New Britain herald., 1924-08-13
PUTNAM BANK IS
 ABSOLUTELY RUINED
Continued from First Page,

an attorney and brother of the state
 treasurer, came here today and Aenl
 10 the Day-Kimball hospital to yisii
 his brother at the latteF's request ana
 10 talk matters over with him ana
 the members Of the family, lt wa'
 stated al the bank that Mr. Gilpatrie''
 condition was unchanged, He Wa,
 fully conscious and will be at less
 partly blinded for life, officials oI
 the bank said they had as yet re,
 eeived no assistance from the patient
 in nnrayeling the banks tangled af,
 fairs,
 Notwithstanding the disclosures of
 yesterday and today persons whn have suffered losses as denositors of
 the hank or who had entrusted funds
 10 the state treasurer in discussion
 of the situation elnng to The belief
 that Mir, Gilpairie was the victim of
 his own generous nature and his anxiety always to help those who came to him in need of aid.
 So far as could be aseertainci there Is no accurate knowledge 10 account for the disposition of the large part of The money known to have Leen lost. Neither the examiners nor the officials would offer any explanation if they know Of how the shortages had been covered up or how funds had been transferred to cover the transactions which have caused tho impairment of the banks funds. Ii had known that the Hartford prop erty in Mir. Gilpatrlc's transactions had been transferred several times between members of the family. But the reasons for the transfers had not been explained.
 s200,000 In Funds
 Investigation of the accounts of Gilpatric by individuals interested in various funds entrusted to him con- tinue. These funds aggregate about s20O, 900, 1t was understood.
 It had been supposed that a part of these funds were kept at the bank by Gilpatric, but the national bank examiners investigation was said to have uncovered little or nothing of the accounts in several instances.
 Gilpatric's books as state treasurer were said at the state capital at Hart ford to be in good condition.
 Gilpatric was the biggest man in this community professionally. poli- tically and socially, and acquaintances In all walks of life surprised by the | of last Thursday were shock ed today to learn of the shortage, and l 10 learn that investigation was being | made of possible forgeries in connec- ion with mortgage deeds that Gill oatric had given to friends who had given him large amounts of cash to invest for them.
 Officers of the bank said fl had been determined definitely that Liberty ponds and other securities that were ,asiy negotiable amounting to s262,- 100, were missing from the vaults. For LII of this. Gilpatric had given the ,ank's receipt as cashier.
 Bank Examiner N. s. Bean and his assistants were still at work on the books today to determine whether here were any shortages in the ac- and it was added that no in these accounts had 'een found to date.
 Personal Box Valueless
 The personal box of the state treas- rer the contents of which he was aid to have placed at more than 100000, was found to contain little value. ! Gilpatric, as the leading spirit of 1e community was treasurer of local lnds and trustee of local estates. as ! ell as custodian of moneys given him . formally by friends who sought his d ssistance. Among the local funds t lat he had in charge was one of $26,- DO subscribed recently for the Day imball hospital where he is pa ent. Fifteen thousand of this amount e as in Liberty bonds and with the ! scovery that Liberty bonds compris- II most of the missing securities from e e bank those interested in the hos |, tai sought to learn the status of that u nd. P He was trustee of the estate of the u te Mary Gardner, valued at sS5,000 a r which no final accounting has yet o en made. He was administrator un- r the will of the late Joseph Cutler s' a trust fund of s40,000 of which 5, 1000 was invested in Hartford real ate. James Donahue. druggist is derstood to have given him $25,000 invest in first mortgage recently ,er he had received from Gilpatric deed covering certain property in rtford already heavily mortgaged. ere is no record of this mortgage
 file at Hartford and this was one the subjects of special inquiry to- y. Other persons who had given patric money for mortgage pur- ses also were endeavoring to learn , status of their funds.
 Was Trusted By All t seemed as if every one in Put n had brought their money to Gil- rc to invest. Rich men and poor n alike gave him their confidence, when it was announced that he l shot himself, leaving a note for
 wife saying that his affairs were ,avily involved it was believed t his troubles were only temporary relatively trivial and that his act } that of man overly conscien- IS.
 he revelations of the last day or , however, has caused such a gen. examination into the standing of Datric's personal accounts with To- institutions and individuals that it 7 be weeks before the general re-
 is known. With the word of