Putnam patriot., 1926-02-19

NIaaHA alaa AfaH nstric. s8e had them ! covered them
 up feeling that eventually would make them good ] wanted tg keep 1Hem ffam the knowledge sf the di- l rsetara He could not fx the time i, chat these irrrgularities began except ! in Che general way of stating they c0v- 8 cred g period Of ten years but he al. Iaded ta Egme of the losses that take the wrDngd0inR back further than f ten year= Among the losses covered Hup were loans Co the Pine Tree Worst cd Company. a former short lived Put nam industry. and a loss to Nicholas Rita. who left Putnam long ago
 Could H.v. Paid
 But this real trouble he dated from 1919 when he was elected state treas urer. While a defaulter at that time he said "I could have stepped out . 0f here and paid up every dollar There were defalcatiOns before that hut ] never kept track Of them When someone wanted theirs l would bor l row. to use that expression. from Peter ta pap Paul % f was soon after } h. went fa Hartford as state treasur- er that ha met Bufns lt would have been better for bsth GilpatHie and Burns f this meeting had never talk Len place as now viewed by the former state treasurer
 LAxity Shameful
 The laaiy in handling the bonds H4rcHazad Tor subscribers t8 the Lib- aEtF Lean drives was emphasized by GIlpatre and he said il was a
 hlme She uaF Che bond were han alsd -Ther- Was no sHstem on 2 4rd He said TT bonds were
 brought H for safe keeping a receipt
 4a RisaH without taking the num- I H.F- and those Wha left them far safe . keeping uIehi not Rt fbe bonds that
 belonged fs them tH some eases Z bond Aase delivered tNice. When the E last Victory l1aH came l kneW day
 af reckoning was coming for they
 4ere ati mixed mp Bond were han { died like Hse dollar biils according 10
 GlpafrIe. and swaps were frequent < Bond Wene lsed as currency and talk f en from aae place and put iH another Nfen needed 70 -e8ver uF When l someone Insisted ca having their bonds - Ha would takp them from almost any
 asere ta deliver and then make it UP #rHm somewhere eH=e when the time came.
 Bonds aE fhe stale were used t6 al- las the =Hicious aE aadit1fs and bank
 aamlaeH Bond we're grabbed from
 somewhere ta =afIsfE the Putnam #Eem t-fz AYc|afiFa. E Y Bradley
 aaa szHaH 4aa demanded fHaI thaH =4. tH hand Ia aH.eh tnes aare en- i ttiei
 Throughout tHe hearing aH attempt EaaH##Hf fH ta hasa Giipatric
 H1la HHs aH discreHe iH
 #Ha.az seemed = Eat -paaa results
 IHt WHHfHabauf- aI k4f UHH that has q 1tea 1raE1lart.d for Wps Hat revealed
 Ht llIFaaHe Wha saHld Hal explain . sHfa zH amount had gone =. above Hk fH5f some af q might haE1
 .anr E# EHa Cutler estate aH E3 the
 Putnam Cemetery ks40ciaaaH but he .- sa- not af all certain.
 Receiver We'll Informed
 Receiver Coffin questioned Gilpatric
 tte HH sence af reporters Clinton r. F ~catlIle 9f the accounting firm act. | ug f4 fHe governor committee, who 9 zaam lame tn time asked questions; k Ai.- Helen Sharpe assistant to the receiver and who had much tu do Rth tHa handling of bonds under Gli- .s ateie Glpatrie guard. and a stem
 Hgfaphaf The knowledge sessed
 at the receiver and his memory of J. dates figures and details. which he
 had at hs tougue.s end was amazing
 li was maze of figures and transae- k fions that was gHfolded before those 4 aha were unfamiliar with the details ' 1t the situation
 s Took Him al His Word x When che hearing opened at ten o'- ;, clock Receiver Coffin sad tu Gilpatric
 l nope that you will feel at home and F. realize that syu want you tu reveal k every YfhlHR that you can. as our motive
 to hHa eRer3thlng we can af value f You have offered Co help us and 4 tuhc ygs at your word that Xou will
 d. all you can.
 Peter to Pay Paul
 q Gilpatrie said that he dia feel at ham, and could visualize hts surround
 Hes He sand he would da all he } could bat chat he did not want to be < mi-uudersta If he hcsitated for he i, laid be had Co go back iu years and II among myriad Of transactions L. wherein he h8d taken from Peter to , pay Paul Receiver coffin urged mm take atl ihe tune he desired and te d ialk slowly The receiver assured 4 allpatrie chat na trap had heen laid VI for him el know there has asnt. said n GNratrie aud want to help al can. l|aNy done enough and if can
 help a stfairhtsular matters out ( am here ta do sa did not bring a
 lawyer wIth me because ] fell it to be
 unnecessary
 | Hid Ss 900 Cheeks
 kpcelNrr Coffin first took up the
 Hartford transactions with Burns s- which had been gone over thc day pre- .t elous at the hearing before the trustee ln bankruptcy at Hartford Gilpatric >. aid be did not know the amount of n tho loans but wouldn't be surprised f.
 they were S20000u CT more Besides
 loans made on mortgages he often a gave cheeks for g. .0O0 to Burns Ar
 irving in Putnam hc would take the .s cancelled cheeks and hide them lie ,- said he did not know where these can
 celled cheeks were, as they are scat \ tered around in dozens of places He
 told Of having the Trumbull street
 property appraised before taking a
 mortgage for the state He fixed the Ii lime of meeting the Hartford man as :. about the time ha took the office of '" state treasurer He said he had no r. Idea of advancing him "cent .
 HsaHrr4r e.saa Ha L.-.