Furthermore, in this one Church of Christ no man can be or remain who does not accept, recognize and obey the authority and supremacy of Peter and his legitimate successors.

This power becomes particularly irresistible when exercised by those who, because they hold and control money, are able also to govern credit and determine its allotment, for that reason supplying, so to speak, the lifeblood to the entire economic body, and grasping, as it were, in their hands the very soul of production, so that no one dare breathe against their will.

If our age in its pride laughs at and rejects Our Lady's Rosary, a countless legion of the most saintly men of every age and of every condition have not only held it most dear and have most piously recited it but have also used it at all times as a most powerful weapon to overcome the devil, to preserve the purity of their lives, to acquire virtue more zealously, in a word, to promote peace among men.

It will be impossible to put these principles into practice unless the non-owning workers through industry and thrift advance to the state of possessing some little property.

Catholics can in no way convince themselves that so enormous and unjust an in equality in the distribution of this world's goods truly conforms to the designs of the all-wise Creator.

From it (the Rosary) the young will draw fresh energy with which to control the rebellious tendencies to evil and to preserve intact the stainless purity of the soul. Also in it, the old will again find repose, relief, and peace from their anxious cares. And to all those who suffer in any way, especially the dying, may it bring comfort and increase the hope of eternal happiness.

For what will it profit men that a more prudent distribution and use of riches make it possible for them to gain even the whole world, if thereby they suffer the loss of their own souls? What will it profit to teach them sound principles in economics, if they permit themselves to be so swept away by selfishness, by unbridled and sordid greed, that hearing the commandments of the Lord, they do all things contrary.