New Britain herald., 1924-08-11
.DEPOS|TORS TAKE
 FUNDS FROM BANK
tContinued from First Page)

Nr. Gilpatric, who was administrator of this estate has never made f,nal accounting according to information obtained at the probate court. The estate among other things left the home of Mrs. Gardner on Main street to the town for library purposes but the town declined the house and by arrangement with the principal her the house was sold and bronze tablet erected in the library from the fund thus established.
 Owns Maine Island
 Mir. Gilpatric is joint owner of an island at Juniper, Point, Maine, with Harry Fosdick, said here to be well known New York clergyman, who has a home on the island. A mtcr- boat, said to have cost s1,500 runs be- tween the island and the mainland. This boat it has been known here is known as the Mary Gardner In mem- ory of Mrs. Gardner and is said to have been purchased by MT. Gilpatric out of his fees as administrator Of the estate.
 still Another Estate.
 Still another estate of which MT. Gilpatric was administrator was that of the late Joseph Cutler who died leaving d considerable fortune. A final accounting was rendered by the eyecutor but trust fund Of $40,ooo was established out of the estate Tor an incompetent relative of the de- ceased and MT. Gilpatric was trustee of this fund. It is learned here that s35,OO0 of this fund was invested Tn the real. estate in Hartford which housed a market and which did not prove financially successful. The property was taken over by Mir. Gill patric last January and there are sev- eral mortgages on it. The remaining s5,OO0 of the Cutler estate is invested in other securities.
 So far as could be learned these are the only estate funds in the pru- bate court here with which MT. Gill patrc was concernd.
 Mrs. Gilpatric, the daughter of a prominent and wealthy mill owner here was left 8 considerable fortune 1 from the estate of her father which was divided among number Of heirs 1 Whether Mrs. Gilpatric's fortune has been involved in any of the state treasurers financial operations IS purely matter of speculation here. Among the many ventures Of the state treasurer was the purchase or an interest in"the Hill Top stables | established here by a local syndicate of which Dr. Frank Baldwin, Frank 1 Witman and others were members. The stables here housed two race horses one of which was Fairworthy which has been raced on the Wor- | ccster and Norwich tracks during the | summer.
 Many Unvcrifcd Rumors.
 MT. Gilpatric's family and the bank directors and officials have from the first maintained complete silence on the subject of any possible shortage in Mir, Gilpatrics accounts at the bank or any private financial reasons which might have impelled his at tempt on his life. The silence has led to host of unverified ruInors with reference to shortages and their amount and extent. It was stated today that condition of the Gardner estate account and possibly others would not be fully known until the state treasurer was able to make statement. While able to converse to some extent his condition is not warranted any extensive inquiry of his as|to financial matters, 1t is stated
 Was Too Generous.
 The general sentiment of Putnam people that if the state treasurer financial affairs have become involved it is due to his generosity to his friends. He had been reputed to Dc unable to refuse friend" who came to him for financial or other assist ance. It is known here that onFmanS occasions where friends approached him for financial assistance withou collateral he had written them hi ncrsonal cheeks and taken notes with out assurance that the note-maker'