sans fssss ssss,ss.


Erxrxx. y. H. Nos. I1-warrsn 2.
pnsa2s,. president Of tAe NAs;oeal Granite
Stsle bank Of shis city. was arrested In
Bns.en hy uass<a Sssfes Dspasy Mar
sAal 6alla1pe ca aehars~ cf emhezxiiax
xnoat 81. coo trcsn sAs fands ot sAAs ssssS-
trfi0c.
TIE arrest Vas snAse q the inssigAsioa
as Arshar O Fuller. . lawyer ct Exssae.
aaA the present r~ceirsr ss tie eAnk- Pas-
nxna hss ncs sren In Exeter ssns< shs tosA
es 0esehsr LAST. whsn b. len without say-
leg aae xart TO the osfsesals of the hAak In
r-Esxssa 10 his destination o< his rssarn-
Essssr p~vytr have had a ssssteson al
sloaS sisee tho hasx ps>s<sl iasc the
hasss- sf Receiver fE.irs sAst al vas acs
right ~hea Putnam held sssy. Even BE-
FIRE tee hsnk failed IN July nAay tnti-
rrases. that be vss eisAcn~Ss. and - . ~
sast tie eepostt. d-ereasci mAs<r.Asiy.
When thr >allaos~ cane th-re were snfas-
,hing Ike 3s a~pesssors ia the iaskitassSn
aasi ahozs 81, ,a.a standing 10 tAssr ersSis,
Tbs ASSETS ~sil probably ngaru up sone~
tang Axs seo. oo1
puEsans's ~iidcas ysexas,al iarsss n<nsA
ais zesiscs Of bsskiax as<taas4s Aad his
ssaen~ss .sf iaxarioas lits bad much to do
with has aawr,ail and tbs osnk's aallarr
He X b-sessisr. sacuSa people here say
tsas aastzr the laws o. the state Of New
forA he wga.a Be aaassGlsrrd . married
nzAa-
WsA rrastea ~ All
Putnam eAsEs here ahoss . score et
yssrs ago. sacrsrdsn a. cashier Of IA.
eiraaise STATE hsak Apglesea Saats. vho
departed foe S-lnth Azsert1a ~lsh stCs,ssa
OF ~ hef peVpiss Es.laey ~aisR be has
newer rsturnei, lor LAS 1e ever eszze back
Before coming hsrs Pa'nsr seTv~a -
eizrx Ia the Firss National haAk af
Lowell, Mass. aad Ief1 because af failing
hesirh. he then worked far a time with
an Accountant Ia Boston, For IS ysars be
served ~ cashier In the bark aerr. aasi
did bis work ~ well that be sss tznsted
by all
whsa be r~eriveil his prensosiaa 70 ,hs
posattaG Of prs-Nteni be xr~s pessEoas, and
began ta xvs Alnase.f ssgsFaily aisgl<rsi
lie seemed To have hesosss afsasns, and
sssan making raj estate 2archas~s which
appeared 30 ar good tavessnaeats, bought
az cisi homestead here valued a: aboat
So, dssl. a.d purchased hegses aad cattle At
raadsSn- On his small farm b. nov has
ahoa. Is syeeiy gated, wes-fed animals
doing na1Aina bat eating thsiF hsG.s
OF
His family Of three Years ago. consisting
es father. asoshsr and sisssr. care here
from Lowell Mas. To live.
rrsass~s Came La . naaeh-
whsn Putnsas's troubles Hrss appeared
Iazs Jaiy, they caaae nos ia sinzte die. bus
VI hattalioa. Aa4 foe time be had tbs
sympathy OF searty every oae Ia towaA
HA nsather aird. aad hls sister bsesue a
hsi3less tnValia thrsazh a paralysse shock
Just before the bank went ase.sr nssy
sf hi. securities. which we're eoasilterr,i
xs,as.. became worthless. aad 20 those who
knew Of bis dealinx. IL b~eane evident
thst ne sss in fnaaeial straits He h&i .
g-sii mine seTses here IN Nova Scotia
weich be thought he owned. but be foand
shas other Stockholders bad beaten him
out 5f lE.
He lad Invested wildly ia soas far west
era electric street railway stock. of which
he kuew practically 1otkiax. and also hsli
a Texas cattle tansh, IA which deal he
tissead Professor Wentworth ef PhisliDs
Exeter, shs lafs Jufzs Ssiexnsy, sA--ens-
tar Chase az klGgston- Rev w A. Patton
x Einxston and ethrrs. Everybody ln the
deal Iast. and lost heavily
AL Of hi- property here, sxzreGstirz in
vaIas about 81. 0s3. sAs foaad 20 oe ksasffy
ulartassed. principally TO Is FFaak Fai-
.orl II Strsthtm. * president of ths
GraaIte -ts5e haak. aad the taxes ~ers
not pa.d On any et /; tail after TIE yTepsrty
sas advertised for sale By the collector.
The mortgages ca Sssriy all Il Put
mans property savs h.ss within the past
few Gay. aad bis rsgsAiatug property hAs
been atfacha,i fgr more thsa its fall value.