The morning star and Catholic messenger., 1878-12-29

To help him out of q tight place and with this
ana the money raised on mortgages during the
| past ten days. Father Edward las been able to
pay off Sio0 900 of the most pressing claims
| iet 1t Is said tonight on undoubted authority
that there are still some of the3 protested notes
| unpaid and unprovided for. Mr.. Sprin ger is q
] devont Catholic, ohildless, and O widower. He
f, Is able to Command several millions in cash on
| short notice. and it Is hardly probable that he
VIII allow the church to snffsr serious Losses,
or Its property to go under the hammer, al
though it must be admitted that its members
are now suffering largely from inability to
| obtain their funds, and toe oh urch property of
| the diocese is threatened by the angry cloud
which overs adowa it.
The Suns correspondent called at the Arch-
bishops residence this evening, but HIS Grace
was absent, attending to some duties at one of
the colleges of this olty. Father Edward Par
cell was, however, found in his study on the
h7st floor of the residence, with an open Bible
upon table before him, pen, ink and paper at
hand, and the table strewn with books and or
nsments On the introduction of the subject
Father Edward, IS be is familiarly known
here, smiled and seid, There is no serious
trouble. We shall soon be able, hope, to pay
all demands, aud atn at least sure that no one
will lose anything by u.s."
-"R1t hasn's tteEe asoa heavy raaSasSn
yon z" asked.
pie have come in for their money aud a Rfeat
many have got it".
You did a regular banking businessi" 1
s1ggested interrogatively.
money that was brought TO us to keep, and
loaned it ont to churches and parishes or indi-
vidnaIs. or invested it in real estate
bat you paid interest on these deposits, did
you not 7"
Eyes, on some of them"
Which" Iauggested, sis considered rather
unsafe business by bankers"
The reverend Chan oellor replied with q smile
and silent shrug of his shoulders.
Would yon object to stating the number Of
depositors or your liabilities !" asked.
Va Lor ia.
is really not the business of tho publio. Be
the depositors few or many, they cannot lose !
in the end. Tho Church has too much proper |
ty to allow this"
Then you consider the church property |
liOble for these debts :"
Yes, the properly is in the name of the
chbishop, and the money has been loaned
TO build churches aud invested in real |
estate for the church and other me ans of this
sort. We have not squandered auy of it for
ourselves, but have cared for il as tho property
Of the church. A worry small fraction of the
,hurch property in our diocese would pay oil
ts debts, but will not l think, need to call |
upon the church for any"
Father Edward then gave me the folio wing
written in his own hand, for trans
mission to the Sun:
To the Editor Of the Sum
Sir-There is no greater excitement in our
Catholic community than what occurs in times
u unusual financial disturbance. As there is
10 mortgage or Judgment or lien on our
,hurches or institutions, whether charitable
'r educational, there oan be danger of loss
o any EDWARD PURCELL"
1t is probable that il the Archbishop and his
haneellor are able to pull through the dnna
ulty in any way, they will scarcely go into
he banking business again. Indeed, tho Arch
bishop is said to have opposed the idea of en-
arking so largely in financial sffAirs and oar
ying on the banking business during the pAst {
sw years. 4
CiRcianGi, Dec % The venerable Arch
ishop Purcell, who has had ch args Of tho Co ;
hOlio interests inithia city many years, sn-
Danced to the Cathedral congregation yester.
erdsy that he had written to the Pope asking
, be relieved, account OF infirmities and '
Id age. In his remarks he alluded to finAn-
al mAttera, and folly convinced his hearers 7
lat fears need to be felt as to in veStmen 10 t
lrouGh him, as they were secure, and would f
. returned in due time. q