The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-07-04

-Four Millions or Dollars for the Pope OF
Rome.
His Holiness the Pope applies through his
financial agents, Duncan, Sherman & Co., for .
loan OF four millions Of dollars. We sincerely
hope that he may get the money. The tempo
raj affairs of his Holiness have not been very
prosperous Of late years, and certainly he
ought to be furnished with sufficient funds to
live and die like gentleman. In the agents
whom he has selected the Pope has displayed
great common sense. Duncan, Sherman & Co.
are an excellent firm Of very respectable Epls-
copalians, and are far preferable for the Pope's
purposes to any Jew bankerA We presume
that with their contributions to the cause Of
Ireland and the Fenian bonds and the money
sent over to their families in the Green Isle,
the poor Irish porters, walters and servant
girls have but few dollars ON hand to lend to
tho Pope. But there are many rich .Irishmsn
who ought TO subscribe, and thousands Of
Puseyite Episcopalians-who are not so worry
different from Roman Catholics after all
should come forward and assist his Holiness in
bis pecuniary difficulties.
It strikes US, however, that tho secarity
which the Pope offers is not very good. The
Papal territories and the revenues Of the Papal
States are in an exceedingly precari0us con-
dition. The Italian government have just
sequestrated all the church property they can
seize, as Henry the Eighth did In England and
as Macmillan the First and Last undertook
to do In Mexico, following up the
policy Of Juarez. In the war which
has broken out in Europe tho Pope
will surely go to the wall The papacy has
completed the natural ago Of all temporal
Powers, and 1t must die. IF the Pope had
taken good advice, yielded bis territories to
Italy with pious grace, and relied wholly
upon his extensive spiritual dominions, the
most of his troubles might have been avoided;
but now he will be crushed between the hostile
cannon and forced to relinquish those treasures
upon earth which, as q good Christian, no
ought to have willingly exchanged for trea-
sures In Heaven, where moth and rust do not
corrupt, nor thieves break through and steal,
nor the Italian and Prussian governments,
backed by France, declare war against Aus
tria. But the Pope, infallibie as he may be in
spiritual affairs, chose the wrong course tenn
porally. and the result Is that he IL obliged to
apply to us for a loan, Offering us no other
security than the territories and the revenue Of
which he Is soon to be deprived
Nevertheless, this Is deficiency That may
be easily remed,ed. The cash box Of his Holi-
ness Is empty. but he still holds tho keys of St
Peter. Let him add plensry indulgen to
each coupon attached to the bonds which Dun
can, Sherman q Co. have for sale, and bis loan
vii! soon be at premium higher tnan gold.
4 Papa' bull TO This effect would Cause unpre-
cedentcd excitement among tho financial bulls
81 Wall stTeci. Everybody can dnd plenty of
loans in which 10 increase his money ut good
interest; but the Popes loan would be the only
one that could be quoted in the next world, as
well as Ia this. A lien upon the golden streets
and jew lied walls of Paradise would be much
more satisfactory than the security Of q small
lot of ground that may soon pass out of the
Pope's possession. Nor Is his Holiness without
a precedent for such use Of plenary indul-
gences Pope Leo the Tenth sent Tetzel into
Germany to dispose Of them TO oil who con-
tribr.ed money for the rebuilding Of the Cathe-
dral Of ST Peter. II is true that this lct indi-
rectly occasioned the great reformation which
Luther led, but there need DO no fear Of any
such consequences in this age and this coun-
try. On the contrary, we have 80 many con-
flfned sinners among our politicians, Ananciers,
lawyers, clergymen and high and low society,
that the loan, II backed by q plenary indul-
gencc, would be taken up faster than the bonds
could be printed. Then IL the fortunes Of war
made IL necessary for the Pope TO leave Europe
he would find . warm welcome here and Q
large balance Of his bankers, and we would soon
at him up a'hous&on the Fifth avenue and
build him marble cathedral that would cause
him to forget st. Peters We beg his Holiness
to think over this practical idea very seriously.
His loan may not 60 or well at present, be-
cause the security Is not substantial but let
plenary indulgences be afixed to the coupons
and we guarantee that Duncan, Sherman d Co.
will have their hands full Of orders, not only
from Roman Catholics but from all sorts Of
Protestant sinners.
The EXCISE LAw-THE REcoRDER's DECI-
soS.-Therc appeared In our columns yester-