St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-11-12
President Of the Exeter Gram
ite Bank Jailed.
EMBEZZLED THIRTY THOUSAND.
He Drove Fast Horses and
Built Electric Roads.
HIS RECENT WESTERN TRIP.
Captured by the Receivers
Clever Deeoy Letters.
HISTORY OF HIS DOWNFALL.

: BOSTON, Nov. u.-Warren F. Putnam,
president of the National Granite bank,
of Exeter, n. H..was late this afternoon
arrested at Young's hotel by United
States Deputy Marshal Gallope, charged
with the embezzlement of 1000. The
arrest was made at the instigaton of
Arthur 0. Fuller. of Exeter, the receiver
of the bank.
Mr.. Putnam has not been at Exeter
for month past. When arrested by
the United States authorities he said
that he had been out West and had just
returned.
Mr.. Putnam is charged directly with
the embeZZlement of a $500 bond of the
LeaYenwOrth Electric railroad This
latter embezzlement was the straw that
broke the camel'S back. it is said. 1t is
charged that between the 7th of April
and the nth of May of this yeaI that he
embezzled $4,000 more. In conversa-
tiOn with reporter in the United
States marshal's Office this afternoon,
Mr.. Putnam stated that he left Exeter
about month ago. Since that time he
has been in the West in the interests OF
viz Jain StL40 why 1NLuA AOh q Low
ago.
II have no lawyer" said he, land
must refuse to talk. l do not deny or
affirm anything, but will say that l am
very much surprised at my arrest"
He was arraigned before United States
Commissioner Sanger, and being unable
to furnish bail, was committed to jail.
NJ. F. Putnam was the president of
the National Bank of Exeter. which re-
Gently went into the hands of a receiver,
the cashier of the company, c. F. Bying-
ton, refusing at that time to keep the
bank open according to the orders of
the president. Mr.. Byington was upheld
in his course and the comptroller ap-
pointed Mr.. Fuller, well-known law
yer Of Exeter, as receiver.
Mr.. Putnam went to Exeter number
of years ago to become cashier of the
National bank there. He is a man of
very prepossesSing appearance, with a
handsome face aud excellent bearing,
and quickly pushed his way forward in
the bank, and ultimately he became its
president and owner of good part of
its stock. His only hobby or extra ex-
owning fast horses, his stables contain
ing dozen or more fine roadSters.
While conducting the Exeter bank he
became interested in number of out
side matters, one being the construction
of an electric road upon the White
mountains, and he was also interested,
it is understood, in number of enter
prises. He is about fifty years of age
and unmarried.
Arthur o. Fuller. the complainant. is
a man of about the same age as Mr..
Putnam. apparently. 1t was through
decoy letters and kilograms that the
whereabouts of Mr.. Putnam were dis
covered. When he was located at
Young's hotel. Boston, Mr. Fuller
started at once for the city, and arrived
in town this morning. He went to the
United States court, and a warrant for
Putnam's arrest was sworn out by
United States Commissioner Sawyer
and Deputy Marshal Gallope. They
ran across him on Milk street and the
arrest was made with little trouble, be-
yond the emphatic expressions of sur
prise and Indignation made by the ar
rested man.