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imeing Sar and Catholic Messenger.
Mr IgLg a RT IUNDAT D OIRINO. aW er a,&W, SUNDAT. APIIL 7, 7.tS. SALVE " O_ T== W=er .....Aprl I7-Pwl Oadl le of ..Aprinl a--Lt. VIsemea Fer lXn. Sr aset aet atahes. Pu :rei tO-sleev Fallaie, r.V a. ...April UI-Sea Lee L, Pp ear a e ..Apeil tO-los- S of rth pOal esdM of April ia-sL Norman tla Virtue. Dises of Retahes. On Easter Sunday colleetiosu are to be taken p, as ordered by the Diooesan Statutes, for thf education of Priests. Wherever Mass i not oslebrated on aister, the collection will be made as soon after as laceticable. The Rev. Pastors will please commend to hIe faithful thib most neeosary work, already msatloead in the recent Pastoral Letter. If say Cathollo fails to do all his duty in this ugard, he exposse himself and his children to theprobability ofnot foding a Priest when they eed one most. And whboever contributes to the education of Priests, shares proportion. a tsy in the merits of all the good works done by these priests in all their sacred ministra. God grant you, dearly beloved, a happy easter-a foretaste of a glorious resurrection. Your faithful servant in Christ, t Wnu.riu x Hzurr itwxR, - Bishop of Natcbez. Pmeior Sunday, 1878. A he Visitation Convent, Georgetown, D" C., bishop Gibbons recently oonfrm the wido of President Tyler. The Natch Democrat announoes the val of thirty opera es from Georgia mills to work in the new Natohba cotton mills. On the tbh of Maroh the oiroulation of the Liverpool Catholic Timea, Father Nugent's splendid weekly, amounted to 45,t 50 copies. On Tuesday evening, April 16th, Rev. Jer emiah Moynihan will lecture in St. Mary's Churoh, Carrollton. Both before and after the leotuore Rosa D'Erina will sing. Admis. ldon 60 cents; the proceeds to be devoted to the payment of the debt on the Church. During the last ten years $106,000,000 have been paid into the Italian treasury, being the price of property stolen from the Churhob. And yet, or may be because of this sacrilegious robbery, the Italian treasury is bankrupt, and the Government ts continually imposing new The Lenten exercises at the Choroh of St. Augustine, corner St. Claude street and Bayou oeed, have been very well attended. The Cenforences by Rev. Father Aigueperse, a die tiglnished priest from the North, have attract ed aunsual attention, and on Sunday evenings, when he preaches especially for men, the Church is always crowded. "The New Orleans Price Current yearly re port of the Sugar and Rice crops of Louisiana, fMr the crop year of 1877-7:8" has joes been Vpblished. It Is the most complete and relial ble work of the kind ever published, giving all details concerning the subjects treated, in a compact and easily understood form. Besides treating tally of the two great products of Loesiaana, sugar and rice, the book containe much other matter of great value to both the oemmerolal and planting communities. The subscription price of the book is three dollars, bet special rates will begiven to porties desir tag more than one copy. Address L. J. Bright d Co., publishers, 128 Gravier street. It is a curious comment on the shallowness of ambition, that the decrease in German trade or In German profits on trade, during the years which have followed the war, is equal to the amount of the war indemnity which Germany extatd from France. Last year was an ex ceptionally bad one for all branches of German productive industry; and the prospects for this year are alarming, indeed worse than they have been for seven years. Hence there is a matural desire for peace, at the sacrifice of some military strength. The armed laborers and artisans of Germany have begun to dis cover-perhaps it may not be too late-that military power Is not necessarily prosperity, nor are war indemnities pledges of wealth. Friday next, 1Sth inst., will be the Feast of the Compassion of the Blessed Virgin Mary. At the Church of the Immaculate Conception Rev. D. MeKiniry, S. J., will preach at 7 o'lock in the evening, after which Benediction of the Blessed Sacrament will be given. The choir, under the leadership of Prof. Col lignon, the distinguished organist, will sing, among other selections appropriate to the oa esuion, a Sto t Mater, paraphrazed in French by L'Abbe Castalug, mneuil by Gounod, and a Quertnor of Requiem, by Verdi. The musio of this 8tabat Mater is of the mystic order and thl will be its first producotion in the United 8tates. The choir will be reinforoed by a num ber of the best amatenurs. A oolleetlon will be taken up to meet the ex pease of the new windows for the Sanotuary., The Mission at St. Mary's (arohbishop's) Churoh, by Fathers Oiesen, DeHlnam and Laf Laser, of the Redemptorist Order, which com menoed on let BSnday of Lent closed with Pa al Benedioion