Putnam patriot., 1924-12-05
FILE MANY CLAIMS AGAINST GMPATRIC
Larger Ceditors Include First
 Natio,al Bank, S250, GOO
More Thal $ioo. 900 in Endsrsed
 Iotcs Presented

The frsahenriug on the bankrupt estate Of C Harold Gilnatric, former cashier of he First National Bank who was ajudicated a bankrupt in the U <. Ditrict Court November F.. on an involuntary petition fled octo- Der 2q by Hnnie F.. Barber. admins tratrix of tk estate of Mary Gardner of Putnam. was held before Edward NJ. Ycoman. referee in bankruptcy. at Hartfora. Monday. An unusual feature of he hearing was the ah- senee of thebankrupt. usually ordered Co be preSen for examination by cred itors. No ae represented the bank rupt and only three creditors were represented at the hearing.
 Bank Receiver Presents Claim
 George \. Coffin, receiver of the First National Bank of Putnam; Law renee A. Howard. lawyer for the Unit ed States Fidelity & Guaranty Co. and Charles A. Hunter, assistant treasurer of the Hartford -Connecticut Trust Co.,, presenting he majority of claims against the Gilpatrie estate. elected Arthur E. Howard, Jr., trustee.
 The proof of claim presented by Re ceiver Coffin sets forth that C. Harold Gilpatrie. former cashier, is indebted 10 the First National Bank of Putnam in the sum q S250.0o0, the consldera- ton being various acts of emhezzle- ment. miSap1ication of funds, and vi- olation of the National Banking Act. and that the bank has further claims of many thousands of dollars. which are not at present. possible Of deter imitation.
 The claim of the Hartford.Connec- ticut Trust Ca. consists of q promisory note signed by Mir Gilpatrie in the sum ot sll.e00, to run ninety days from July l6, 1924. IL was secured by ninety shares of the First National Bank of Putnam. now without value, together with .000 shares of Davis Daiy Copper Co valued at $500. and three shares of Home Insurance Co, valued at Sl ,464 The Hartford Con neeticut Trust Ce also holds a prom issory note to run three months from June l6. 1924. signed by ]. J. Burns of Hartford and endorsed by Gilpatrie, which Is overdue at the First National bank or fuInAN.
 The claim presented by Lawyer Howard in behalf of the United States Fidelity & Guaranty Co. iS for $22.- i15.06, being Sl5.000 cash paid on bond 10 the First National Bank of Putnam, and the remainder liability on the bond to the estate of Joseph W. Cutler of Putnam.
 Schedule of Assets
 The property of the former cashier, as listed in the bankruptcy schedules, shows equities in real estate in Hart ford and Putnam estimated at Sloo, GOO. together with cash, SI00i auto mobile. STO0: interest in bowling alley in Putnam, $500; i97 shares of Put nam Woolen Company. pledged si9.- roo. Aa9 shares of Whipple < Gilpat- rie Co.,, s44. .an0 AIS shares of A. Gil man. Inc. pledged. S44,s0a; holdings in Robert Machine Company and Mon son Worsted Company. amount and value unknown; collateral in Hart ford Connecticut Trust Company Sl,. TOO. and debts due. S2.593.
 c. Harold Oiiipatrie was adludleated bankrupt in the United States district court on November i3, on an insoluH- tary petition flied October 90 by Fan nie F.. Barber. administratrix of the estate of Mary Gardner of Putnam.
 Withdrew Money
 The petition states that Gilpatric was executor of the will of Mary Gardner from July. 1920, until his re- moval by the probate court on Sep tember l3. 1924. and that during that time he withdrew from various sav- ings banks sums of money exceeding Sl0.000 belonging to the estate, and converted these tO his own use. It Is stated that the withdrawals were from the Putnam Savings Bank of 5000 on December 20, 1923. and S2,60o on June 6, 1924, and from the Society for Say ings. Hartford. of S2,5Oi.4O on Decem- Der l, 1920.
 IL is also asserted in the petition that Gilpatric committed an act of in that being iaselseHt, he assigned and transferred, on Au- gust f4. 1924, all of his property Co one of his creditors. the First Ma tional Bank of Putnam, with the in' tent to prefer such creditors over his other creditors.
 IL is stated that the property as signed and transferred on that date consisted of 449 shares of the Whip. pie & Gilpatrie Corporation, two tracts of land in Putnam and other holdings.
 Larger Unsecured Claims
 Ir the schedules showing the list of creditors, the city of Putnam. witt tax claims of $i65.33, is the only one having priority. Creditors with un' secured claims are listed as fololws First National Bank of Putnam. la bilities for loans and defaults. S5Oo,' 000. and assessments on 100 shares Of Putnam National Bank stock, SlO 900: Gardner estate. unknowni estate of Joseph W. Cutler Of Putnam United States Fidelity < Guaranty Co. and Royal Indemnity Company bondsmen, 34,765.06, Southern New England Telephone Company, sl,sOo
 Among Small Claims
 The smaller unsecured claims in'