The sun., 1889-12-08
lEYBOURN'S BANK, NOTLEOS.
AN AH3ZyN0 YARN OF MILLIONS
AND ROMAN IRELATBG


col. George William Cameron Leybourn,
whose boarding house is at 1888 East Twenty
sixth street. will probably wish he hadn't when
he reads this mornings papers. He told tho
Herald story OF tho alleged formation In this
city Of gigantic banking and trust company
under the sanction and special blessing Of the
1ope to be the bank OF deposit Of the Roman
Catholic funds OF the entire world and the
trustee OF all Catholic Institutions and urder-
taktngs: and tho story occupied page OF yes
terday's Herald The Universal Association
GanR and Trust Company was the name OF this
big religious banking house, name which. 1t
wac stated, WAS the Popes own suggestion. and
it was to establish, or had established already.
branches in Paris and London. The capital
was to be $100,O00.00O.
Tho story was illustrated by q picture OF
the apostolic benedictIon on the Colonel and
his associates, in the blank form OF which the
Colonel is described rs the "IeRate' OF the
Universal Association Bank.
1t was discovered yesterday. soon after Col
Ioybourn had got into print. that the Universal
Association Bank and Trust Company had no
moro substantial existence here yet than
wish in the mind OF the Colonel Col Ley
bourn did have the support for while Of
Father Sacchari. Secretary OF the Index at
Rome, until Father Saechari came to distrust
foc- Leybourn did open neGotiations
10 bur the charter OF the Com
mercial Trust Company. an Organization
sais'ence. % fhe charter was grSnted under the
hs % liza a
Optlon on it from last spring some time until
oo Of ihs M Sas
1es pHa WIZ ss G sad So;
4
Sis Sf interest. re IT, Fhs Vatican has noshisG to do
with the scheme. Archbishop Corrigsn refused
tried 70 bride him to favorit.
proposition Of his e establish branch Of the |
s1S5S Dn IL So SHf Sant n f%' Esd In s orsRd iRd
business. and Leyb bonrn proposed e Ny. lynch |
70 put branch In homS I1S he sad h. ho had in.
aP% cOpd ,nS EES ShqFGa ,ba
sept TsnS ~ SSSt
there I1'yS was proposition aioSt to establish q
branch of the Emigrant Bank in Rome. He
wanted to know whether the President and
irrol. ol.roachable Integrity" In repIy Archbishop
Corrigan wrote assurances that the bank was
L{nch we're wealthy and jealous Catholics
nni called on the. ArchblShop. Archbishop
{ orriGan did not M know the I'M men; but p as he
om tS5hsG
talk about sstabli9hinR the branoh Of the
migrant Bank in o Rome. ,Archbishop Corri-
i, and they both disapproved. Leybourn. 1t
eppeared had come over here on his own hook
Father saeehari wrote to the Archbishop on
Mr. Leysourn inform. m: that hc ~ has 2ot been able
O rendered honor
2 Ole testimony l. DO not know the reason do not
* has 6S3I: 5S%
neuded.
Archbishop Corrigan was astonish he'd to re:
Setye &c Iss Letter itch from Father sacchar on April
81 h :: ss S.1.sn
OF The Archbishop.
A5shSshoR m 0Sfan % had Just sSiSr: t9t'
syboaPns a1s srsnd Hf aS saaR 1Hesr
making some INQUIRIES DO wrote to Father
ssr
wrote to the Archbishop thanking him for the
1 ~ 70
empt to implicats the Holy Father and tho
This reierroi 70 W = Statomsnt & me T. IN In tho Arch
bishops letter that Icy bourn had now new
ss cathoc e % 6snS Iss6oarn had % said 1o%o
thing Of this Pcbeme 70 the ArehSishop and
n d.s s'd aS saa a% fHd SS Raa PSs
I%riss u, Of +. t Es%s; In IPpsciSaine he PSPf
bank. BE wanted Archbish hop Corrigan to sane
istiihod I to have anything hi'1E9 10 DO With the
scneme
ld Tsa ssan y. bs sq sX Ss S.sH
archbishop 10000 shares Of the stock Of the
SAID they Would be worth Sl0o'o6 and me he ino n
mated broadly that he would use his inhu
,ardinaL Archbishop Corrigan did not an
'wer the letter and when IOybourn called
ne ND The
He never saw or heard from Loybourn again.
out he knew that the scheme was still being /
rad received circulars from Ley ypouTn contain I
md diah asEins what % they meant TSe BISHOP
spied ds to FL nt that LEsy163ourn 13 vac AL tr9pd.
1nSss @ HSy bosa s1a anat So Lsy
.tS6iishmCntoi an impossibis bank founded {
lpon the union Of thingS impossible to mix
j ;;hop Gorrigap was intersstsd ~ a banking :
.cIer to further his own pst. he said, was an 9
mtIssS ArchbhlsaTP Corrifan was heartily
ounded upon religion. 'N''' ''''''' 8
The idea OF \ C;uholic bank is not new t
ne" said ho and have been moro than q
aco asked to enter schemes ofthe sort I have +
eiused. | wIl mover lend my count9nRnce to 8
~ business proposition the matnstRy OF
Nich is either morals or religion. The man p
Sho proposes SUCH thing is crank and not
. bo trusted; The banker must not allow his II
8 q union OF his business with q religious OBJ r
ct must necessarily bring forth banker i
hould not divide his obj0cts" .. Il
Mr.. Kelly spoke OF the similarity OF Icy h
uurn's scheme to the Union Generate" OF n
ar ris. which burst mp with tremendous crash u
a less than two years after It had been s
larted. This was much more respectable -
Ihems hm FL nF Kelly said. than LsYbpurn's Q
he idea Of making great banking house for a
!, g use OF the money OF tho Church. Il was n
ave Hm, am any Dbl. blessing or special sanction
uced large number Of princes I.mar-
uises, and wealthy Catholics in Paris to
mbark in the scheme. and 1t suddenly as
roJector, carried his operations into EnRland re
nd wrote to the Arehb bishop here to name a | oi
sssG.s H.S hS Ur A Ks9
II laid tho letter before him. Mr.. h