on the 3rd 8ounday. The fret three days were speciaolly devoted to the ohil dreno between the agee of seven and fourteen years, the numbers attending being so large g-o tI ll the Choroh twice a day. On the tie dday there was a general Commnunion of elI these who had made their First Commu e ulraionng eleven days were devoted ealdults. The Churabch was crowd. .d almost to sdootilon at all the Masees and S·rmons, 'ad the eonfessionals of the Mlssosers , inget all hops beesleged with penitents. TLhe -msber of Communloes was very gret, espeol raD. t he ld ladys ci the Mission. Diocegan Loan. Some of our readers probably do not fair ly appreciate the advantages of this invest meot. In the frst places it is perfectly se cuare. The value of the property mortgaged to secure the bonds is about one million and eighty thousand dollars, while theloan or aggregate of bonds is only a quarter of a million. The annual surplus revenue of the Dioeese is even now about thirty thousand ollars, an amount, no doubt, far below at may be reasonably calculated on Sernormal conditions of prosperity. But at ,000 there will be a surplus of $17,500 anus ly after paying off all interest on the w le amount of the proposed loan. Out of Ui surplus $12,500 more is set saide to y-off the principal of the loan, commencin with the year 1882. From that momenr the amount requisite for In terest will, of course, diminish yearly. As to the solidity of the investment, there can be no question. It is based on real estate assessed at the minimum rates of the present day. Besides this, though the mortgage were absolutely cancelled, the Diocese of New Orleans In Its corporate capacity "pledges its honor and good faith for the thful discharge of the obliga tions." e believe this guaranty to be highy than a mortgage of all the lands wl n the State of--Louisiana;--It will n er be perinfit to fall in substance or form, in general scope or in minutest de il. The best guaranty for any engage ment is honesty, and it strict honesty is not found in the administration of the Catholic Church in its temporal affairs, it would be vain to expect it elsewhere. As to the rate of interest, five per cent on bonds like those to which we refer, is excoptionally good. In England, Holland and other European countrIes three per cent-little over half of that now offered-is considered good when secured by public credit, and such security is not a whit better than that of a Roman Catholic Diocese. A Catholic Diocese can hardly ever dissolve from the action of interior forces, while the United States Government is by no mesas certain of immortality ; yet United States par bonds give only four per cent interest. It is true that a savings' bank will pay six per cent., but even with the best con ducted institutions of that class there is always a certain amount of risk. Bank stocks and other stocks, also frequently make good dividends, but there is always moreor less of anxiety and alarm connect ed with their ownership. With this Dio desan scrip, not the slightest care need ever be felt by its owner. He need never make calculations as to the contingencies of panics and wars and temporal fluctuations generally; when the interest coupon is due it will be paid.. Human certainty as to future events never takes a surer form than it does in such an anticipation. People who are "atively engaged in business can make more with their money than five per cent if they know how to handle it. Even in loaning out capital, a much larger'rate than this can be real Ised on mortgages and other collateral securities, but active, sagacious, personal supervision of such business is always indlspensible. It requires a consummate knowledge of affairs to conduct it, and even then there is always risk and anxiety as well as labor, attending it. Persons who wish to be absolutely safe aend free of personal exertion in the supervision of their investments are obliged to take lower rates, and for such persons we know of no opportunity like that now offered. There has been some little misapprehen sion as to the "drawing" feature of the plan. But this feature does not at all iden tify it with tho."Premium Bond" scheme. There will be no premium connected with this drawing. The winning number will get its bond paid off, but will get no prize. There is nothing of the lottery about it. In fact, success in drawing will be a misfor tune, because holders will not want their bonds paid, as there can be no doubt that by that time they will command a premium on the market. The drawing is introduced as the only fair way of selecting bonds which must be produced for payment in a system that provides for their gradual extinguishment. Rome. We still continue to be artiicted with absurd telegrams from Rome. They are glarilng caricatures. Thus one man