Putnam patriot., 1924-08-22
Gilpahic,s Friends Trying
 To Raise HeaUy Surety Bond
WOULD GET BUSY NOW TO BE READY WHEN HE IS AD- MITTED TO BAIL ON ENTERTAINMENT CHARGE.
 SAVE HIM SPENDING WEEKS IN PRISON
Receiver Coffin Mum State of Banks AfarsExaminers
 Still at Work-New Claims Are Filed.

If the discussion that Is going on among men most intimate with z. Harold Gilpatric. defaulting cashier of the First National Bank of this city. who two weeks ago yesterday attempted his life by firing a bulle. into his right temple, takes concrete form, more than enough cash and se- eurities will be raised to save Mir. Gil patrie from spending any time in nri- son. between the time that he is well enough to leave the hospital and the date of his trial on the embezzlement charge on which he was arrested Tues day afternoon.
 There is an earnest desire on the part of his friends-and he still has q host of them-to save their frien4 from going to prison to await trial When he is well enough to be dis charged from the hospital, he will be arraigned formally and bail fixed. pending trial. IL appears as a fact that Mr. Gilpatrie's family would be powerless to furnish the bond that the Federal authorities would demand foi his release pending trial.
 Would Raise Thousands
 To meet this emergency, his friends are talking over plan whereby suffi cient bail will be raised. His closest Putnam friends are so .tied up just now, with the closing of the bank that they find themselves baked i8 their desire to help out materially the movement to be of some servica to friend in need, as Gilpatric was their friend when they were in nee But it is hoped that some local men and few out of town men will b. reached who will be in a position to do something to make the pres ent plan a reality.
 Receiver George N. Coffin was seen this morning by Patriot representa- tive and he was asked If the bank examiners have completed their work at the bank yet. Mir Coffin stated that Chief National Bank Examiner k s. Bean and his assistants have not yet finished their work. but that they have made great progress in untang- ling the snarl in which they found the affairs of the institution. Mir. Coffin stated that he expected that the ex- animation would be concluded in a day or two.
 Will File Report
 Upon the completion of this exam ination, Chief Examiner Bean will file his report with the Comptroller of Currency in Washington, D. C., and will turn over the assets and liabili- ties of the bank to Receiver Coffin. Mr. Coffin declined to give any figures in regard to the present condition ef the bank, or Co comment on the cur rent report that the bank is entirely solvent and capable of paying 100 cents on the dollar ta all denositors. Putnam, as a city, feels confident that it is. bat there Is no official eonfirma- ton to substantiate this sentiment.
 New Claims Bob-Up
 It is known that claims, runnil 2 into the thousands of dollars. have been filed at the bank in the pas. few days. These claims, 1t is report ed on good authority, were unsuspect ed by the examiners up to the time of their being filed. The elain constituted new liabilities against the bank and have resulted in a delay winding up the examination of the affairs of the bank by the fedora authorities.
 Receiver Coffin this week sent out postcards to all depositors in the savings department of the First NJ
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