Putnam patriot., 1924-08-22
MIR. BULLARD SPEAKS
Denies That He Was Associated, Busi.
 ness Wise, With Mir. Gilpatrie

Denying that he is in any way iu- volved in the Harold Gilpatric tan gle. W. Irving Builard of Boston and Danielson, characterized as false pub lished statements to the effect that he Lad disappeared following the at tempt of Mr. Giipatrie Co kill himself. When Mr Buliard and members of his family went on a week 5 motoring trip
 trough the Adiroudaeks soon afte the hrsg revelatinou of the financial tanglas of the former treasurer, one Hartford paper hinted that his going aWay had some connection with the financial tangle h denying this state ment Mf Bullard says that the trip was planned long before the Putnam tragedy. and could not be postponed.
 Sir Ballard continues that he is aot "a atockhaidaf 0r official ol arV conn pany or organization in which Mr. Gil-
 afc has financial interest. He claims Co have known nothing of Gu- BatHica business affairs and t5 have purely a social relationship with him. 4 week ago Thursday when the news of Mir Gilpatric's act first came out. Mr. Bullard was in Danlels0n, and hastened to Putnam After a short conference with bank officials. but not until o'clock in the morning. as one paper stated, he left for Boston.
 Mir. Bullsrds Story
 Mr Buliard says:
 "The Merchants National Bank of Boston has been for several years the Boston correspondent of the First National Bans of Putnam, conn. A the present time We have a substan- tiai deposit Of the Putnam bank and hold a note of a prominent Connecti- cut corporation for the sum of S25,- GOO which was indorsed and re-dis- counted with by the Putnam bank. The corporation signing the note k strong financially. Besides we have indorsement Or guarantee of the First National Bank of Putnam.
 Some time ago we loaned Harold Giipalrie. cashier of the Putnam bank, the sum nf SZ5 .006 on a note indorsed by his wife. which has been gradually reduced to Sll GOO These are the onle two obligations of either Gilpat- ric. his family. his bank or any of his business companies that the Mer- chants National Bank of Boston now holds.
 Gonters One Hour
 My manufacturing interests are located in DauielsOn, Conn, eight miles from Putnam. Late Thursday afternoon. the day of the shooting. I was at my office in Danielson. when 1 vas advised hy telephone of the Put nam affair and I left for Putnam. l spent the hour from to with National Bank Examiner Bean and two directors in the directors room of the First National Bank of Put nam. left Putnam at B o'clock and drove directly to Boston.
 Early Friday morning l called lpon Gov. Harding of the Federal Re serve Bank and explained the situa ton to him At that time an auto mobile arrived from Putnam at the Federal Reserve Bank, where the First National Bank of Putnam ear ries it's reserve deposit, and S50,oO0 was withdrawn from this reserve de- fosit at the Federal Reserve Bank. l. was sent by automobile to Putnam lnder protection of police officers and accompanied hy officers of the Federal Reserve Bank
 "Iast February when l was in Der muda with Boston cotton merchant. | met Gilpatric and a friend of his. a Mir. Hamburger. they arriving four or five days after l did. l know uoth- ing of the affair at Putnam beyond what ] have read 10 the papers as l returned late Thursday evening from a six days motor trip in the Adiron- daek mountains with my family.