New Britain herald., 1926-03-01
CUT COUPONS OF
 OTHERS BONDS
(Continued From First Page)

The former banker explained that frequently in the state treasurer's office. he was taken 10 task because of delayed interest payments, and he would then draw his check for the required amount. This, Glpatric said, would be adjusted when the actual coupons became due, He as sumed the difference in time might be 30 or 40 days.
 Pointing out that the first interest payment on state bonds paid by Gil- patric included three cents, MT Scovell said this would indicate that coupons had been clipped from bonds of smaller denomination than st,0oo, the denomination of those purchased by Gilpatric for the state.
 It did not get far today, Mir. Scovell announcing that he wished moro time to study the matter and Receiver George M. Coffin of the wrecked Putnam bank. giving mo- ice that he was investigating this question,
 IL was brought out, however, that Of the s750,000 in these bonds purchased by Gilpatric for the state, s500,O00 of the bonds had been shifted later from the fifth Issue to the fourth. Gilpatric, ask cd by MT. Scovell why this was done, said that at the time he was very "bulljsh" on fourth Liberty loan bonds and that he probably had made the transfer to take ad. vantage of a premium which the fourth issue was paying at that time.
 Mir. Scovell asked Gilpafric If it was the practice of bis bank to make entries in the banks records on the day following tho date of various transactions. Gilpatric said his bank attempted 10 balance it's books every night, but that frequent ly entries were made on the follow tng day 10 arrive al the proper bal ance. He said, however, that entries as large as S470o0. mentioned by MT. scoyell, were not made in this manner.
 The question of possible manipu- latlon by Gilpatric in the purchase of Fifth Liberty Loan bonds for the state of Connecticut, is one about which little has been said in the four hearings in which GlIpatric has fig ured.
 second Trip To Hartford
 The former state treasurer, whose temporary Connecticut prison has been his fathers home in Putnam since hls return from Atlanta peui- tentiary to aid in the untangling of his muddled accounts was brought here last night.
 1t was his second visit to Hartford vinCe his conviction. Two weeks ago he was called into bankruptcy court 10 explain transactions that result ed in inc WreCking of the Putnam bank and the wh'reahoufs Of funds still missing Tho examination of the former banker was then trans forrcd To Putnam where for three days, Gilpatric Was questioned by George M. Coffin, receiver of tho wrecked bank. Since then, ntrT chcckup of the books of the bank has been made with GilpatrIc aiding the receiver in the task.
 $100,000 JnaCcountCd For
 Gilpatrc's return 10 Connecticut and the four public hearings held have brought forth several disclos- urcs but still more than $i0o,on of cmbszzlod funds remained uncx- plained when today's h.arins open cd
 r oas brought ou', however. that Gilpatric used state funds suppos"d- ly advanced for the purchase Of lib erty bonds, for his own use, at once time holding in hs possession for s months, bonds valued at many thousands of dollars.
 Funds Of the First National Bank were used by the former banker when he found il necessary 10 reach d settlement with the state in inc Liberty bond account. The default ing cashier in his first four cXamina- tions was unable 10 account for tai, ,o0a involved in the purchase Of these bonds, which he needed to square his accounts with the com