Evening Republican, Volume 15, Number 251, Rensselaer, Jasper County, 24 October 1911 — John R. Walsh Died Monday; Freed From Prison Oct. 13th. [ARTICLE]

John R. Walsh Died Monday; Freed From Prison Oct. 13th.

John R. Walsh, former head of the Chicago National bank, died at his home in that city Monday. Ke lived only nine days to enjoy the liberty of his parole from the federal penitentiary at Leavenworth, KasL, gained by the continuous efforts of his family and friends since his incarceration of one year, eight months and twenty-six days. Death was caused ay myocarditis, an inflamation of the muscles of the heart. The banker was 74 years old. Mr. Walsh entered the Leavenworth penitentiary in January 1910 to begin a five-year sentence. He was convicted of misappropriation of the funds of the bank for the use of his other properties, the Bedford quarries, the Southern Indiana railway, the Chicago Chronicle and others, depositors were paid in full. He is survived by his widow, Mrs. Mary L. Walsh, three daughters, Mrs. L. Blake Baldwin, Mrs/Orville E. Babcick, Miss Mary Walsh and two sons, John W. and Richard W.. , Mr. Walsh was born in the County Cork, Ireland, and came to Chicago more than sixty years‘ago. From a newspaper peddler he developed into larger newspaper dealings, gradually* acquiring funds until he gained a place in a bank. Thence he fought his way upward. Finally when his other properties demanded more cash than he had, Walsh was charged with drawing money from his banks for their use. In 1907 the Chicago National, the Equitable Trust company and the Home Savings bank, all controlled by Walsh, closed their doors and he was indicted.