Our poverty may appear contemptible, and even sordid, wrote Patrick Curtis, the archbishop of Armagh, to his agent in Rome in I825, but it is not really so. We are, indeed, very poor, and I believe you know, he explained, dignifying the twenty pounds he enclosed for the rebuilding of St. Paul's Basilica in Rome, my Mitre, though Primatial, is one of the poorest in Ireland: and yet the claims on us are increasing. Seventyfive years later, almost to the day, in I900, his successor in the primatial see of Armagh, Michael Cardinal Logue, cleared over thirty thousand pounds in a single bazaar for the purpose of decorating the interior of his cathedral, and could afford to send regularly every year some six hundred pounds in Peter's pence to Rome.2 What happened in those seventy-five years to account for this remarkable increase in the resources of the Church? This question might not prove nearly as interesting or even important, if Ireland, like Belgium, had experienced the full effects of an Industrial Revolution in the nineteenth century. Instead, by the turn of the century, well over five million people had fled the country, as Ireland remained one of the more economically backward areas in Western Europe. The anomaly, therefore, of a church that appeared to be growing ever more wealthy in a seemingly stagnant and chronically depressed economy raises a further question: what effect did the acquisition by the Church of a considerable amount of property over a relatively short period of time have on capital investment and economic growth in Ireland?