Rensselaer Semi-Weekly Republican, Volume 41, Number 116, Rensselaer, Jasper County, 29 October 1909 — John R. Walsh Makes Deals That Pay All Debts. [ARTICLE]

John R. Walsh Makes Deals That Pay All Debts.

John R. Walsh, the Chicago banker and expensive Indiana railroad magnate, whj has been in trouble with the national banking laws for the past few years, and who has had financial reverses that threatened to>leave |im a pauper, has succeeded in making deals that will pay all of his debts and probably leave him $2,000,090. By this trade he will be able to pay into the coffers of the Chicago National Bank enough money to declare a 100 per cent dividend upon that stock, and the sales are declared to be a marvelous achievement, as it was generally considered that he was down and out. Mr. Walsh still faces a prospect of going to the penitentiary and when it was learned in Chicago Wednesday that he had made a deal by which the overdue interest on his loan would be paid and that he will receive cash beyond the amount of his indebtedness five extra secret service men were put on his track with instructions to watch him night and day, for fear he would make an effort to escape from the country. Mr. Walsh is nQt without his warm friends and admirers and his railroad building in Indiana has made him many friends in this state, and some of the stories told of his precise and exacting methods are very interesting. Walsh was never an intentional criminal. He had faith in his operations and he overstepped/.jfle law in the use of money on deposit!ln his bank. ' f