Religion: Banker-Priest

Canon law of the Roman Catholic Church forbids a priest to engage in business. But last week Bishop Joseph H. Conroy of Ogdensburg, N. Y. felt justified in stretching the letter of the law to permit one of his priests to become a bank president. Belgian-born, Rev. Cyril Stevens, 65, has for 21 years been pastor of small Ticonderoga's only Catholic church, St. Mary's. When Ticonderoga's National Bank looked shaky during the Bank Holiday of 1933, Father Stevens it was—his church being a stockholder and large depositor—who singlehanded saved the bank. The small,...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!