Putnam patriot., 1924-08-15
Comptroller Appoints Receiuer
 for Bank Shortage S262, 1000 Onel
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the banks affairs and present condi. ton. He stated today that nothing had come Co his attention that dis closed the necessity of the state at torney's office for Windham county to proceed against anyone connected with the bank or any of it's affairs.
 Not Gilpstrie's Signature
 It was learned from reliable source today that there has been dis covered among the papers of MT. Gil patric q note for S35,000. payable to C. Harold Gilpatric as trustee of the trust fund set up by the late Joseph Cutler for his daughter, Miss Annie Cutler. The note Is not signed by MT. Gilpatric. Whose signature it Is, however, could not be learned. lt Is stated, however, that the note appears ,o be worth it's face value and there fore the trust fund Is not in danger of losing anything by reason of the note. The mortgage deed. said to have been given on Hartford property, can not be found. But this fact is also not conclusive of wrongdoing, as the deed may yet be found among the eff fleets of Mir. Gilpatrie yet to be found.
 Refuse To hake Statement
 From the moment that the bank opened it's doors as usual on Friday morning, until the institution was closed for good by vote of directors Tuesday morning. directors and off, cials have consistently refused to make any sort of n public statement showing the status af the bank They were pleaded with by depositoss and others who had right to know how the institution stood. But all that was forthcoming was the reiterated statement thnt "The bank is solvent and capable of meeting all its obliga- tious
 There was decided run on the bank during Saturday morning, say iugs accounts being particularly a. fecfch by the continued absence of a definite statement of faets concerning the bank
 In the meantime directors of the baHb held frequent meetings, but What they discussed and what they decided to dc was not made public.
 Decided Run" Starts
 The bank opened at the usual hour an Monday morning A crowd gath. cred within few minutes and a line of about fifteen people assembled be- fore the savings department. People were withdrawing their money. Some took away sizeable piles of bills. 9th CTS did not have as much on deposit. but they were withdrawing all that they had l. was serious-faeed group of people, not excited or un- strung, but taking & natural preeau- tion in the face of the uncommunica- tive statement that the bank was sol vent Business in the commercial iehecking) department was stated to have been normal during the day, with deposits and withdrawals about as usual for . Mondays business. IL was reported that one of the banks heaviest depOsitors made a 100 per cent withdrawal during the day. The run on the savings department con- tinued throughout the day, and IS re ported to have totalled approximately S75.000.
 In Session Eight Hours
 The directors held meeting in the forenoon. lasting two hours. In the afternoon they met again, ad- journing around 6 o'clock and recon veuing at about X o'clock They re- mained in session until shortly after 10 o'clock. Everyone realized that something of major importance was forcing the directors to hold three meetings in one day, each Of which lasted hours in length. Everyone hoped they would break their silence and tell something about the bank, so that even the worst fears might be satisfied. But their silence was Sphinx-iike. They had nothing Co say and their continued refusal to diynlge any information to the people who had money in the bank, greatly in creased everyone's fears.
 Long before the scheduled hour of opening the bank Tuesday morning at 9 o'clock, a crowd had gathered before the front door It was easily Go be seen that they were there for the purpose of withdrawing their funds. They said little 10 one an- other and decidedly sober eNpres- sion covered everyone's face.
 Delay Bank Opening Hour
 At 9 o'clock Charles II Brown, president of the bank. stepped Co the front door and told those who were waiting tu go inside that the bank .would be ready to do business at 10 .o'clocAuIhis pronouncement greatly agitateNrh Suudours iaey sl,sinal,o fears sNs;.. Hax. Mir Baker was set