Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1908-01-25
]. R. WALSH, GUILTY
JURYS VERDICT AGAINST THE
CHICAGO BANKER.
On "a Counts of the indictments
Against Him Charging Misapplica-
ton Of Banks Funds-One Juror
Cries When Verdict Was Read
Walsh Out on Bail.

John R. Walsh, former president of
the Chicago National bank, which
closed it's doors in December, 1905,
was found guilty at Chicago on "a
counts of the indictments against him
charging misapplication of the banks
funds. The verdict was returned by
Jury In the federal district court
| here.
Mr.. Walsh was allowed to remain at
liberty on bond furnished by him after
the indictment has been returned
against him, one year ago to a DAY,
pending the hearing of arguments on
January 2S on motion by his counsel
for a new trial.
The sum of approximately $1,00O'0 600
was involved in the illegal transac-
tons. The maximum penalty of 10
years on each of the 81 counts consti-
tuting this act would make it possible
for Judge Anderson to impose sen
tence of $40 years in The penitentiary
The reading of the verdict was fol
lowed by scene intensely dramatic
When the jury was polled at the re
quest of Attorney John S. Miller OF
counsel for the defense, Ebert Palmer
a Juror from Harvard, H., was over
come by emotion and wept as he signi
fed his acquiescence in the finding
He sat with his head bowed upon his
hands during the preliminary proceed
ings and failed to rise to his feet as
|, the others had done to reply to the
interrogation by the clerk, WAS thi.
and is this now your verdict?" bail
if touched his arm when his turf
came to answer. He apparently hat
not heard the question, and it was re
peated. Palmer rose and stood un
!, steadily, with eyes downcast, ant
= muttered something unitelligible t
the court and attorneys. Unde
prompting by Judge Anderson tn
juror then replied with apparent elfor
; and while the tears course down hi
). cheeks, Yes, under the instruction
>, as / understand them"
When the poll was completed Paine
Q was questioned further by the cour
u at the request of Attorney Miller an
= in answer to the question previousl
:, put to him replied: Il have to sa
= yes"
u Pity for Aged Offender.
= 1t developed later that Palmer wa
% largely responsible for the long deli
Grafton of the jury. So insistent wa
o. he that Walsh be acquitted that /
n forced his fellow jurors to take Sc
% arate ballots on every one of the Il
70 counts in the Indictment
10 He is sucn an old man--over
20 years" is said to have been the co
e slant plea of Palmer. He was tee
If nically guilty, but none of his depos
tors lost, and what is the use of sen
ing an old man to prisOn?" he
quoted sa having urged upon Il
is other jurors time after time. He
os said to have wept at times in the jul
i'd room as he begged the others to co
an slider the age of the defendant al
M have compassion.
" The verdict was the result of near
m SO hours elaboration on the part
70. the Jurors.
at Walsh, the subject of his comps
OS SlOHi WHO sat dJ II ldDle SuIIOuuu
ed by his attorneys, appeared less NOV
m by the result of the long trial tn
Dis almost anybody else concerned.
Dr. Charge Against Walsh.
rv- The charge against Walsh grew c
ep- of the closing in 1905 of the Chica
mt National bank, of which Walsh W
president, and its allied institution
the Home Savings bank and
- Equitable Trust company. Walsh "
accused of having loaned funds
~ these institutions, aggregating
~ 100000 to fictitious and insufficient
30 secured struggling enterprises VIII
, he himself had founded and practiC
" owned.