Search

The article discusses the elimination of one of the biggest causes of conflict between the Holy See and the Italian Government, following the decision of the government to recognize all titles bestowed by the Popes since 1870 and to consider them and any future creations as equivalent to titles given by the Italian King.

This section offers news briefs in Italy as of January 7, 1924. "La Tribuna," a journal in Rome, reported that the beneficence of the Holy See toward relief work in Central Europe more than 3,000,000 U.S. dollars. By the decision of the Cabinet, Venice will manage the property of the Ducal Palace. Excerpts from the Italian press about the treaty signed by France and Czechoslovakia are given.

The article discusses the financial developments of the Vatican City. It also states that the Vatican city has been diversifying its investments for more than a year. According to the church's temporal wealth administrator Cardinal Vagnozzi, the trend is now to avoid maintaining stocks control in companies in which we invest. He also adds that today there are no more companies controlled by the Vatican so it cannot afford primary responsibility for business failures.

The article the controversial trial of four telephone repairmen who were charged for burglaries in Vatican, Rome. They were charged and arrested because they stole priceless jewelries and artifacts from the Pope's chambers unnoticed. They had easy access to chambers because of their jobs as telephone repairmen. In May 1974, the Holy See's security officers discovered a rare gold religious medallion in a Roman coin shop, which is one of the missing artifacts in the Pope's apartment since 1969 and traced to the seller's job at the telephone exchange. Pope John Paul was not the only victim of burglary, but his secretary Mosignor Pasquale Macchi was also the victim. They were happy not to be turned over to Roman civil authorities and released on bail.

The article reports on the plan of the U.S. and the Vatican City to establish full diplomatic relations. It notes that a highly placed source has told "Time" Rome bureau chief Wilton Wynn that the U.S. government has agreed to diplomatic ties with the Vatican because the administration of U.S. President Ronald Reagan no longer worries about the negative political effects of Vatican ties. However, it also mentions the dismay of several Protestant groups concerning the U.S. and the Vatican ties.

The article focuses on the standards of the Vatican press office which states that newsmen who demonstrate incorrect attitude concerning the Holy See and the Catholic Church may lose credentials. It mentions that Archbishop Giovanni Benelli felt that they must be protected against misinterpretation. Monsignor Fausto Vallainc asserts that the standards only rephrase the old rules.

The article focuses on business affairs of the Vatican Palace to several Italian firms in Vatican City. It states that two principal cardinals with Pope Paul VI and industrialist Michele Sindona discussed at an undisclosed meeting the selling of the church's 15% interests from Società Generale Immobiliare. It notes that the Vatican has been unjustly criticized for all erroneous acts of firms wherein it hold major stockholdings such as the collaboration of Immobiliare to Conrad Hilton.

The article focuses on the financial affairs of the Vatican highlighting the Institute for Religious Works (IRW), which is its bank for investing resources of the Roman Catholic religious orders and charities worldwide. It discusses the estimated wealth of the Vatican, which reportedly has 2 billion dollars worth of securities, and billions of real estate holdings. It also profiles IRW secretary of the Administrative Finances Paul Marcinkus.

The article offers information on the first plenary assembly of papal diplomats to be held in Frascati, Italy in September 1973.

The article reports that diplomatic emissaries are assigned to the pope. It reports that with the arrival of Henry Cabot Lodge in Rome, Italy, the U.S. resumed it official relations with the papacy. According to Presidential Press Secretary Ron Ziegler, Lodge is U.S. President Richard Nixon's personal representative to the Holy See.

The article focuses on the conferment of galero to Stefan Cardinal Wyszynski of Poland by Pope Pius XII. It mentions that the conferment happened in a short period of time. It states that the short ceremony was done because a longer ceremony needs the presence of a Polish accredited envoy at the Holy See, who represents the World War II and not the Communist. It adds that the presence of the said envoy might make Wyszynski uncomfortable in dealing with the Communist regime of Wladyslaw Gomulka.