A FRAUDULENT BANKER.
Press Association —Copyright. New York. March. 14. Walsh, President of the defunct Chicago National Bank, who was convicted in January last on a charge of misappropriation, admitted the lending of 16,000,0u0 dollars of the bank funds to assist struggling enterprises. He has-now been 'refused a new trial, and sentenced to ,-five years in a penitentiary. gHejjappealed against the conviction, and was released on a hail of £IO,OOO. The Judge remarked that a banker ought to he nothing but a hanker. Nobody could serve two masters. The accused had practically lent himself 'for the purposes of speculation, and had misappropriated three-fourths of the bank’s assets.
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https://paperspast.natlib.govt.nz/newspapers/RAMA19080316.2.28
Bibliographic details
Rangitikei Advocate and Manawatu Argus, Volume XXXIII, Issue 9096, 16 March 1908, Page 5
Word Count
107A FRAUDULENT BANKER. Rangitikei Advocate and Manawatu Argus, Volume XXXIII, Issue 9096, 16 March 1908, Page 5
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