tel egraphs that there is a faction of Cardi nals hostile to the Pope. There is no doubt that among seventy men there will always be differences of opinion upon mat ters of mere policy. One of the grounds mentioned as those upon which the sup. posed hostility is based, is that Leo IXIII. has not formally communicated to the de posed sovereigns his accession to the Papacy. If this refers to the deposed Italian kings and princes, it may simply mean that the Pope does not consider it inc-,-b t on him to interfere in the . t.m. poral affair. of men further than to pro test against wrong and brand it am such. If the Italian people prefer a United Italy, if they have achieved that end by a revolution that was indefensible on moral grounds and the Pope has not the physical means of rightiog the wrong, he can bat denounce it; he cannot perpetually ignore its results. Besults become establiabed facts ina* pendently of the honesty of the means which led to them. The present condition of political power in Mexico, already quite unsettled, will never be made more so by scruples as to the conquest by Cortez. Even as to properties which have been lawlessly taken from the Church herself, in many cases the wrong bee grown too old to be now oorrected. Millions of acres of land in England, for instance, now belonging to private persons were formerly the property of Religious Orders and were ruthlessly and wickedly torn from their possession without compensation. But tbis was more than three hundred years ago. Many innocent purohasers have since paid fall value for them in good faith. Their original title was not good, but prescription has made it so, and though the Church were now in the erjoyment of the amplest insu ence in England, she would not for a mo ment think of interfering with that pre scriptive right. Victor Emmanuel was guilty of groes usurpations in carrying out his Italian policy. It was wrong. The Pope stigmatized his wrongs as such and while there was some chance of a reaction it was proper for him to recognise the political rights of de posed rulers. But the time may come when it would be absurd to recognize such rights, when they williave nttarry lapsed andbe come prescribed. Already if Pope Leo die covers the impress of permanence on the work of national unity, why keep up the ceremony of recognizing claims which are becoming but nominal 1 Every wise man most conform his conduct to the inevitable. God himself may desire the unity that has resulted, though censuring the means which led to it. But it would be most illogical to infer from such a line of policy on the part of the Pope that it could give rise to hos tility on the part of any Cardinals, or sould imply the slightest acquiescence in ,he loss of his own temporal power. His position is very different from that of de posed potentates who stand merely on their ights, unsustained by any hope of ma arial assistance. They have no followers, to adherents, no resources, no permanence ndependently of their temporal status. "he Pope belongs to a dynasty which will mndare in plenary power through all time with or without the temporal possessions. le counts his adherents by the hundred nillions-ardent, devoted adherents. His anuse is the cause of the Catholic peoples, nud he knows not at what moment they nay demand even from United Italy that is temporalties be restored and respected. There is no prescription in his case. As to the Cardinals, they know well mnough that Leo XIII is not going to be ray his trust; they have no cause for cen loring his policy on a point so vital as that, amd certainly a difference of opinion, if inch really exists, upon questions of local ueighboring politics cannot have produced in open rupture. As- usual, the telegrams -om Rome are totally distorted and unre lable. Castls Daly : the story of an Irish oems Thirty Years Ago." This story, which will commence in our next sane (Sunday, 14th,) is one to which we wish Soall the attention of all our readers. Any one who reads the first chapter cannot fail to be charmed with the refinement of the thought, be beauty of the desoriptions and the grace. 