The Washington herald., 1909-11-07
JUGGLER OF MILLIONS

| Shortly afterward a mortgage Of s6,O00,O00
was placed on his Southern Indiana rail-
road. and the property increased in value
when it was learned that arrangements
had been made for entrance into Chicago.
Unique Method of Walsh.
In January. 1907, one year after the fall
ure. a grand jury began to investigate
Walshs financiering. Stories OF forged
notes were brought at that time, one G.
Paradls alleging that a note for 100000
bearing. his signature had been forged. A
Walsh memorandum system which SEEM
ed altogether unique IN banking business
was disclosed. On certain loose memo
randa were carried records OF various
transactions involving large amounts At
torneys for the government denounced
the methods. but the jury adjourned
without having voted an indictment.
Counsel for the defense admitted that an
elaborate system OF spies had been de-
vised 70 watch everybody whose testi-
mony might have a bearing on the case.
Indictment finally was voted. of which
there were 1S2 counts. The defense sought
20 have the indictment duashed on tho
technical ground of Irregular" They
had not yet seen nj to try TO defend the
methods OF Walsh. A plea IN abatement
dismissed and a demurrer overruled, and
finally trial was set for October Il. 1907.
Shortly afterward another Indictment was
returned. Bond was promptly given in
each case and the defendant went free.
For tho purpose of bringing his road into
Chicago a syndicate was organized and a
loan OF 100000 was negotiated.
The spy system went merrily on its
on valuable documents bearing on the
case were stolen from the office OF the
district attorney This incident furnished
plenty or excitement prior TO the opening
of the trial on November l2 at which
time Attorney Fletcher Dobyns made an
address reviewing the whole case In the
trial there were disclosed some expert
Juggling Of accounts between the banks
and the Walsh enterprises. entries Of odd
transactions. renewal or notes in fictitious
names at the request OF Walsh. stories
Of how notes were converted into cash,
and OF an endless chain system OF Jug
CLING funds, of the manipulation Of rail-
road properties. on January 10. 1905.
Walsh was convicted of the charge OF
misapplying the funds Of the Chicago Ma
tional Bank.
More alleged tecAnicalities were then
invoked 10 save the bank wrecker. A
new trial was asked for on the ground Of
irregularities in the jury room Pressure
was brought upon President Roosevelt in
vain TO put an end TO the prosecution.
Another trial was denied and a sentence
Of five years was imposed. Thence the
case went 10 the Court of Appeals, which
affirmed the verdict and sentence.
Romance OF Gold.
John r Walsh is the subject Of one OF
the romances Of gold which are features
Of American business life. He was born
| in Ireland and came 20 this country when
he was "A lad OF twelve years. He came
20 Chicago 20 lay the foundations of his
Z fortune. It was his indomitable energy
and his natural capacity more than a
kind fate that made him prosperous. His
/ first earned dollars was made as news
/ boy. He had a faculty for leadership and
| soon dominated the other boys I'm the
business just as. I'm later years he domi-
mated most OF the men with whom he
/ came into contact. II was only a short
while until he had established a news
stand OF his own. From this base Of
/ operations his career began 60 expand.
/ He was a boy who used his head. and
it struck him one day that the business