New Britain herald., 1927-02-16
.G|LPATR|C DIES AT ATLANTA TODAY
Continued From First Page)

(Continued From First Page) morning he suffered a paralytic stroke from which he did not en- tirely recover. His brother, Walter Gilpatric, a New York attorney, was on his way to Atlanta when the end came.
 Had Political Honors
 Gilpatric was the first man in three-quarters of century to be given three terms as state treasurer. and was honored and respected throughout the state. After Gilpat- ric had shot himself and represen- tatives of the comptroller of the cur rency at Washington had informed the banks officers and depositors, of the state of its finances, s94,000 was raised among 26 friends to provide bail for Gilpatric, with others stand ing ready to contribute from s1,000 up for the purpose.
 He was arraigned at, the hospital, and bond set at s50,00o, which was furnished.
 After being sent to Atlanta, Gill patric was adjudged bankrupt upon petition of creditors presenting claims aggregating s2S3,115, of which the largest was that of the bank of which he had been cashier, of S250,000 funds embedded.
 In the settlement of the banks tS cents on the dollar, and will prob ably receive another small dividend sufficient to bring the total returns to from so to S5 cents on the dollar, through the double idemnity of the holders of the institutions S150,0O capital stock, the reserve of s15O,- 900, Gilpatric's personal property amounting to s26O,0OO, and smaller resources.
 Mrs. Gilpatric the widow, lives here, as does Mrs. c. W. Gilpatric. the mother. Gilpatric's father died about six months ago. A daughter Rhode. 20, Is attending Mt. Holyoke college. while two sons, George. IS and Richard, IS. are in preparatory schools, the former in Deerfield, (Mass.) academy and the latter in Hill school. Pottstown, Penna.
 Began Work as Clerk
 Gilpatric entered the First Nation- al bank as a clerk in 1909, and by 1914 had worked his way to the cashiers desk. In 1918 he was elect cd state treasurer, receiving reelec- tions in 1920 and 1922.
 H had invested the money of the bank in large portion of the busi- ness enterprises here. in some cases without authorization and in others with the permission of the directors. who had high opinion of his in- tegrity and ability and allowed him loose rein.
 When bank examiners appeared suddenly on August 6. after Gilpat- ric had been warned that he must straighten out the accounts and given a limited time to do so, the cashier failed to appear at the bank the next morning. and after several telephone calls had failed to bring him friends went to his home and found him with self-inflicted bull let wound in his head.
 His Suicide Attempt
 He had apparently shot himself while leaning over bathtub full of water, and then, sub consciously di- rected, dragged himself to his bed, where he was found. The bullet had cut the optic nerve, totally and per binding him. and lodged itself in the brain, whence it has never been removed.
 The First National bank was clos ed August 12. and the next day it was announced that a shortage of s262, 900 existed. Thirty-nine counts were brought against Gilpatric, but only % were pressed, the remainder being dismissed upon motion of the