John Sadleir

Who was John Sadleir?

John Sadleir was an Irish financier and politician.

He entered the House of Commons of the United Kingdom of Great Britain and Ireland in 1847 as a Member of Parliament for Carlow. Sadleir co-founded the Catholic Defence Association in 1851 and was one of the leading figures in the Independent Irish Party which held the balance of power in the House of Commons when it formed in 1852.

He went on to hold minor office in Lord Aberdeen's coalition government from 1852 through 1854. He resigned his ministerial position in 1854 when he was found guilty of being implicated in a plot to imprison a depositor of the Tipperary Bank because the individual in question had refused to vote for him.

By February 1856 the Tipperary Bank was insolvent, owing to Sadleir's overdraft of £288,000. His own financial affairs were ruinous, and in his efforts to solve his problems he milked the London Bank, ruined a small Newcastle upon Tyne bank, sold forged shares of the Swedish Railway Company, raised money on forged deeds, and spent rents of properties he held in receivership and money entrusted to him as a solicitor. In this way he disposed of more than £1.5 million, mainly in disastrous speculations.