Lecture I

If nothing more had been heard of the story, all kinds of plausible theories might have been advanced to explain why this remarkable prince of the Church sought to prevent the Cardinals from swearing an oath, still required of them at that time, to preserve the fund which was so important to the Holy See. And all these plausible theories might have been perfectly logical, but they broke down in the face of certain pertinent facts that were known only to Cardinal Acton, namely, that since 1797 the fund no longer existed, for it was already exhausted. The Cardinals therefore had been permitted to swear an oath to preserve a treasure that no longer existed. Acton refused to be a witness to the deception. Thus all the ingenious arguments that might have been advanced by those who were unaware that the fund was already exhausted would have collapsed.