Rensselaer Semi-Weekly Republican, Volume 41, Number 110, Rensselaer, Jasper County, 8 October 1909 — Looks Like Walsh Is Now Down and Out [ARTICLE]

Looks Like Walsh Is Now Down and Out

John R. Walsh, of Chicago, whose methods of high finance got himself into trouble and whose case has sincq been hanging fire in the United. States court, is now about at the end r of his string, and Thursday he failed to meet $70,000 in interest due qn a loan of $7,000,000, and it is probable that the banks will foreclose on his securities and put him entirely out Of business. On next Tuesday the court will rule on his case for misappropriation of the funds of his Trank and his closest friends are fully expecting that he will receive a penitentiary sentence, and that nothing can save him except The supreme court. His total assets are said to be more than $14,000,000, but he will probably be unable to realize these. He is a stockholder railroads.