Putnam patriot., 1924-09-26
BANK DEFALCATIONS
 FIXED AT S455,o14


 Continued from Page One) surplus of the new bank shall be S225, ,000 The committee feels that
 this sum can be raised to start the new bank.
 The Comptroller also wishes the
 new bank to take over the old bank
 building and it's contents. IL Is
 valued at almost si04, ,000. It is pro
 posed that a company be formed to
 buy the structure and contents and
 lease 1t for long term of years to
 the new bank. The question arises Can this be done and the rental be
 within the ability of the new bank to pay with complete fairness to the
 stockholders?
 Legal Question Arises 4 third condition laid down by the 1 Comptroller k that the new bank take over the good assets of the old bank. i This is highly desirable on the part l of the proposed new bank. for it would provide # at once with loans | to an amount estimated at between 5000 900 and s700, ,000 Experienced bankers see legal difficulties or much delay in accomplishing this third de- sirable thing. However, it is hoped that the Comptroller knows a way out of the difficulty and will come to the assistance of the committee, when he is advised of this and the other problems which now puzzle the new bank committee
 The situation will be taken up at once with the Comptroller and a modi. Heation of the first plan may result or Ar. Dawes, with his wealth of ex- perience. may show the committee how his original stipuiations may be carried out speedily and with ahso- iute safety Co the new bank
 .dr. talpatric was not arfaigned in the United States District court at New Haven on Tuesday of this week ag scheduled but Attorney William 4. King of Nillimantic, counsel for Mr. dllpatric, agreed to have the banker in court on Monday October 6.
 The Gilpatric case was called in the afternoon Tuesday. Assistant Dis trict Attorney George Cohen in a statement to the court said that Att torney King told him that 1t had been deemed inadvisable for Mr. Gilpatrie to appear in court The lawyer for Mir. Gilpatric had shown a certificate signed by Dr. $. B. Overlook of Pom fret, in which the physician stated that his patients condition was such that the ordeal of the trip from Put nam and the arraignment in court would be too much of an undertak- l ing for him in his present weakened condition.
 Attorney King supplemented the 1 statement of the doctor with the in- l formation that he had seen Mir. Gil | patric only few days before. and | though he was able to get around the house. the self-infieted bullet wound in his head had not yet healed, and he k etill under the care of train ed nurse.
 District Attorney Cohen urged that the case be assigned for an early hear ing. On suggestion of Mr. King. Judge Thomas assigned the trial for noon on October (, at which time the Willimantie lawyer promised to have the blind banker in court.
 Tn statement to the court At terney Cohen reviewed the case and mentioned that the May grand jury, in session in Hartford on Monday of this week. had returned an indictment against Gilpatric. charging him with | thirty nine counts of embezzlcment. covering total of nearly $500 900 alleged to have been taken from the l First National bank here. The maxi mum prison sentence if the accused were found guilty on all counts would amount to l95 years.
 press despatch with a New Haven
 date line of Tuesday. tells of the proceedings at the court. and quot
 es Attorney King as stating after the
 session that he believed the former
 treasurer would be able to see to
 some extent eventually.
 Attorney King has since denied making this statement and declares . that he has been misquoted He , continues that the statement which he did make was Co the effect that ] he does not believe that Gilpatrir knows that he is blind Furthermore he said that from what physicians ! had told him he had no reason to think otherwise than that the forme- official had been permanently blinded by the shot which he intended should end his life
 Dr Overlook has told The Patriot that there have been no new de velopments which would cause him tC
 retraet his statement that GilpatriS ! has lost his sight forever. Thi. opinion is also held by Dr, Buuough' of Darfplsau whn aNauoinpd f,flunf