Money for Ireland: Finance, Diplomacy, Politics, and the First Daail Aeireann Loans, 1919-1936

By Francis M. Carroll | Go to book overview

Chapter 2

The Irish Bond-Certificate Drive in America

In June of 1919, Éamon de Valera returned to the United States, where he had been born 34 years earlier. The story of his American mission in 1919 and 1920 has been told by several historians. However, interest has generally been focused on two specific aspects of de Valera's trip: the unsuccessful effort to obtain U.S. diplomatic recognition for the Irish Republic, and the calamitous split in the Irish-American nationalist movement. De Valera must share part of the blame for these two disasters. Nevertheless, his mission had one major success which has been largely ignored by historians—raising money for the Dáil Éireann government. Altogether, between 1919 and 1921, nearly $6 million was raised, which was more money than the Irish-American nationalist movement had ever previously collected for any purpose. This was a signal achievement, for it was accomplished in the face of both the split in the Irish-American movement and the growing disapproval of the American government and sections of the American public. 1

De Valera presented himself to the American public on 23 June 1919 at the Waldorf Astoria Hotel in New York. He told reporters that Ireland hoped for American aid in the struggle for independence, and he later announced that one of the major uses of aid, indeed one of the most practical, was to raise money to help finance the Dáil government. The question of providing operating revenue for the government had occupied the attentions of the second session of the Dáil, in April 1919. On 4 April the Dáil had approved a motion to authorize an issue of £250,000

-15-

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Money for Ireland: Finance, Diplomacy, Politics, and the First Daail Aeireann Loans, 1919-1936
Table of contents

Table of contents

  • Title Page iii
  • Contents v
  • Preface vii
  • Acknowledgments xi
  • Abbreviations xiii
  • Chapter 1 - Dáil Éireann and the Need for Money 1
  • Chapter 2 - The Irish Bond-Certificate Drive in America 15
  • Chapter 3 - The Treaty Crisis, the Civil War, and Rival Claims for the Dáil Funds 31
  • Chapter 4 - The Dáil Funds in the New York Courts 49
  • Chapter 5 - New Claims for the Bond-Certificates 69
  • Chapter 6 - The Irish Settlement 83
  • Appendix I 95
  • Appendix II 101
  • Appendix III 109
  • Appendix IV 117
  • Appendix V 147
  • Bibliography 167
  • Index 173
  • About the Author 182
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