The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1920-12-27
Get-Rich-Q Quick Bubbles That Have Bur.
WHAT SMILING FACE COST TIPPERARY
BY HARLEY MATTHEWS


Keep smiling, is ever the motto Of
the gamblers of finance. Perhaps
they believe that the memory of the
smile will make poverty more endur.
able when 1t comes to those who
trusted in their schemes.
Who was John Sadlier to establish
q bank? But the people OF the county
Of Tipperary, ireland, in the middle OF
last century did not pause to ask them
selves that. 1t was sufficient that the
bank was to pay higher interest than
any bank before. Every customer
would be a shareholder as well as a
depositor. No depositor in difficulties
would ever want.
The county knew him we'll enough.
Not as a banker, certainly, but as
young lawyer practising at Carlow. At
81 he had been left $4,000 and in the
few years since, the law practice had
brought him in a lot more. So If John
Sadlier could make money for him
self, what was to stop him making 1t
| for the county?
At every fair he was to be seen,
distinguished yet not arrogant, smile
and word for everyone. The coun-
| ty was proud of him, and as soon as
,, his bank opened, lodged in it $500, 900.
More and more people brought their
savings, and. in a few months there
| were 20 branches of the Tipperary
bank operating in the county. THE
more money, the larger dividends and
interest for everyone" said John Sad
lier. Keep it up and we shall be de-
claring bonus of 20 percent at the
end of the half year"
I.rffn
were passed thanking the man who
the county. Who else could be made
it's president but John Sadlier, with
his brother James for manager?
In few months the parliamentary
elections were to be held. You must
60 and look attire the county's inter
ests in London" people said. And to
| show their trust in him he was sitting
in the House of Commons at the next
sessions.
When he reached London they did
not learn anything to make them fear
their confidence had bsen misplaced.
His speeches in the House of Com
mons moved all listeners, and. in a
debate on Irish Home Rule, he showed
himself a patriot, winning many OPP
ponents over by his charm and ability.
land was honoring its idol. News
came that James Sadlier was appoint
ed Lord of the Admiralty at $4,000
I a year.
i But this was not the end Of his sue
ces. London magnates hearing of the
success of the bank in Tipperary. ask
ed him to join them in their schemes.
In a few months he found himself
president of the London and China
Trading association, and director of
two other large concerns. Yet could
it have known, Tipperary had more
> than the interest of pride in his iden-
tity with these concerns.
It heard only the good news. and
even those who had mistrusted his
schemes brought their savings to the
bank, attracted by its unusual induce
ments. But no one in Tipperary heard
of Clara Morton, the chief dancer at
Her Majesty's theatre. Enchanted by
her beauty John Sadlier was shower
ing money and jewels upon her, pro,
viding her with a palatial house and
! many servants. Nor perhaps did they
: hear of the evenings he spent gamb
ling at the most aristocratic club OF
, London. London heard of his losses
and was not surprised when WORD
was passed that he was privately sell
ing a million dollars worth of his Lon
don and China stock. With the mon
ey from the sale he began specializing
recklessly on the Stock Exchange.
His engagement to Clara Morton
was announced; but his money was
disappearing fast in keeping her in
splendor. as we'll as in his specula
lions. His salary of $4,000 went no
where. People wondered where he
was getting the money from.
, Then at a meeting of the London
and China company he heard it sug
+ gested that there must be some bogus
scrip on the market. John Sadliel
went to see Miss Morton before the
play that night. Here is $4,000 fol
!. you, Clara You will never see me
again"
Before she could ask a question he
was gone. Next morning the papers
announced that the dead body. of John
Sadlier had been found on Hampstead
Heath, bottle of laudanum beside it
A letter in a pocket stated that the
=, writer had forged the shares he had
sold, and that he was now taking his
! life. There was little doubt that il
was suicide; and such was the verdic,
). of the coroner's jury the following
, day.
Tipperary had just heard that the
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