'tl pathos of the varied inoidents. It is no oom non story, such as those whiobh are made start ing by oonspicuounes head-lines, and which abound in sensational situations and dubious norality. Castle Daly is toucnhigly pure and teautifol, and reveals the master-hand in all its lines of thrilling interest and pathetic ten lerness. It is a story which can be read over nmd over again most lovingly, and every time it s perused, the heart swells anew and the eyes ill afresh. We are not going to give the plot, nor tesaribe the characters, nor unfold the moral. We only wish to bespeak attention to it, so that our readers, knowing the treat in store, and being thus prepared, may not overlook any of its opening chapters. The Redemptorist Mission at the Church of St. Bonifaoe, Third Distriot, whioh olosed on the 26th March, was very successful in all re Ipects. As the Church was built especially for the Geiman population of that sectio@ of the Dity, the exercises of the Mission were in Ger man. At all the services the Churoh was trowded, a fact which speaks volumes for the fervor of congregation which is scattered over the immense area inolnded between Elysian Fields street and Esplanade. A large number of persons who for years had not attended to their religious duties, made their peace with God and approached the Bacraments. Eight hnndred adults and a large number of children reoeived Holy Cmmnunion during the Mislon. The sealoue pastor of St. Bonifsoe's, Rev. J. Koogerl, is to be oongratulated upon the fourishing oondition, both in matters spirit ual and material, of his palrish. He hass San oongregation, plous and intelligent, and ther oughly organised in 8ocieties sooording to age and ses; a beautiful chnroh; a suetentlal o house, and a fine school of over two hundred ohlldren. taught by the Benediotine 81isters. Besides there ohildren, '"rty little ones, too young to walk the long intervening distance, attend a school established in the nelghbor hood of their resldences on Gentilly Ridge, by the same Sisters, under Father Koegerl's superintendence. The Rev. Eather has also one of the very neatest and coziest little parsonages in the State, atestimonial of the love and tender solicitude of the faithful for their Pastor. lOemaaiesttsd. The Iea D'Zrina Caeerts. Last week Mademoiselle Ro d'Erina gave two entertaismete at the St. John the Baptist Church under the auspiees of the St. Vincent do Paul Conference. The rain, which poured ineaseantly from an early hour in the evening till after nine o'clock BSunday night, drenched the several hundreds whose seal drew them to the spot, and pre vented the attendance of large numbers who had been influenced by the good spirit abroad to compliment the accomplished lady and help the cause of charity by their attendance. The second concert took place on the even ing of Tuesday, and was given with a change of programme before a large andiense of at tentive and intelligent listeners. The enthu siasm which, on each occasion, swayed the spectators and uncontrollably vented itself in applause, was restrained to some extent by a relection upon the eaeredness of the place ; but could have been cofined within due bounds only by an appeal from the respected pastor himself, that the music and the melody should be heard with interior appreciation alone. This is one of the disadvantages under which the deserving artist must necessarily labor in a church but the justness and seemliness of which is so well understood and universally admitted by the Christian intelligence. As a songetrees, Roea d'Erin has a voice lof vast volume and variable capacity softened by muh sweetness of tone, and made agreea ble by-a concordant riohness of sound--which pleases the heart so muhoob, so as to leave a ds inclination in the mind to bunt up matter for any adverse criticism that might be instituted. The lady's articulation attended to with a little more closeness, and some matters of minor note in the song could, however, have been mentioned to the hearer's satisfaction and, perhaps, the singer's own good,in subse quent efforts. It may be observed here that a person of either sex, appearing before a community in the character of an artist of first-class attain ment becomes, by the fact, a legitimate sobject, in all friendliness, for intelligent critioism. Rosa d'Erina could, with little effort on her part, lift herself as high in the public estima tion as a vocalist, as she has placed herself there in the position of instrnmental musician. She has a talent and capacity for the finest possible execution upon the organ, and an ad mirable versatility of genius for adaptation to the several other instruments she employs. Mademoiselle Rosa having now already done so much for the promotion of other Interests in our city, it is gratifying to note the setting on toot of an enterprise which promises to reach results alike honorable and profitable to herself, at no distant day. E .sa.e. If it be reasonable to judge a person by the character of his associaters, we may justly form an opinion of a people by the style of the literature they patronize. We are therefore greatly pleased to hear that the canvam throughout this city, for the Rev. Bernard O'Reilly's splendid work "Heroic Women of the Bible and the Church" has been remarkably osuccesful. The fact is highly creditable to our people, especially to the ladies of New Orleans, the great majority of subscribers being of the gentler sex, and furnishes