The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1908-02-10

Walsh, once leader of financial circles
in Chicago, the most powerful banker
in Chicago, and declared by J. PierpOnt
Morgan to be one Of the greatest finan-
ciers of modern times, is a convict.
The jury in Judge A. B. Anderson's
the jury room, at o'clock this morn
ing, found Walsh guilty of misapplying
the funds of the Chicago National
Bank and reported their verdict in
open court at 1890 in one Of the most
dramatic scenes ever witnessed in a
court room
The verdict, coming at the moment
when Walsh and his friends, family
and attorneys expected acquittal, fell
with stunning force, yet Walsh, the
man of iron" scarcely changed mus
Gle of his face.
Immediately after the verdict had
been rendered. Walshs attorneys
moved for a new trial and Judge An
derson set Tuesday, January 2Sth. as
the date for the hearing. All day the
| Walsh forces were in conference CON
corning their next move.
Walsh was found guilty on fifty-four
Of the $50 counts in the indictment,
and the maximum penalty on each
count is ten years and the minimum
five years in the penitentiary, so that
Walsh may be sentenced to either $40
or 27O years in prison The custom
Of federal judges in such cases is to
impose the maximum penalty, and to
order that sentences shall be served
concurrently.
Immediately after the sentence is
pronounced, Walsh's attorneys will APP
ply to the United States Appellate
Court for writ of supersedeas, claim
ing errors. On perfunctOry showing,
of the possibility of reversible error,
the writ will be issued either by the
full court or any member. The case
then will be called in the Circuit Court
Of Appeals and if error is proved, it
may be remanded for trial.
If, however, the Circuit Court of
Appeals upholds Judge Anderson the
case will be carried to TIE Supreme
Court of the United States for review.
Walsh, after the dramatic, almost
tragic scenes in court refused to talk
Not word" was all he would say
Several of the reporters who have be,
come his personal friends during the
long trial shook hands with him, and
he smiled and said: well | guess yoI
are glad it is all over.
mistaken apparently almost uncon-
cerned Walsh left the courtroom and
went to the Grand Pacific Hotel After
luncheon he went to his Offices in the
Grand Central Railway station and
went to work as if nothing had hap
pened
The Government attorneys did not
ask any increase in the bonds of
$50, 900
All afternoon Walsh worked and
kept business appointments. 1t was
late in the afternoon before he con-
scented to talk at all Then it was to
a friend
Personally | want to tell you I am
very sorry about the outcome" said
the interviewer.
That's all right, said Walsh laugh.
ing slightly. "Itll all come out right
If the jury had been able to under
stand the transactions from the view
OF man whose business is money
there never would have been any
question about it,
Il did nothing in the bank that
thought was wrong and l believe my
friends-and any one who knows me
knows that If a fellow never has
done anything wrong, it is sure tc
come out all right.
I'm not criticising the jurors
Things were presented to them in such
a way that they did not understand
the transactions. Any one can take &
single transaction or a single book
entry and make it look funny. The
government had all the books, they
hluh lllNl any NllAllt1 NOllONilNh VI Wv
cred up. l helped them all | could tc
convict me, and | thought they and
the jury would understand.
Il don't know what is going to be
done. The lawyers handle all that.
I'm busy with my other affairs This
case has kept me away from business
too much already"
Walsh kept his iron control over
himself all day but even a casual OBJ
server could see that the verdict Was
terrible blow to him and to his fam
lily. Yet the stole lion-hearted man.
in his seventy-frst year, never wa
vered or showed a sign Of his suffer
ing. Apparently he dreaded more than
anything else going home to his beau
tiful place at 2133 Calumet avenue and
breaking the news to his crippled wife
who for weeks during the trial has
been i'll and at times in a critical con-