New Britain herald., 1926-02-16
GILPATRlC TALKS
 WILLINGLY, TELLS
 OF VARIOUS DEALS
Accounts for at Least SS5O,OOO Involved in Three Of His
 Transactions
TO BE TAKEN TO PUTNAM
 FOR TESTIMONY TOMORROW

Denies rlut He Traded With
 Brokers Nnd says lie Made No
 >pcculati"n> On Margin - seeks
 To Explain Money He Gave To
 His Assistant At Bank, It Pres
 cnt Under lnditImrnt
 Hartford lab 1G P,-G. Harold .Gijpatric, former treasurer Of the state of Connecticut and former .casher of tht First National Bank .ot Putnam, wrecked hy his sprcula- uions. faced his creditors here today tor the first time since Ar was sen tcnced 10 Atlanta prison more than la var ago.
 Coming back to Connecticut with 1.-the expressed intention of aiding in
 very way possible to unrayel the financial tangIe left by his em- h~Allcmcnts of three quarters uf a million dollars. the former banker vas witness at hearing before Referee in Bankruptcy Saul Ser Dan.
 His testimony proved to be a long recital of financial affairs in which he was connected and an ex- planation of notes, claims. and stock holdings.
 Accounts For S35O,0OO
 Mir. Gilpatric in his testimony, accounted for at least s350.00O in three transactions. Approximately .$150,000 was loaned. he said. to John J. Burns in several transac- lions including that of the Trumbun Market deal in Hartford Another .$1O0,Oo0 he estimated went to Co- bert Machine company from him or rom the Putnam bank, and to the Monson, (Masso) Worsted company. or p. ]. Cochran, Jro whom he considered as one, went in excess of $l0O,0oo More than S75.o00 went tC the A. Vido Construction company Of Thompson, he contin- ucd.
 Proves Willing Witness Gilpatric was a willing witness. He rarely hcsitated when financial transactions were mentioned and re jcj'cd many facts in connection with Ithem. The former banker was ac- companied to the court room by his brother, Walter c. Gilpatric. an at 'orney.
 4 large pair of dark colorod glasses covered the former bankers eyes. made sightless hy the bullet he fired into his head a year ago last August in an attempt to com init suicide when his thefts from the bank were discovered. Before the opening of the hear ing, Mir Gilpatrtc was in convrrsa- ion with the referee in bankruptcy, Lawrence A. Howard. counsel for the trustee of the bankrupt Gil patric estate and others. He ap- |pcared eager to talk with these men and with a former acquaintance rom Putnam discussed many per sonal matters.
 Has Aged Greatly Persons in the courtroom who ! had known Mr. Gilpatric before the latter was sentenced 10 Atlanta prison. said that the former banker had aged considerably during the past year and a haf His hair is gray Mr. Gipltric told friends that he was feeling as well as could : he expected under the Circum- Is0anccS" and that he had put on weight during the past few months.
 Mir. Gilpatric tcstihcd that his ! financial transactions were not what l he considered as spcculations ani Ithat none Of his stock purchases wore made on margin. He had ac- counts with no brokers, ho said, On stand Hours The eXaminhtion Of GilpatriC wi. ha continued tomorrow morning ai I10 o'clock in Putnam whore tho former banker Will ho questioned hy Receiver George VI. Coitin oi the First National Bank closed after Gilpatric's pcculauons were discovered.
 Gilpatric was on the stand fol three hours, after which tho sosSiot was adjourned to be continued il Putnam tomorrow.
 Is in Good Spirits
 Gupatric, brought 10 Hartford Monday evening from Putnam where he spent Saturday and Sun lay nights with his family follow ing the long trip 10 ConncCticu from the federal pontjyntiary at A. lanta. Ga. appeared in cNcr''@n' spirits as he reached tho fedora building some ;imo before thu scheduled hour of thc hearing al lC o'clock. He had spent the night a Hotel Bond, Hartford's leading hos tolry. and was accompanied to th' courtroom hv his guard, George F. Hughes Of the federal prison, anC ! Attorney Walter G. Gilpatric o' Now York. who will look after hi' brothers interests. Attorney Gil patric will be present at all hear ings. mainly because of tho blind ness of the former banker, which was brought about by the severance Of an optic cord when he attempted suicide by shooting in August, 1924
 Walks With Firm Tread
 Except for his affliction. Gilpat. ric walked with firm tread as Inc 1 ,,.ns rrniA-A lntn fhn rlNXnf0r nnE