the strongest proof of their sound judgment and cultivated tastes. The work, in point of literary merit, interest and instructiveness, is one of the most notable that hsa been issued for a number of years, and that it has received, elsewhere throughout the Union as well as here, the highest en comiums from the Bishops and priests of Church, the prees and the laity, and has been most liberally patronized in times of such great financial stingency as the present, are compliments of which the distinguished author may justly feel proud. The work is issued in twenty-five monthly parts at 50 cents each. When the subscriber bhas received all his numbers he is presented with an oleograph copy of Murillo's great painting of the Immoaulate Conception. Oleopraphs are made by a process that is entirely new. They are taken on can vass and are almost equal to oil paint ings. This picture is pronounced by all who have seen it as by far the most beautiful ever produced in this country and no one, with the cseh at command, would hesitate to give $10 for it. Tni MCALZSTXR RsxLIEr ASSOCZTxox.--In our advertising columns will be found the re ports of the Treasurer and Relief Committee of this Association, and acard from a special Com mittee appointed to thank those, not members of the Association, who assisted in raising the fond. As these document give all the details connected with the Association which can be of interest to the publio, it is nneoessary here to do more than call attention to the splendid results of the energetio labors of the handful of Algerines who unitiated the movement for the relief of the destitute families of the poor men who went down in theMcAlester. Though they receive no publio thanks, their names will ever be remembered with gratitude by the fifty-four widows and orphans in whose be half they labored so zesalouasly. Ta La.Tz Mae. L Row.--lt was oar pain fol daty to record in our last issue the death of Mrs. Loulsa Rowe, the greatly beloved wife, for fifty-four years, of our old and much re spected citizen, Geo. T. Rowe Isq. The de oeased was born at Bnrlington, N. J., in 1803, spent a portion of her life in Philadelphia, and a resident of this city for forty years. About seventeen years ago she became a convert to the Catholio faith, and was ever after striet ly attentive to her religious duties. Her loe-. ing words and many and generonus sets of charity, will long be remembered by the orphans, the poor, and a large circle of friends in this city. Beet prints, 6 cents; 10-4 cotton sheeting, at I2 cents, worth 2; flgBed pique st sO.cenrs, worth 50; bles*cOdlne at to and 25 oents, worth 60C; arnd every thing lse pr oportionately low rates, at Levy BnOe'., ereornw Maastas and St. Andrew streets. VWPz- uBLIOAW1' N& The Austrealia Duke. Price 10 cents. Teo yismle of Old Andrew, the Wearer. Price 5 cents. The Tw Victories, and other Tales. Price 10 centa. New York : Hlokey & Co., Publishers. New Orleans: C. D. Elder. These three pamphlets belong to the series of Cathollc publications entitled the Vatican Library. They are beeutifully printed, on good paper, sad equal in every respect to any isseed by the non Catholle press today. The small price placed upon them le for the purpoe of dleseminating them largely among the people, so as to set as "an antidote," to quote the words of our beloved Pilan IL, "against the impiety of the perverse and Afilthby prem.n" They should be bought wholesale by all Catholics, for the purpose of distribution among friends and acquaintances; for the beautiful thoughts and noble sentiment ex pressed within their pages, may implant a love of virtue, an admiration for holiness-nay more, they may sees a soud. Old Andrewo's tory is an excellent autidote againet despondenoy, and that give up feeling which overtakes one in the present hard times. The 2wo FVctores is a story of what oonver. alon once cost in Merry England, and is ex ceedingly touching. Te AstraiUas Duke is an exquisite tale of a noble heart, who loved riches in a Christian manner, and who, being is the world, knew how to be not of It. It is peculiarly adapted to-youngane _and is as interesting as it is inatruotive and entrancing. Mary, the Model of Christian. By Rev. F. Ga. brini, 8. J. New York: P. O'Shea. New Or leans: C. D. Elder. This beautiful work,which offers Mary to us as the model of Christians, consists of fifty two meditations, as many as there are 8atur days in the year, that day being espeoially chosen because It is consecrated to her by the Church, and pious souls are acuontomed to perform special works of devotion on that day in honor of their Mistress. The name of its learned author is a guaran tee that the work is worthy of caroful perusal, and the name of its illustrious subject most claim from all devout souls a speoial