Word: papal
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...Vittorio Emanuele, Prince of Naples, swung a royal rattle, and 13-year-old Achille Ratti declined irregular verbs in a Milan seminary, the troops of small Vittorio's grandfather, Vittorio Emanuele II, King of Sardinia, recently proclaimed King of Italy, stormed and breached the walls of the Papal city of Rome...
From that day no Pope left his self-imposed "imprisonment" within the comparatively narrow confines of the Vatican, no member of the Italian Royal Family set foot on Papal ground. At last came the Lateran Treaties, re-establishing the temporal power of the Pope (TIME, Feb. 18). Last week the onetime Prince of Naples, now King of Italy, called on the onetime Achille Ratti, now Pope Pius XI. To 40 million Italians, to 331 million Roman Catholics, it was a day of reconciliation never to be forgotten...
...loss to His Holiness would be much greater than the theft of Commendatore Jorio, due to the failure of Banco Bombelli immediately after his flight. Meantime even more distressing rumors spread. Miss Beatrice Baskerville, enterprising news ferret of the New York World heard in Vatican City that the Papal Treasury lost heavily in Wall Street's slump (TIME, Nov. 4). According to reports, verified from several sources, U. S. public utility and steel stocks were those held. Certain parcels were sold early in the slump and most of the remainder were sacrificed at even lower prices later in the slump...
...dickering about the kiss and other ceremonials has gone on between Vatican and Quirinal for a month. The view of Signor Mussolini (no toe-kisser) remains that King should merely shake hands with Pope, denoting that they meet as temporal sovereigns of two earthly realms (Italy and the new Papal State). But Crown Prince Umberto (looked to by non-Fascist Catholics as the only figurehead they could possibly set up against Il Duce) lets it be known unmistakably that he thinks his father's lips should touch...
Generally suspected to be a heavy loser was the Vatican, known to be an investor in U. S. securities. First Vatican sales were said to have been made early in the break, the rest at sacrifice prices. Plans for the establishment of a Papal bank were temporarily abandoned...