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Show L , BANKER WALSH ' POUND COlI Former President of Chicago fi lional Convicted on Fifty-fo t! Counts of Indictment. Penalty Is Imprisonment For Not .) Than Five Years Nor More Tk t Ten Years For Cseh Count New Trial Asked For. a Chicago John It Walsh, for , I president of the Chicago Natl 4 I bank, wMch closed It door In," it eember, IDAS, waa found guilty on : 4 unlay on fifty-four count of th Idlclment against him charging i y . application ot the bank" funds. - verdict waa returned by a Jury In .1 federal district court here. Walsh i i ! permitted to remain nt liberty ua t the bonds furnished by him after) 4 I Indictment had been returned ngal ( I Mm one year ago ciidlng the hi I lng of argument on January 28 i 1 motion by bla counsel for a new trj t J The iwnally fixed by the statutes! J I the offense of which tho aged flnand t t was convicted I Imprisonment for t I lea than Ave year nor mora than t 1 for each count upon which hi gi(t ' waa established 1 I The district attorney eellmntod tfa the trial had coat Ihe Unltod Htal I government 1 100,000. The district it I torney'i office wa engaged neartyfi 1 year In prejiarlng tho caae. I |
