Show WE COILTY former president of chicago national convicted on fifty four counts of indictment penalty is imprisonment for not less than five years nor more than ten years for each count new trial asked for chicago john R waist walsh former dent of the chicago national bank which closed its doors in december 1905 was found guilty on sat arday on fifty four counts of the in against him charging mia mi application of the banks funds the verdict was returned by a jury in the federal district court here walsh was permitted to remain at liberty under the bonds furnished by him after the indictments had been returned against him one year ago pending the hear ing of arguments on january 28 on a motion by his counsel for a new trial the penalty fixed by the statutes lor for the offense ense of which the aged financier was convicted Is imprisonment for not less than five years nor more than ten for each count upon which his guilt nas mas established the district attorney estimated that the trial had cost the united states government the district at torney s office was engaged nearly a bear ear in preparing the case |