PAPAL ENCYCLICAL
THE WORLD’S WEALTH
SPECULATION A CAUSE OF WOE.
ROME, May . 18.
Pope compares' the present world social economics with the fiiblical, deluge. The Encyclical contains the following Striking passage Those very few who appear to have their hands on the world’s wealth and whose speculations were, and are, largely the cause of so much woe, are often themselves the first and the most notorious victims, dragging into the abyss the fortunes of countless others.” i ' , A USEFUL REMINDER NATIONAL LEADERS’ RESPONSI- • . ’ • BILITIES. LONDON, May 18.
(Received May 19, at 7 p.m.)
The Times, in ail editorial, states : “Pope Pius X has shown in ways both fortunate and unfortunate that he has the courage of his convictions. His Encyclical will help the leaders of the nations to remember that, while they represent their own people, they are ’also members of a greater community and have their responsibility to mankind.” — Times Cable.
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Bibliographic details
Otago Daily Times, Issue 21649, 20 May 1932, Page 7
Word Count
152PAPAL ENCYCLICAL Otago Daily Times, Issue 21649, 20 May 1932, Page 7
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