The Waterbury Democrat., 1943-03-05

He also pointed out that Atty. George Cohen of Hartford, counsel for the Good Government Assn, was protecting the city's interests in the SeOo,000 suit against Leary and would continue to do 90. He welcomed, he said, any information that might reveal the existence of hidden assets which the city might attach or make recovery from.
 Com. 0erardi was urged to study the federal governemnt's lien, filed in tho Town Clerks office, to sec how all-inclusive it was and how difficult 1t would Do for the city to get first claim against any Leary holdings unless Q decision to this effect could he secured. At the pres. ent time tho city is awaiting Q rul. ing from the United States Attor- rey General on the question of prior claims and was recently assured that the same would be decided shortly.
 Mayor Monagan in remarks to the board said that while Com, Camp didn't think the subcommittee, of which he was originally 0 member, should Do proud Of It's work, because actually he had accomplished noth. ing In the way of recovery of money, still it had not neglected anything In It's efforts to find ways and means of recovery and hence might Do proud 1t had heen conscientious and thorough in its Investigations.
 It was pointed out 'in discussion by board members that the public was being guided by editorials and articles into false understanding of the situation. Two things were first considered by tho suh.eom- nlltteo, 1t was stated. What assets were there among those alleged to have received money Illegally from the city; was there reasonable be- lief that legal action would result in recovery of such money9
 With these two thoughts in mind the eommitbso, according to State- ments made before the Finance Board yesterday, delved Into the fi- nancial position of each individual concerned In the "conspiracy", checking thoroughly anything that might indicate on avenue of legal recovery. The result was just aS tho subcommittee reported two weeks ago, namely, that suits brought amount simply to persecution and recovery, If any, would not warrant the legal and court expenses.
 Further consideration of tho poS- slbility of recovery was encouraged and Mayor Monagan acting upon 1t named Com, John Brophy to the subcommittee.
 At the Aldormanic Board meeting last night the matter of suing for tho stolen funds was reopened and Comsr. William V. derArdi, alder manic member of tho board, TO. quested information on the subject
 MT. 0erardi commenced by saying that hO Is not "on0 to advocate throwing good money after bad" but called the boards attention to per- BiStent runorS that eXsController Daniel J. Leary has s7e,000 worth of assets in Q Waterbury bank.
 Comsr. Camp declared that the S70,000 derardi had reference to Is already under attachment filed by tho Citlzens Good Government as- sociatlon and the federal govern nlent.
 Statements to the affect that peo. pic involved may have money hid- den away in safe deposit boxes. And if such conditions prevailed, 1t Is impossible for the board of finance to determine who's got 1t, where it's hidden and how much the purse amounts to.
 MT. derardi admitted that the work of the subcommittee was not above criticism. He added that tho committee did the best job 1t knew how.
 l The discussion was ended and