The sun. [volume] (New York [N.Y.]) 1833-1916, 1879-05-29

Deductng from the sum total Of the assets
both the doubtful and worthless notes. there re-
main assets 10 the value OF 116.71O33. The
cN'rss OF Liabilities over assets would then bs
S292J ssl.l6 Eecenty tho creditors OF two
congregations u the city OF Cincinnati can
ce,ird one-hnlf Of their claims. amounting TO
Sf3UuOO, This cancellation reduces the debt TO
~ 400 ssl. 10. Tho same disposition 10 throw
OF one-halt Of the claims. or even more. has
been widely manifested by all the creditors
Accepting the payment % so per cent. as the
basis OF settlement. TO which the creditors are
disposed To come when they are assured OF the
hnNh.ht OF tne remnlnder ana making the
widest allowance for the doubtful character OF
n portion Of the notes, the payment Of which is
not counted on at all u will he seen that the in
debtednrss Of the Archbishop OF Cincinnati Will
be requcea 70 plilion ana u hait 81 dollars.
whole country arc moving. IN the unity Of Cath
Ole faith and charity. 10 the AID Of the diocese
Of Cincinnati the inithful OF that diocese will DO
inspired. without doubt. 10 do "a most generous
part in relieving their good Archbishop 81 his
heavy burden; In the past We know that they
have not been idle. Their great zeal and cour-
age in the calamity that has fallen upon their
diocese are we'll known aud deserve nil praise.
Many Of the more wealthy have subscribed a
thousand dollars; congregational and indlvid-
ual donations have amounted 10 tens Of thou
sands OF dollars; committees have been organ
lied TO relieve suffering creditors; diocesan
dent societies are multiplying from day 10 day
g hasten the extinction OF the debt. What has
been done in the past is bright omen Of sue
all the Catholics OF the country will certainly
enlarge the noble spirit the diocese OF Cincin-
natl has already manifested,
sad as Is the exhibit mere presented, yet the
final figures were received with u sense Of re-
lief, and othope that the evil may not be- IRENE
diable. Especially did we feel encouraged to
action by the Willingness already manifested by
q portion OF the creditors and confidently hoped
for in tho rest. to arrive at an hOnorRble and
Charitable compromise.
Had the condition OF things been such ms was
at first feared, we could have had no courage 10
approach an apparently insouble problem; or
had the creditors shown no willingness 70 make
the abatement which honor and charity dictated
under the circumstances. we would have scarce
dared 10 put our hands 10 4 work that would
still be beyond the reach OF all practicable meas.
ures. God forbid that We or any one should
wish 10 take advantage OF creditors in difficult
ties which, weigh ms heavily on them as on their
deftorl We fully recognize that obligations Of
justice are in no way diminished by such DIM
cultIes But since the obligations can be met
only lay tho charity Of parties who are In no way
should be met half waY by the charity and honor
OF me creditors especially as SO very large
proportion Of the entire debt consists OF accu-
muntcd compound interest.
All this being taken into consideration, the
hssripb.ed prelates resolved that united action
shguld be taken. as follows:
Each preate agrees to have subscription lists
opened without delay in every parish Of his do
cese Tor special contributions. to be paid at once
or IN nstaments OF hve years one copy OF
tFery such list when closed, TO be sent 10 the
pflluhry and one 10 be Kept by the parish priest
e gI se collection OF me amounts subscribed In
tacn parish or mission there shall also be n col
meuon taken uD on some Sunday previous TO
a4 III lsl 81 November OF this year, by which date
w subscription lists and amounts subscribed
Ordinary.
=, A Central Committee have consented to take
vlHlse o. an the funds thus collected and see to
tneir Judlclous disbursement This Committee
III w eohslst oi his Eminence Cardinal McClos-
~ the Most Rev. ,; j. Williams, Archbishop
Nlcar-General OF New York
4, As substantial proof OF the eArnestness OF
Tie assembled prelates. list was at once made