Word: archabbot
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Dates: during 1930-1939
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Last week a judgment for $250,000 plus $132,756,78 in interest, stood against the Benedictine Society of Latrobe, Pa.-corporate name of the community of St. Vincent Archabbey. Decade ago the late Archabbot Aurelius Stehle, who had established a Catholic University in Peiping, China, borrowed $250,000 from Peiping's National City Bank at 7% (legal Chinese rate), for repairs and new buildings. Archabbot Stehle died, control of the university passed from the Benedictines to the Society of the Divine Word, and the loan went unpaid. In 1936, the bank brought suit against the Benedictines, who countered...
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