SEQUEL TO A SMASH.
Sentence on Bank President. f NEW YORK, March 14. ' ' John R. Walsh, the founder and presi- ] dent of the now defunct Chicago Nation- i al Bank, who was found guilty of mis- ' appropriating funds of the bank, has been sentenced to five years' imprison- ' ment. He was refuse , a new trial. Walsh has, however, appealed against the conviction, and has been released on bail in the sum of £10,000. The judge remarked that a banker ought to be nothing but a banker. No- , body could serve two masters. Walsh had , himself practically lent for the purposes ! of speculation three-fourths of the bank's T assets. 1 1 ....._... !
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Auckland Star, Volume XXXIX, Issue 65, 16 March 1908, Page 5
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110SEQUEL TO A SMASH. Auckland Star, Volume XXXIX, Issue 65, 16 March 1908, Page 5
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