New Britain herald., 1925-10-30
STATE TAKES UP G|LPA7RIC PROBE
Trumbull Seeking to Protect
 Funds n Treasury

Hartford, Oct. 30 R-suspicious circumstances indicating that G. Harold Gilpatric took advantage of his position as state treasurer with In eight months of his installation in I19l9, are under investigation by au- ditors in the employ of creditors Of the First National bank of Putnam. It is learned that s135.ooo was in volved in bond purchase of Aug ust. 1919. and that Gilpatric used the funds over a considerable pe- riod for his own purposes before delivering the bonds.
 Similar Transaction The transaction is said to have been similar in many respects to that of February, 1921, when Gil- patric, suddenly aware that he was being watched by the then Govern or Lake. Is alleged to have stolen about $169,o0o from funds at his disposal az cashier of the First Ea- tional bank of Putnam to pay for bonds that he had to deliver to the state treasury within 4S hours or stand exposed.
 Decide on Probe Decisions to proceed to careful investigation of Liberty Bond tram sections carried on by Gilpatric dur ing the entire period of his admin istration as state treasurer, was made at a conference yesterday by Governor Trumbull, State Treasurer Rogers and Attorney General Healy. The action of State Treasurer Rog- CTS week ago in halting an inves- 1 tigation of treasury securities by the accounting firm of Hadfield, Rotl1- well and Soule of this city, was ap- proved and an agreement reached to discontinue that investigation. A check-up will be made by the state treasury department itself, while At- torney General Healy pursues an in- quiry to determine the reasonable ness of the contention of the Putt nam banks creditors that bonds in the treasury were bought by Gil- patric with funds stolen from the bank and trust funds at Gilpatric's disposal.
 Official Statement
 The following statement was given out by the state executives following their conference:
 At a conference held In the Of five Of the governor yesterday aft ernoon. the matter was discussed thoroughly in reference to the mat ter of state securities that are in the state vault.
 It was the unanimous opinion of the state officials that the state does not desire to hold any securities that do not belong to 1t legally. The question of legality to be decided by the courts. If 1t is found that the state has in its possession securities that do not legally belong to 1t. the officials do not believe that the state | would want to be a party to hold ing securities that might have been acquired illegally.
 On the other hand, the state of- fcials will exhaust every effort 10 protect the states interests and | will proceed to secure all tnforma- ton obtainable regarding any trans actions covering the securities in question. A certain procedure was decided upon to obtain this infor- nation which seems unwise to dis rtose at this lime
 Public Advised
 The public can rest assured how ever that the state officials recog- 1 nize their responsibility and are do- | ing ything within their power 10 assist in unraveiling the various f transaction leading up to the pres ont situation.
 Additional information will be given out from time to time that 1 will not be incompatible 10 the states interest. On the facts as they l appear now, there Is no justification | Of the states surrcndering the se- curites in It's possession and so far as it appears, Connecticut has only |