Putnam patriot., 1913-08-29
NO 35
windham County Savings Bank Files
 Answer.

Answer.
 Attorneys for the Windham County Savings Bank of Danielsen have filed its answer to the allegations of Bank. Commissioners, Norris $. dppitt and Fred r. Holt Ii is as follows:
 ANSWER.
 1. Paragraph of the complaint is admitted and paragraph of the com plaint is admitted except insofar ias 1t ayers that the defendant is restrained from conducting savings bank, which averment is denied.
 In answer to paragraph the defend ant denies that there has been any for feiture of the charter of the defend- ant, that there has been n failure to conduct savings bank, that there has been long continued insolvency, that there is inability to resume the bust- ness of savings bank, and that the public is in danger of being defrsuded by the defendant, and as to the opinion of the petitioners that the defendant has not any knowledge or information thereof sufficient to form belief, and as 10 the allegations of insolvency and inability to continue business, the de fendant answers more specifically and says that said bank for a long time has been and now Is entirely solvent, that it's financial condition is and for long time has been improving, that its securities with few exceptions are of the choicest character.
 3, In answer to the more specific statement filed Aug. i5, 1918, (a) the defendant has not any Knowledge or information of the opinions of the pe- titioners sufficient to form belief, and (hl as to the other allegations thereof, so far as said allegations are averments of fact, and not of opinion, reasoning or inference (which allegations are in paragraphs not,numbered and which the defendant cannot otherwise des- ignatel, each and every of said al- legations Is denied except the sllega- tion that on former occasion (about 30 years ago, when, the defendant says, none of the present officials were officers of said bank) the deposits in the defendant bank were scaled, which Is admitted; and (e) while the defendant denies that certain Of it's of- ficers have become and have long re- mained borrowers of its funds, and that there has been any concealment, | for further answer the defendant says 1 that if loans have been made to third persons as averred in certain para graph not numbered which the de. fendant cannot otherwise designate Gall other averments of said para graph being hereby denied) said loans were made and continued with the full knowledge of and without the disapproval of the present bank com missioners or their predecessors In office, and said bank has never at any time either by the present commission CTS or their predecessors been directed or requested to call in such loans, and no loss ever has resulted to said bank from such loans and such loans as are still outstanding are each and every of them amply secured by good and sufficient collateral and the borrowers in each instance are ready, able and willing to pay said loans upon call; and (d) while the defendant denies that it manifests no intention or de- sire to change it's management or modify it's past policies, for further answer the defendant says that on or about May 5, 1913, the defendant, through It's attorneys, communicated plans for changing it's policies and management to the bank commission- CTS, and that at its annual meeting, which was held within the past two months, seventeen new corporators and five new directors were elected for the descendant, all being citizens of eastern Connecticut of the highest character and standing, and that said annual meeting was not adjourned sine die, but has been kept open SO that any change of management or modification Of past policies that may be ordered, recommendedio suggested by this court, or any judge thereof, may be immediately, effectively and promptly put into force, effect and operation.
 The Defendant,
 by HARRY r. BACK, SEARL5
 AND RUSSELL.
 It's Attorneys.