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Exeter people have had a suspicion all along since the bank passed into the hands of Receiver Fuller that all was not right when Putnam held sway. Even before the bank failed in July many intimated that he was dishouest, and as a result the deposits decreased materially. When the collapse there were something like 300 depositors in the institution and about $80,000 S anding to their credit. The assets will pr bably figure up some. thing like $60,000. Putnam's wildent personal investments, his neglect of banking methods and his fondness for luxurious life had much to do with his downfall and the bank's failure. He is a bachelor, though people here say that under the laws of the state of New York he would be considered a married man. Predecessor Was a Thief. Patnam came here about a score of years ago, succeeding as cashier of the Granite State bank Appleton Shute, who departed for South America with $100,000 of other people's money which be has never returned, or has beever come back. Before coming here Puinam served as a clerk in the First National bank of Lowell, Mass., and left cause of failing health. He then worked for a time with an accountant in Boston. For 13 years he served AS cashier in the bank here, and did his work SO well that he was trusted by all. When he receivel his promotion to the position of president he grew pompous, and began to get himse f generally disliked. He seemed to have b come affluent, and began m tking r al ate purchases which appeared to be good investments, bought an old homesteal here valued at about $20,000, and purchased horses and cattle at random. On his small farm he now has about 15 speedy gaited, well-fed animals doing nothing but "eating their heads off." His family of three years ago, consisting of father, mother and sister, came here from Lowell, Mass., to live. Made Poor Investments. When Putnam's troubles first appeared last July, they came not in single file, but in battalion, and for a time he had the sympathy of nearly every one in town. His mother died. and his sister became a helple invalid through a paralytic shock. Just before the bank went under many of his securities, which were considered good, became worthless, and to those who knew of his dealings it became evident that he was in financial straits. He had A gold mine somewhere in Nova Scotia, which he thought he owned, but he found that other stockholders had beaten him out of it. He had invested wildly in some far western electric street railway stock, of which he knew practically nothing. and also had a Texas cattle rauch, in which deal he fleeced Professor Wentworth of Phillips Exeter, the late Judge Stickney, ex-Senator Chase of Kingston, Rev. W. A. Patton of Kingston and others. Everybody in the deal lost, and lost heavily. All of his property here, aggregating in value about $40,000, wasfound to be heavily moragaged, principally to B. Frank Folsom of Stratham, ex-president of the Granite State bank, and the taxes were not paid on any of it till after the property was advertised for sale by the collector. The mortgages on nearly all of Putnam's property have been within the past few days, and his remaining property has been attached for more than its full value