Show 1 WALSH LOSES FIGHT BANKER MUST SERVE SENTENCE OF FIVE YEARS FOR MISAPPROPRIATION MISAP-PROPRIATION OF FUNDS I Long Legal Fight In Endeavor to Save Aged Man From a Convicts Con-victs Cell Seems to Have Been Without Avail I Chicago The verdict of the trial court which found John R Walsh guilty of misapplication of tho funds of the Chicago National bank was affirmed af-firmed by tho United States circuit court of appeals here on Tuesday Mr Walsh must servo the sentence of five years imprisonment Imposed upon him by the trial Jury save In the event that tho supreme court up lets the affirmation of the verdict of guilty handod down Counsel for Mr Walsh in their appeal laid stress on what they alleged was a lack of criminal crim-inal intent on the part of the defendant defend-ant In the very lengthy brief which they filed much Law was quoted to show that the convicted banker used I tho funds of the bank in what he considered a legitimate manner I To obtain funds for the varied enterprises en-terprises In which he was Interested Walsh had recourse to the funds In his three banks In covering up the e loans it is alleged he used memorandum j memoran-dum notes signed with tho names of clerks who were not consulted in the matter For two years it was charged that Walsh Ignored tho demands of the comptroller of the currency that he place his banks on a firm foundation and when the crash came it was dscovered that 66 per cent of tho securities se-curities htld were those of Walshs properties Of the 25000000 deposits depos-its 16000iruO were represented by the paper and securities of the Walsh enterprises |