The Appeal. [volume] (Saint Paul, Minn. ;) 1889-19??, 1901-02-02
GONE Of kOPE LElJX|I
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 Money Invested
as. in United States -
S#... .s.@ EoMds.

Rome Cor. st. Louis Globe-Dena9crat,
# 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 III the list Leo Kill,
i, )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 pope's. it is true that no statement
Of his receipts is given out at the Vati-
IAN, but It is very easy to estimate from
certain known facts and gam fairly &C
ourate idea OF the pontifical budget dur
ng the holy year. Beside the pope him.
-..z. = ~~"ha NV 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 might 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 t.
the disposition Of the money the pope
himself, with the advice OF 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
pope's financial affairs -
While not SO old a man as the molly
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-
cup1ed by Cardinal Rampola, which, in
turn are directly over the rooms o.cu-
pied by the pope. 1t is not easy Tor T.
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. Damaso,
ana by Its means he reaches his r0urnS
with minimum effort. 1t is the first
elevator ever erected in the Vatican, and
Is used only by the pope and the cardl-
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 pOpulace of the city.
The amount Of money which he hanG:os
TOR the pope in ordinary years is enor-.
nous, but in 1900, holy year. the Eapal re-,
celpts were increased fully ST. 500 GOO, and
the total amount which passed through,
Cardinal Mocenni's halics was MT lar
from S45e0, Coo The greatest part of this
enormous income pence I'm.
$1,VDt0O but the greatly increased ,uter-
est IN the church in holy year was re-
Sponslole for great increa-e in the total
amount of offerings to this fund Ap--
proN1mately stated. the pope's income.
last year was as follows:
income from real estate in Italy
ana ABROAD OBSERVATION-DISCLOSURES. SI71 chr
income from sums invested in Sc
- cul itleS Observation-Disclosures. 2lylfFO
2fpeclal donations and gifts. 500. "nD
PETERS pence Observation-Disclosures. 2,5C0 ono
Total ...........................ss .5775 900
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 ex-
penses, divided some what as follows: co.
Salaries Of cardinals and ENJOYS SEQ rO4
!aticdn guards and gendarmes.. 1891
Army officers ............. 10 0f
Papal servants ............. IL 5oa
PrelateS in attendants o9101
Library. museums, galleries, etc. 500
1ousehold, garden and stable eX-
penScS Observation-Disclosures. II GeO
Expenses expenses Of secretary of state.... CO Coz
PERSONAL eXDeIses of the pope. 25Wp
Eepairs at st. Peters, Rome.....! 15.G99
CnaIitles ...;:.........:.:. 1860
Contingent expenditures and loss
es ACKNOWLEDGEMENTS. 5000
Total 81 0sy, 900
i 1t Will be seen from the above state
ment that a handsome balance remai-,s
IN the paral treasury as 2 result OF the
income Of the holy year. 7 t will be seen
that the income of the pope comes from
three different sources: .r.
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
dinal Manning. of LONDON after tn. nope
lost the revenues which came to him
Wien lie enjoyed temporal lower Now
a special collection is taken in eye.v
Catholic church annually for this pur-
pose, the amounts being brought to Rome
by each bishop at the time of his visit
ad linina. 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
he grants private audience. The income
from this source is generally considered
the private property OF. the pope and it
greatly increases on the occasion OF
jubilees and special anniversaries
%. 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
ears VI Ills FelSl ABOUT S0,Ou1,OU0
which he had invested in securities t.
provide for a need that might arise in the
reign Of some one or mere Of his sue
cessors. The loss OF the temporal power
in 1870, with the consequent. i1rninntioD
OF the revenues of the holy see. he ur-
certainty of the amount of Peters pen e.
and the enormous expenses of the yati-
can council. during which lse had to pro-
Vide board aad travelling expenses for
nearly every bishop in the world, led
iius TX. to create this contingent funa
for The possible future needs of his sue
cessors.
Unfortunately. however, the admins
traIion of all these millions was them
conferred in the handssof a single person,
Ne lFolchi, V no had carte blanche as
regards the selection Of the securities
end bonds in which they were to be in
vested. The money was at first wisely
invested in gilt-edged securities, but sew
era. Italian politicians and SPECTATORS
talked Mgr. F'olchi into selling them in
order to place the sum realized into
fourth-rate Italian enterprises The re-
suit was that in less than three months
the whole s5,oGO,00O 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
paEal funds into the hands of several
highly trusted members OF the Roman
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
this commission hS Siaced Cardinals