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REACTION FAVORABLE TO THE SAVINGS BANK Depositors Return With AddiCHARLES ARNOLD tions to Add to Accounts DIED LAST NIGHT Withdrawn Had Lived In Putnam 35 Years. Learn Putnam Institution Among the Strongest -Former Cashier Thompson Bank and Teller of First NaThe reaction to the recent malicious tional Bank. rumors circulated about the Putnam Savings Bank, which resulted in a Charles Arnold, 85, for thirty-five week-end run on that institution, a years a resident of Putnam, died at most ridiculous affair, has been most his home on South Main street, Tuesfavorable to the bank itself. day evening about 6.30 o'clock. He Ever since the first depositors behad been confined to his home for gan to return with the money they some time. had withdrawn, and GRUS occurred beMr. Arnold came to Putnam as fore the run was finally over, additioncashier of the Thompson bank, at al depositors have been coming to the that time located on Union street. bank to return the funds withdrawn Later he went with the First Nationduring a panicky two days. Many who al Bank as teller and remained in came back with their money brought that position until failing eyesight additional funds to deposit with the caused him to give up active puramounts withdrawn. suits. Become Enlightened Mr. Arnold was born in Coventry, R. I., September 12, 1843, son of A bank is a bank to many people. Hiram and Mary E. Bailey Arnold. They do not have occasion to investiHe was married in Rhode Island gate its condition. Since the recent many years ago to Miss Anna A. furry occurred it is evident that a Sweet, who died in 1914. The famgood number of depositors, who beily lived in several places finally locame needlessly alarmed, have taken the trouble to make comparisons. This cating in Thompson from where they came to Putnam. has enlightened them They have found that the statement of State Mr. Arnold leaves two daughters, Bank Commissioner Lester Shippee, Miss Mary A. Arnold of Putnam, who that the Putnam Savings Bank is a made her home with him, and Mrs. sound financial institution, in fact one Elmer C. Wood, Elmville; also a son. of the most sound in Connecticut, was Charles W. Arnold of Providence. The funeral will be from the home not a statement just to quiet unwarranted fears but was founded upon Saturday morning at 10.30 o'clock. faets as he knew them and was in a Burial will be in Westerly, R. I. position to know them. Where scarcely a week ago the emPUBLIC BEQUESTS ployes of the bank were kept busy closing accounts for worried customers, for the past week they have been Mrs. Susie G. Williams, Brookequally busy receiving the deposits, lyn, Remembers Day Kimball and additional deposits, being returned to the bank. Hospital and Other OrganAccounts Only Filed izations. The bank's offer to receive the accounts withdrawn up to and including Bequests benefiting Putnam and December 1st without loss of interest Woodstock organizations were set to the depositor, who so hurriedly forth in the will of Mrs. Susie E. withdrew his funds, evidences that Williams, who died this month and the attitude of the bank is not one of who lived in Brooklyn for many retaliation. The bank officials realize years. fully the situation, did so at the time, Through the will Mrs. Williams and accounts withdrawn were not gives $3,000 to the American Misclosed but were temporarily filed to sionary association, $2,000 to the allow of reopening in the easiest posCongregational Home in Hartford: sible way. $1,000 to the American Bible society; The bank officials look upon apolo$1,000 to the American Board of Forgies as needless. It was a simple busieign Missions; $1,000 to the Day ness proposition. The depositor was Kimball Hospital at Putnam; $1,000 entitled to his money and if he wanted to the Brooklyn Congregational it it was there for him and was delivchurch; $400 to the East Woodstock ered to him. Now he will be welcomCongregational church; $300 to the ed again, not as a new depositor, but East Woodstock cemetery associaas an old depositor. There need be no tion. In addition to these bequests hesitancy or feeling of embarrassment the will provides for others of a on the part of any depositor who withprivate nature. Mrs. Williams was drew funds from the bank about rethe widow of Nathaniel G. Williams turning to reopen the account. The of Brooklyn. She was a native of Putnam Savings Bank is here to do Woodstock, and prior to her marbusiness and serve the public and that riage had been engaged as a school is the first and only consideration of teacher. its officers. The bank will send out Christmas Chab cheeks next Monday. District Deputy Night
