Rensselaer Semi-Weekly Republican, Volume 39, Number 41, Rensselaer, Jasper County, 25 January 1907 — JOHN R. WALSH INDICTED. [ARTICLE]

JOHN R. WALSH INDICTED.

True Bill with 182 Counts Returned Againat Chicago Bunker. John R. Walsh was the subject of a sweeping indictment returned in the federal court at Chicago charging misappropriation of funds of the Chicago National bank, of which he was president up t > tlie time of its failure in December, 1005. The indictment was voted by the special grand jury which was called to consider the Chicago. National failure. It contains 18’4 counts, covering ninetytwo transactions involving $2,634,877.77 of the bank's funds. The true bill was received in court by United States Dis- . trict Judge A. B. Anderson of Indianapolis. who fixed the amount of Mr. Walsh’s bond at $50,000. Imprisonment is the penalty provided for the crimes charged .in the indictment, there being no provision for a discretionary fine. The penitentiary term provided is five to ten years on each of the *lB2 counts, a possible sentence that would'tun hundreds of years beyond the end of Mr. Walsh’s natural life. The indictment, which is drawn under section 5200 of the Revised Statutes of the United States, charges Ml. Walsh with being responsible for startling conditions in the Chicago National bank, andthe unusual number of counts is the result of the government’s intention to frustiate, if possible, any technical objections by meeting the eventualities of variations' in proof when the case comes to trial.