The Sun.
London, England, 1856-04-04 00:00:00

'THE SADLEIR FRAUDS.

The extraordinary diclesnres partially made in
the eifidende•(riven by Messrs. Kennedy and Mor-
rogh before the Mister in Chainiery have, if it were
possible, added to the surprise created by the con-
clusion of the career of the giant swindler, the
extent r2Q-o,h9s.e,frands, great as they were, is even
yet imPerfectly known. A. few days more may,
probably, further enlighten the public With respect
to John Sadleir's transactions in the Encumbered
Estateiteburti as the documents promised, to be
produced by the solicitors above, named cannot
fail to afford-fullinformation upon. this
.chapter of
the suicidp's history. The Freeman's Journal,
commenting upon the revelations of Tuesday last,
observes

appears from the examination of Messrs. Morrogh
and Kennedy, before Master Murphy, that the hope in
which the. depo-itors indulged was delthive, and that not
one singfe:peich, of the land pqcl'ased -by Mr. Sadleir
with :their money has been in any way charged with the
sums' so advanced. The London and
.0 linty Bank has
pt no less than 20 assignmenthi of Irish property Pur-
chased by. Mr. John Sadieir, no. doubt, mostly by toe
moneys alvanced by his brother, Mr. James Sadleir,
out of the coffers of the Tipper4ry aink ; but, so, far
as we can gather from the facts elic.ted at the Master's-

office, on Tuesday, the shareholders of the Tipperary
Bank,,haye rtceived no security of any kind against
the lat:ds purchased in the Irish court, and ,ire shut
out from all claim on them by the Llindaii and County
Banff;;. „Thse who frequentNl the &let:inhered Estates
Court-on auction days, or who perused the lists of put-

chasers, will remember that at a very great sale the
name of Sadleir appeared as the purchaser of the prime
lots. The vast sums so iuvesteol in his name excited
prise at the time. Those only, however, who were in the
secret knew that it was a vast scheme, in which specula-
tion and fraud were so commingled that even now it is

difficult, -with
.the aid of all the light thrown on these
events by the suhsequent di,c'osures, to say, where one
bligari:aud,viliere the other ended. In every case it would
anpear that the Tipperary Bank supplied the funds. Mr.
Norris's name was to be used in a transaction of over
10,0001., the mysterious character of which hasyet to be
unravelled, ;and the Tipperary Bank supplied the cash.
The mortgage affords no clue to this fact—the deed dis-
closes no . trust on the face of it ; it is yet .nocertain
whetherthe Mortgage was bona fide to Mr. Norris indi-
vidually .or to Mr. Noce.s in trust for the bank, but Mr.
Morrogta.gives the creditors of the bank the benefit of
his memory and impressions, and both concur in show-
ing that the money came from the coffers of the bank.
We must admit that the purchases maie by Mr. Jawcs
Sadleir seem to'require as much explanation as those
made by his late brother, and that gentleman will have,
in defence of his own reputation, to di.close with great
minuteness - the circumstances which caused laird to
have the property legally vested in that other party,
at a time when no pecuniary transactions with the Let:-
tious buyer aud. no family arrangements seem to have
requilieyl that Clincealinent. The Cause of the conceal-
mentos involvCd in mystery. ;The facts already known
to the public suggest but one explanation—that the
money wtih, which-the property was purchased was the
money of the Bank, not Mr. Sadleir's, and that-for some
as yet unexp'ained motive he was desirous not to ap-
pear to have had snob Command of capital. Mr. John
Sadleir's plunder of the Tipperary Bank amounted to
200,000/. There are other two hundred thOnsands unac-
counted for. The Glengall Mortgage; if Mr. Morrogh's
impressions be correct, accounts fur 10,0001. The Kin-
connell estate seems at present to, account f0r.12 or 16
other thousands ; but it is hardly possible to be!ieve, if
this Kiri66nnell property' was really purchased ; with the
money of ihe bank, that the manager who attempted to
conceal the fact of his having purchased that property .4
and who, when the bank was more than insolvent, t
fabricated and circulated a report representing the Oat,'
on the year as 9 per cent., has not effected some other
concealments', the -aiselosing of whie'l will lessen the
calamity which hielmanageiiient of the batik has brought
on b 0 many ; innocent -.victims,. We may,he
,yirong io
.sor-soirmises, but no person can have read the proCeed-
ings on Tuesday '• stwithout feeling that we are at least

• . ---
441;14.fi4gl in,belieYitz that, so far as the ruin of the Tip-
perary Bank is concerned,. Mr, JaR.- Sadleir was more

guilty than even John Sadleir, a.Jd he 'is.'the'party to
whom the shareholderh and the depositors principally

owe the eaunitouß e,hdition to Which they have been

reducid. Ltindnn and C,,unty Balk have obtained
fr.im Mr. Ji tin Sadieir 20 assi,nwents. Mr. .J.Fee.i-fs

Sadleiq, who actid on behalf of ~the Tipperary Bank.
and who advanced to' his brother over 200,009/. of the
moneys of thlt bank, does not appear to have..,btained
even thi7semblatica ofa securi.y for these advances, and
unless the Itirielmnelrestate 'affair be sati,factoiily ex
plained the ;sl,arehol4s and depositors will be disposed
to cOrichi'de ttit their money 'was concealed behind, the
name ofifie and that arrangements were de.iberately
made for glidingipietly into the enjoyment of that
estate by a proliess which it will be the duty of the offi-
cial manager to ascertain and to expose, bat which at
present we do not desire to characterize."