While most Protestant denominations make it a standard practice to issue yearly statements of their financial assets, the Roman Catholic Church has not a fact that has led to endless, and largely bootless, speculation about what it really does own.* Now, the Most Rev. Robert E. Tracy of Baton Rouge has lifted the greenback curtain slightly by publishing the first detailed financial statement ever issued by a U.S. Roman Catholic diocese.
The picture was impressive. Although one of the nation's smaller sees (membership: 491,434), Baton Rouge has boosted its net assets an average of $3.4 million a year since 1962, largely as...
To continue reading:
or
Log-In
