The Appeal. [volume] (Saint Paul, Minn. ;) 1889-19??, 1901-02-02
GONE Of FOpE LEu Xiii
OILY YEAR THE AGGREGATE WAS
SOMETHING OVER FOUR
MILLION DOLLARS - -.
NE OF WORLDS RICHEST MEN
he Source of His Official Revenue
A Good Deal OF None Invested
ISL in United States ~.
.~s -, p, Eends.

Rome Cor St Louis Globe-Der,ocrat.
! # a number of people We're asked to
| ME the five men in the world who had
| ne largest five incomes, not one in a
! .:ozen would include in the list Leo Kill,
/ )ope of Rome; and yet there is probably
| man in the world whose income last
| ear amounted to SO large a sum as did
he popess it is true that no statement
| Of his receipts is given out at the Vati-
an. but It is very easy to estimate from
| certain known facts and gam a fairly &C
urate idea OF the pontifcal budget dur
ng the holy year. Beside the pope him.
! 49, h'v rot more than two men
know the exact amount Il the papal in
| come. One of these is Cardinal Ram
| polla, the papal secretary Of state, and
the other Cardinal Mocenni, the man who
has the actual handling of the money.
| Cardinal MoCenni nigh, with propriety
| De called the financial minister Of the
| church, for he it is who has charge of
| the investment of the large sums which
come to the papal treasury, and, al
| though he has no absolute authority as to
! the disposition Of the money, the pope
| himself, with the advice VI his secretary
| OF state making all final decisions re-
| garding it. all the funds pass through his
hands, and he enjoys the rare distinction
| of living in the Vatican in order that he
| may exercise direct supervision over the
popes financial affairs.
While not so old man as the nolv
| father, Cardinal Mocenni is advanced in
years and is physically somewhat feeble
His apartments are on the top floor Ct
| the Vatican, Immediately over those oc-
cupied by Cardinal Ranapolla, which, in
| turn, are directly over the rooms occu-
| pied by the pope. 1t is not easy Tor 2
| man approaching eighty years of age to
climb up stairs, so when he took posses
sion of his apartments in the Vatican
Cardinal Mocenni had an American ele-.
vator erected in the court of ST. Darnaso,
and by it's means he reaches his roums
with a minimum effort. 1t is the first
elevator ever erected in the Vatican and
is used only by the pope and the carda-
nails. 1t is SO placed that carriages can
drive direct to its entrance
Cardinal Mocenni is one of the most
popular cardinals in the Curia. He has
lived in Rome for many years ard is in,
great favor with the pOpuace of the city
ne amount OF money which he handles
Tor the pope in ordinary years is enor-
nous. but in 1900, holy year. the rapaI re-
ceipts were increased fully s1.50O,GOO, and
| the total amount which passed through
| Cardinal Mocenni's hancs was nat lar
from S4,aeO, coo. The greatest part of this
efornouss income Peter IS. pence
| ordinary years this amounts to ABOUT
%l,VooeoO, but the greatly increased Inter-
est IN the church in holy year was ra-
Gponsible for a great increa-a in the tot,r
amount OF offerings to this fund. Ap--
proN1mately stated. the pope's income
last year was as follows:
lncor?e from real estate in Italy
ana ABROAD ACCOMPLISHMENTS. Sis GnT
Income from sums invested in Sc
Special donations and siftS. 1' 2Go 200
refer pence Observation-Disclosures. 2.5C0 90
Total ........................... si5s75. 600
Inc expense account of the holy father
does not nearly reach this sum. Tt con-
slsts principally of salaries of cardinals.
ENJOYS, attendants and household e.
penseS, divided somewhat as follows:
Salaries OF cardinals and ,envoys S2oU or
.atlcan guards and gendarmes.. 1891
amy olIlceTS Observation-Disclosures. ~ oar
5dpai servants .:................... 4,50a
PTelates in attendants. ........ oSnNV
Library. museums, galleries, etc 500
household, garden and stable ex-
peHSeS ....................:..- T7GrO
Expenses of secretary Of state CO co..
PERSONAL expenses of the pope. 25N
Repalrs at st. Peters, Rome. ...! Is GOD
tLaFltleS Observation-Disclosures. I2JUnO
contingent expenditures and loss
eS ACKNOWLEDGEMENTS. ........... $4,000
Total .......................... 81 tgs9 uCu
1T will he seen from the above state
ment that a handsome balance re1na;-,s
IN the paral treasury as 2 result of the
income Of the holy year twill be seen
that the income of the pope comes from
three different sources:
1, Peters pence. which consists OF
the contributions sent by the faithful in
all parts of the world. This great source
Of revenue was devised by the late Car
dnal Manning. of LONDON, after tn. none
lost the revenues which came to him
Wien he enjoyed temporal lower Now
a special collection is taken in eye.v
1io .hi,ro Il,
pose, the amounts being brought to Rome
by each bishop at the time Of his visit
ad lin1ina. Millions are thus collected
every year, but, as has been said. the
amount this past year was greater than
in any previous year Of Leo Kills reign
= All donations and gifts presented to
the pope for personal use by the people
from all quarters of the globe to whom
nc grants private audience. The income
from this source is generally considered
the private property Of the pope, and il
greatly increases on the occasion OF
jubilees and special anniversaries
g. Interest accruing from previous in
vestments. This is large item, and is
principally the result of wise invest
ments during the reign OF the present
pope. His immediate predecessor. Plus
IN, accumulated during the last few
years of his reign about 5000, GOO.
which he had invested in securitie.; r,
provide for need that might arise III the
reign OF some one or moro of his sue
I cessors The loss OF the TEMPORAL power
in 1870, with the consequent d1ui,1ntion
Of the revenues OF the holy see. the un-
certainty Of the amount of Peters pen e. +
and the enormous expenses of the Vati-
can council, during which lie. had to pro-.
Vide board and travelling expenses for
nearly every bishop in the world, led
Fius TX. to create this contingent funa
for Inc possible future needs of his sue
cessors.
Unfortunately, however, the admins
tration of all these millions was them
conferred in the hands.of a single person,
Mgr. Folc.,i, VI no had carte blanche as
regarGy the selection of the securities
end bonds in which they were to be in
vested The money was at first wisely
invested III gilt-edged securities, but scy-
era, italian politicians and SPECTATORS
talked Mgr. Folcl1i into selling them in
order to place the sum realized into
fourtll-rate Italian enterprises. The re-
suit was that in less than three months
the whole s5,eG0,000 disappeared IN the
financial crash which swallowed Crispi
and the Eanca Romano
This made Leo XIII realize the neces-
sity of giving the administration of the
payel funds into the hands of several
highly trusted members Of the Romans
court and he, therefore, formed COM
mission of cardinals to which he intrust
ed the administration Of all the posses
sions of the holy see. At the head of