Show lAW OFTEN VIOLATED Secretary Shaw Finds Ready Excuse for John R a Walsh the Chi Chicago cago Banker Chicago Dec of the Treasury Shaw arrived in the city from Washington this morning and In Inan inan an interview practically declared that there would be no criminal proceedings growIng out of the closing of the Chi Chicago cage cago National bank and the Home Sax Sav SavIngs Ings bank of this city He said John R It Walsh did not take one dol dolla dollar la lar dishonestly He did no more than many other bankers In the United I States are doing aU all the time tiThe The rumor of criminal prosecution declared the secretary Is nothing but talk There has been no embezzle embezzlement ment or theft For every dollar taken out ed security was placed within The depositors will get every dollar they deposited and when that has been accomplished the responsibilIty Ity of the government ceases That part of the bankIng law prohibiting the loaning of more than 10 per cent of the capitalization to one man may have been violated That Is not a criminal violation and all that can be bedone bedone done Is to liquidate the bank and pay payoff of off the depositors The violation of that law by one bank is no more than has been done by almost every bank bankIn In the country |