and lov ing notice. The plan of presenting Mary as the model of asl Christians is well carried out, sand the in struotions, prayers and invocations are pecu liarly beautiful and impressive. It would admirably answer the purpose of a manual for the month of May, for Mary is presented to us in these pages in so noble and ravishing a manner that our hearts are filled to overflow uog with emotions of love, admiration and do. rotion. Ake Church and Gentile World. By Rev. Aug. J. Theband S. J. Vol, 1. New York: P. F. Col lier. Father Theband's grand work upon a grand subject has been before us for some days, but the intellectual feast furnished in its pages cannot be partaken of hurriedly and indifer antly, but must be enjoyed slowly and earnest ly. The design of the work is to prove the divine universality of the Church, and her mission in regard to the world-that world which was given to her as an inheritance, and whose conversion she must accomplish ascord ing to the will of her Divine Founder. Father Thebaud shows, with profound skill and learning, this universality of the Churob, not alone in our own day, but from the very birth of Christianity; and he also proves, with equal-f now be of One Fold, had nottheChurbch, in the execution of her heaven-given mission, been hampered, interfered with and persecuted by -Ioelemism on one hand and Protestantiam on the other. Another design of this book is to convince the earnest mind that the spread of Christian ity was a supernatural work, by which he re futes the infidel proposition that, given cer ain forces, certain results must naturally follow. It is needless to say that the grand subject detailed in this work is framed in language whose elegance, terseness and beauty are characteristioc of every production from Fa ther Thebaud's gifted pen. Inquiry having been made concerning the "Lottery of a lot of ground on Louisiana ave nue, for the benefit of two little orphans now in the Asylum of the Immaculate Conception," we are requested to state that as soon as Sister de Chantal will have finished selling the tickets the drawing will take place. The lot was given to two little orphans girls whom this veners ble lady was instrumental in placicg in the girls' asylum, she herself being connected with the boys' asylnumn. Being anxious to do some thing for the children, and knowing that the lot would be sold for taxes unless disposed of soon, she undertook to raDi it. As her time is entirely occupied with her duties in conneo tion with the boys' asylum she seldom has an opportunity of offering the tickets for sale; notwithstending this fact, however, she has placed, since October lest, 400 of the 700 print ed. The SuBperior of the Immaculate Concep tion Asylum has nothing at all to do with the matter, and receives no pay in any shape what soever from or for the girls. The lottery is one of those minor acts of oha rity with which the renerable Sister de Chan tal reoreates herself during the few moments not neoessarily devoted to her great mision-a species of fringe to her grand life of self..eart. ioe--rand that she will do jostice to-ll no one who knows or ever hasu beard of her can doubt for one seooud. We may state, iu oonolusion, that should anyone think the drawing too long poetponed, upon presentation of the tiokets purohased, at the ST office or to Sister Chan. S., the me.y.. will . returned. Rapid progress is being made in perfeoting the arrangements for the Grand Benefit to be tendered Miss Rosa O'Toole, Ireland's Queen of Song, by her fellow-countrymen, on Easter Monday evening. That it will be a splendid suoees is essured by the great interest taken in the talented young lady by the most ener getio and influential Irishmen of the oity. Next week we will publish the programme. DIOCESE OF NEW ORLIAI. LOAN OF $250,000 :.' leaed by the Beard of Admlal atm te o 5 Roman Catholle Charoh of the Dssatg o New Orleoan, a theLr o th th 11th of Jamt ,y, te f10 d sathorisatlo atn approval t the Holy See, beaig d November 8tb, 1877. SAID LOAN CONSISTS 1" A I UN or" 2940 MORTGAGE BONDS, DIVIDED INTO roe0 aSEIES, An 1OLOWah, Series A, 40 Bonds of $1000 Eahb. Series B, 100 " of 200 w Serles C 1000 " of 100 " Series D, 1800 " of 50 ' rhe.. Ned, anda ted anury lt., leiss m a is yI the Presdeat te reasurr e and the setrsarep ste Board of Admtnistrates , with o the l a or assesly afxed to eah, ad are p 'raphed r aedue" b Octave de Arma., a Notary Pbie i this dit, e boar ans manm l nterest of peo oen set he m s dat of lue to maturity, whlch lnterest is-pyablie smt. anually as per Cooups. atteohel, ris Oathel JTnly and on the lst of Jamuary reob a eeseodga yeur. The capital Is payable at par In twenty es e data, by drawings to be eted annually, eesmmsueg January lot, 1885. The interost and curtalment are