Lawrence B. Daley, city treasurer

August 09, 2006|By FREDERICK N. RASMUSSEN | FREDERICK N. RASMUSSEN,SUN REPORTER

Lawrence B. Daley, former chief of Baltimore's Bureau of Treasury Management who later became a Mercantile-Safe Deposit & Trust Co. lawyer and official, died of cancer yesterday at the Essex home of a daughter. He was 82.

Mr. Daley was born in Baltimore and raised in Highlandtown. He was a 1941 graduate of City College, and during World War II served with the Army Audit Agency. He remained active with the Army Reserves and was recalled to duty during the Korean War.

He became a certified public accountant in 1947 and earned a bachelor's degree from the Baltimore College of Commerce in 1962. He was a 1967 graduate of the University of Baltimore School of Law and was admitted to the Maryland Bar the next year.

FOR THE RECORD - An obituary in yesterday's editions for Lawrence B. Daley misstated the year of his 1988 retirement and misidentified a surviving sister, Bernadette Beichler of Abingdon. The Sun regrets the errors.

Mr. Daley was a CPA for Haskins & Sells in Baltimore until 1956, when he became chief assistant auditor for the city's Bureau of Treasury Management. He later was promoted to assistant treasurer, deputy treasurer and finally chief of the bureau - a role in which he also became, with city Finance Director Charles L. Benton Jr., a trustee of a controversial quasi-public development bank in the mid-1970s.

Over the years, the bank controlled more than $100 million, much of it from bond issues, that was used to foster economic development in the city.

Mr. Daley resigned from his city roles in 1980 after disclosing to a City Council committee the existence of millions of dollars in city assets that the mayor's administration had hidden from the council, according to a 1988 article in The Sun.

"During the days when it was tough going for the city, he was a good financial man to have around. He worked hard, was dedicated to his job and was a bulwark of strength to me when I was mayor," Maryland Comptroller William Donald Schaefer said yesterday.

"Larry was very smart, loyal and had integrity. He was modest and self-effacing, and you could always count on him to tell you the truth," said City Councilwoman Mary Pat Clarke.

"He was a quiet person, and a lot of people never noticed him in a room, even though he was one of the most important individuals there," she said. "He was extremely proud of his association with William Donald Schaefer and of his work with the City Council. He always answered in great detail the questions we asked."

In 1980, he joined Mercantile as a lawyer and vice president in the bank's trust department. He retired in 1888.

Mr. Daley was recalled to public service during the first term of Mayor Kurt L. Schmoke, when he headed the Mayor's Debt Affordability Task Force and served as chairman of the city's Industrial Development Authority.

The city Board of Estimates hired Mr. Daley in 1988 to assist in the sale of $118 million in bond anticipation notes.

He had been a member of the Off-Street Parking Commission and of the boards of the Municipal Employees Credit Union and Lexington Market.

For years, Mr. Daley lived in Hamilton and Gardenville before moving to Oak Crest Village, the Parkville retirement community, in 1996. Since 2001, he had been living with his daughter.

He was a former 40-year member of Gatch Memorial United Methodist Church, where he had been auditor, finance chief and treasurer. Since 2001, he had been a member and treasurer of Back River United Methodist Church.

Mr. Daley was a fan of Shetland sheepdogs and a supporter of Northern Chesapeake Sheltie Rescue of Abingdon.

Services will be held at 10 a.m. Friday at the Miller-Dippel Funeral Home, 6415 Belair Road.

Surviving are his wife of 53 years, the former Arlene Luthi; two daughters, Donna A. Starkey of Essex and Linda S. Holland of Towson; a brother, Leonard Daley of Essex; three sisters, Delores Domoski and Mary Daley, both of Baltimore, and Bernadette Biechler of Essex; five grandchildren; and eight great-grandchildren.

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