Erected in the 1950s by public subscription this memorial is situated close to the home of Patrick 'Staker' Wallace. Wallace lived and farmed in Teermore townland and was active in land agitiation in the late 1700s, falling foul of authorities in 1798 when he was accused of planning for the assassination of the County Sherriff Charles Silver Oliver of Castle Oliver. Wallace was captured as the result of a manhunt and the route he ran in an attempted escape is still remembered locally. Wallace was imprisoned, flogged and executed in Kilfinnane in the Summer of 1798.