New Britain herald., 1926-02-16
G|LPATRIC TALKS
 WILLINGLY, TELLS
 OF VARIOUS DEAL.
tcontinued from First Page.) )

courtroom and near the witntss box, from which, for the first time since the crash of the Putnam bank and the collapse of bis own for. tunes. Gllpatric is giving his credi. tors such information as they may desire relative to the multitudnout 1 financial transactions which brought him 10 grief,
 Creditors Represented Judge Arthur F.. Howard, Jr., trustee Of tho bankrupt Gilpatr!c estate, who was Instrumental in having Gilpatric brought 10 Con. necticut, was represented at the c1- animation by his counsel and brother, Lawrence A. Howard. Re. ceiver George M. Coffin Of the Put nam bank. the largest creditor Of the Gllpatric estate, vas represent ed by Attorney Lucius r. Robinson. John r. Carpenter Of Putnam ap- peared for the estate of Mary Gard ner and Attorney Howard repre- sented the estate of Annie c. Cut Ter, Clinton II, Scovell. accountant engaged by the state Of Connecticut 10 check the accounts of Gilpatric in the bank and Tn tho state treas- ury, appeared in that capacity. r Gllna,ric, who had passed tho night al the Bond hotel, was taken 10 the federal building nearly au hour before the hearing opened.
 Led into the courtroom by MT Hughes, the former Putnam banker was introduced 10 Referee In Bank. ruptcy German, Lawrence A. How ard, counsel for the trustees of the Gilpatric estate.
 Meets An Old Friend
 Meeting an old friend, Mir. GIL patric talked with him for some time on personal matters in the for mer bankers life in Putnam.
 Mentioning that he wrote letters from the prison at Atlanta, Gilpatric |as asked by q friend how he ac- complished thig. Glpatric said he ! had a board with rotches cut in it. A telephone wire passed around the board and a sheet of paper passed under the wire, As he writes q line, , Gilpatric says he moves the wire down q notch, thus knowing at all times just where he is writing. He had the board in court with him. Wife's Notes S2O.O0O
 Attorney Howard opened the hear ing by reading a long list Of claims that have been filed against the GIL patric estate. Told of claim filed by his wife, Irene ". Gilpatric, the former banker said he had signed notes with his wife and that these amounted to approximately s20.000.
 Gilpatric was answering questions readily. His mind appeared normal and, sitting at ease in the witness box, he did not hesitate in replying 10 Mir. Towards queries regarding his former financial deals.
 The Nurdock Claim
 Questioned regarding q claim Of SI4,600 by C. W. Nurdock, Inc, ot New Haven. Mr. Gilpatric said this was in connection with an ice busi- ness that did not prove profitable. He said he did not know just how much If any he owed the Murdock concern.
 Gilpatric needed no aid after he had taken his place in the witness box. His brother was in court hut , sat some distance from the former state treasurer and banker.
 A note for s1.0No held by Guy L. ! Baker former assistant cashier of the Putnam bank, Uas mentioned by the attorney. Mir. Gipatric said this was 4 personal financial matter.
 Helped Young Men
 1 Several notes mentioned and ad- ,nnted by Mir. Glratr!c proved 10 1 he small loans made hv Gilpatric 70 aid young men of Putnam 10 get started in bIsinoss. One no;e aided two war veterans tn open a fruit store. Another loan helped another Putnam man to get started in ma chine shop. Another note covered aid given 10 another war veteran i'll the garage business,
 ! Going back to the sl,oo0 note from Guy L. Baker, Mir. Gilpstric said he could not state positively whether l. was personal lo4A or no'e. He was under the impre" sion that he had loareI Baker $1 ndo. , As note after note was mentioned by Mir. Howard, tt became apparent i that Gilpatric had given financial aid , personally 10 many persons in Put nam, and that tho securities offered for these loans were often Of little value. One loan aided q Putnam woman in opening a tea room in pomfre', another aided young man through college, d third loan was male 10 give assistance 10 q young man suffering from tuberculosis. A claim of the Phoenix National lank amounting 10 $9,000 vas for B rote 10 John J. Burns, indorsed by ';l'plrio. Ciilra'ric said he had been introduced 10 Burns hy a mutual friend ahout the time he became state treasurer. Finally, Gilpatric . -Il'J, lF W GS l'l N'+B U I'd h ON'1a rroper'v held hy Burns for protec- ton. A $I5o.doo claim by reason of advanGcs 10 Burns, Gtpatric di1 not thirk w3s IS large as the amount | really involved
 The dges'ion of blocks of stock ! held by GIlpatric was then taken up hy Attorney Howard Gllpafric de- soribed them Nl'hogt hesitation, He gave many details regarding their value when he purchased them, Denies Taking Pliers" As dozens of concerns were men 'ioned Of which Gilpatric held stock 1 tt was admitted by the former bank as that many of these are noW Of douh'tul character go far as their 1 financial standing is concerned and that some ot the concerns have gone out 0. business. TEe concerns men uonsf inclY5sl several mining and oil companies Asked by Mir, How ard whether some of thes. purchases were in tho nature Of Ayers Nr.