Salt Lake Herald-Republican | 1908-01-04 | Page 1 | Hurt Defendant's Case

HURT DEFENDANTS AS ASE Testimony of J N Faithorn Who Told Much on tion in Walsh Trial Chicago Jan 3 Substantiation of the endless chain system which fig figured figured in the governments case against John R Walsh was given today toda by byN J JN JN N Faithorn former vice president of the Chicago Alton railroad a wit witness witness wItness ness for the defense and Walsh formed a syndicate in 1900 to take over the Wisconsin Michigan railroad On Mr Ir Faithorn admitted that he secured r stock in the syndicate but that he lie did not pay any money there for Instead he gave a note for to the Chicago National bank When the th note fell due It was cancelled and paid with another note It was sa brought out through this witness that the first mortgage bonds of the rail railroad railroad railroad road to the extent of were vere bought up u by the syndicate at 25 cent centt centon on the dollar and that some of them thorn were sold to the Chicago National bank at t 95 cents on the dollar