Religion: Vatican Notes: Jul. 26, 1926

About Rome there is much woeful wagging of heads. Vatican expenses have mounted. This year's income is reported already expended. What the Vatican's total income is has never been revealed since 1870, when the temporalities were confiscated by Italy. Pius IX (died 1878) left $6,000,000 of income-bearing capital. Of this sum his successor Leo XIII (died 1903) lost some $2,000,000 by poor investments, yet recouped himself by administrative economies. Pius XI's income-producing wealth is more than $7,000,000. But most of the annual income is derived from current donations. Most important is...

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