payable i Nrew Orleans, New York, Bome, Parts, ad la several eoth hereafter desgnatd. The Subsorlptlon Is Opened: - IN NEwW ORLnANB At the Archblshop' sBesidenoe, Soretry'i Oioe; - At A. Carriere & SenB , Commission Merohant. - IN ROME - -IN PARIS - OBJECT OF TEE LOAN. During the riis which followed the war of seesea, and which weighed so heavily o theState of LouTiana, the Administrators of the Diooese of New Oreas assumed liabillties which they have detsrmised to 1lquidate. In the past year a better state of air loomed up In the financial situatieo of the Dise e. That improvement will increase as the rate of interest elaimed by its creditores lesened. The conventional rate, in Leuisiana, Is too high f a religiou socilety, the reveues of which, though eatlly sea., are novertheless limited, for ouch a seiety cannot look for eventual prodtse n contingent uader takings or in speculations altogether incomastnat with its mission of benevolene and charity. Therefore it to not with a view of oreting a newdbt that this loan is negotiated, but in order to uallf smt somsolidate anterior liabilites, and obtain theirgreaal and regular extinction by means of the rdmary revenues of the Diocese, and without endeagering the Church property, although affecting it. Bunk is t plan positively approved by His Holiness, Pluas 2. and unanimousaly adopted by the Board of Admioletra. tore of the Bomrs Catholio Church of the Disoaseoe New Orleans. SECURITIES. The Diocese of New Orleans, a eorporation oosmt. toted under the laws of the Sttde of Louisana, by the name sad style of E THE ROMAN OATPHOLI CHURCH OF TER DIOCESS OF NEW ORL.NAa" affrds to its crditors ecunrities that areboth materil and.moral As a corporation legally instituted, it rejoy an the r as pr egas ac T's 4ibts, acquire, borrow, aliesate and mortgage its pro. perties, whether movable or ammrovble, under the prescription of its Charter. At their m.eetla of January 11th, 1878, the Counell of said Society msd mously determined, for the raos above soaa, to msue, at the rate of 5 per cent, a inogle loan of 0.00, secured by a special mortgag on all the mortgap real estate of the Diooese; and therefas, by a deal dated January 46th, 1878, passed before 0. de Armess Notary Publi in New Orleans, the above resetalm was carried into effect, by the granting of a supdg mortgage on all the mortgagableo eal estato of the Diocese to secure the Bonds thus Itsuod, whisk all mortgage was duly recoorded, as will appear by eso . cates of the Recorder of Mortgages annexed to add act in the office of said Notary. Besides this solid guarantee. sidCorporatiuopledas Its honor and good faith for the faithful discbarge ot the above obligations. REAL .ESTATE OFERED AS BSECURITY. From the omcial report recently made to the Naly See, the Church property of this Diocese is divided a follows. Independent or unmortgagable propereiee, valted at about........................ 0,0 Morteagable properties valned t It mlli. mum rate ................................ 1, This latter, the only real estate aSsoted by the sat. gage aforesaid, and worth double the amount fat t loan, include many buildings lots, fields sad other productive properties not dedieteod to the worship d God. PAYMENT OF 7NTEtRSBTREDEMPTION 0P CAPITAL. At their meeting f oJaunary Ith, 1378. the Couzel of the Corporation saeertained that, outside of tb useual and Irregular reeelpts, the anual assured revenue of the Diones, ,fler deduntion of the ebsdr Adnministrntion, lavO a surplus ot 3,000 that sa be disposed of 6tni.enuualy I and it was resolveid t . Ilt. For the punetualpayment of the Interest o athe loan a sum of 1,500 shall, hfrom the lt of JsImn, 1878. and thenooforth yearly, be reserved. approled and deposited in Bank to meet these otersrte. d. A eimilar sum of SI9.5to shall also, nuallyf.rs the lot of January,. 18i, be reserved. pproplteteodn deposited in Bank for the granual surteilment eo the capital, and soon every year u Intl it ree~sxtiees. 3d. That in o ese and under .prtct whatssve thes ums, reasrved, appqrepIated nd depoItd, ha be used for any other purpose then thse sboreo pruned. BUMMARY. From what precede., It follows That the loan is negoaited with the sole o liquidatlng all former debte. That it reoprrsente the liabilitie of the "-istd the Roman Catholle Church," whioc arte rb~ l ta and consolldated with a sreduooed Ltorst; That it i secure dy espeoial mortgo e en O ties worth filare times as m us as thle ~dnt bIMu· . and therefore amply sufolint to guarnatee bth the payment of interests and tho redemptildofthe eapial. Consequountly, the Moritgoge Boad of the Disoesat o New Orlema coanttutit a Irses investmeat, with moral sand mauterial asunritles bhut selom ortered to onpittlist t N. J. PEROBHE, Arohbishop. WiLUT. V.0. Administrator ot easmes.