The Birmingham age-herald., 1908-01-11
TESTIMONY ENDS
 IN WALSH CASE
Former Banker Undergoes &c.,
 were Cross Examination
ARGUMENT BEGINS MONDAY
Walsh Maintains That Throughout All His Transactions He Strove To Uphold the Integrity of
 His Banking House.

Chicago, January 10.-With the conclu-
 sion this afternoon of the cross and re-
 direct examination of John R. Walsh, the
 taking of testimony in the long drawn out
 case against the former bank president
 was completed. Arguments on the evi-
 dence will be begun Monday morning,
 Judge Anderson having announced that
 he would be engaged with other mat
 ters tomorrow and it is thought that
 the case will be given to the jury before
 the close of next week. Re-affirming and
 reiterating today that his first concern
 in all of the transactions between him
 self. his banks and his various enter
 prises had always been the welfare of the
 Chicago National bank, the defendant
 witness came through the ordeal of cross
 examination without retracting word
 of his initial decision. He made admis-
 sions which were regarded by the prose- cution as compromising to his plea Of innocence, but he maintained to the last that the interests of his bank were always protected to the best of his judg- ment.
 One of the admissions forced from him
 by the searching interrogation of As-
 sistant District Attorney Bobyns was that
 the memorandum notes, the importance
 of which had been emphasized by the prosecution, were not the record of loans to the persons whose names appeared on
 the notes. On the other hand, he de-
 clared, that the unsecured loans which the government has produced in evil
 dence, alleged In bad faith, were regard
 ed by him as his personal liabilities to
 the bank, even when advised in the ad- vent of his death, his estate would have been held for their payment. He declared further that the invest
 ments of the Chicago National bank in the securities of the Walsh railroads were not made with the intention of making
 himself railroad magnate but for the
 purpose of making possible an advan- tageous sale of the properties and thus
 avoiding the losses that would other wise have resulted.
 Redirect examination by Attorney John
 s. Miller, consisted of but few ques- tions and brought out no new facts an.l
 no new testimony was offered. motion
 that the case be taken from the jury was denied.
 Memorandum Note. The interrogation by Assistant Disarict Attorney Bobyns was directed to the question of Walshs reports to the Chi cago clearing house association with re- spect to the "memorandum" notes which figured in the evidence brought out by the prosecution.
 Did the clearing house know that you were carrying these notes In the bank?' the witness was asked.
 'I don't know" he replied. question as to whether the reports of the clearing house showed whether or not there were memorandum notes in the bank, was objected to on the ground that the reports were evidence and
 showed for themselves. The witness was sustained
 Did you give them any information concerning these notes outside of the re- ports?'' MT Barbour asked.
 Walsh replied in the negative. "Turning to the building of the South
 ern Missouri railroad, I will ask you if the Chicago National bank was in the
 business of building railroads?" 'The Illinois Southern was building the Missouri extension.
 "Didnt the bank furnish the money?" "Yes. The bank had an interest in the Illinois Southern and I thought the extension would be a good thing for