The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-10-24
JOHN E {. WALSH DIES X X
CHICAGO, BROKEN IN SPIRIT
Passes Away From Heart Fail
ure Soon After His Release
From Leavenworth Prison.

- CHICAGO Get 23.-JohH X. Walsh,
former fnancier, released on parole
ffeHi -Hearenwerth -PeHiteRtiaFy, a
week ago. after serving part OF Ave-
year sentence for bank wrecking, died
here today OF heart failure.
Walsh was "a years OF age. he came
TO Chicago In the early days and gain
ed prominence in financial circles
through astute business methods, IL
was ON December 10, 1905. however,
that the hnancier overstepped the
strict limits OF the national banking
laws In his conduct of the Chicago
National bank. OF which he vas presi'
dent. That institution failed On Jan
uary 3, 1907, Walsh was indicted on
49, counts, charged with wrecking
the bank. Through three years OF lit
igation, the financier fought desper'
ately TO staye of prison sentence.
but the supreme court OF the United
States on January Il. 1910, refused
an appeal, and on the nineteenth the
former bank president began his nVe'
year term at Leavenworth peniten-
i-tiaFy.
His friends Immediately began a
titions were circulated throughout the
middle west and great pressure was
brought to bear on the president, put
Notwithstanding this. President Tart
on May 80, 1911. refused to exercise
clemency.
Last month Walsh appeared before
the federal parole board at Leayen-
worth and applied for parole, being
eligible under the law.
His parole was granted on October
Ia. and he was released. after having
served a year and half OF his fve-
year sentence.
AT the time of Walsh's fight FOR a
pardon, IL was claimed by his friends
tIat the financier's Imprisonment was
breaking him down, and the predic'
tioN was made that he would END MS
days In prison. Warden McClaugney
denied these stories, asserting that
the prisoner was in good health.
Walsh appeared somewhat teebler
when he arrived in Chicago Sunday a
week ago: his hair was grayer, and
he apparently had lost weight. Ills
sons. who continued their rather
business after his Imprisonment. de-
clared that he would never again e
enter active business. and II was SAID
that the financier would take long
rest.
Yesterday morning the financier
complained OF feeling tired and did
not arise as usual His son-in-law, Dr'
L. Blake Baldwin, administered sim
ple stimulants. Throughout the morn
liz Walsh lay quiet as II exhausted
At noon he became rapidly worse.
The family physician was summoned
when the patient experienced an
alarming sinking spell. From then On
until evening II was constant battle
OF the physicians and specialists VINO
were called 10 keep the spark OF LIE
in the aged mans body. Early this
morning in the presence OF his IN
tire family he passed peacefuliy
| away
Members OF his family today ex
pressed the belief that the bankes
| death was directly due TO broodinl
over his condition. They say thai
Walsh was greatly affected by the
| long confinement at his advanced aJt
and when released his constitution
was not strong enough to meet the
shocks OF seeing familiar faces.
During the last few days, II was
said. the financier had been worry
ing over business matters.
No funeral arrangements have ye'
| been made.