Money for Ireland by Francis M. Carroll


“IRELAND shall have the same constitutional status in the Community of Nations known as the British Empire as the Dominion of Canada, the Commonwealth of Australia, the Dominion of New Zealand, and the Union of South Africa, with a Parliament having powers to make laws for the peace order and good government of Ireland and an Executive responsible to that Parliament, and shall be ‘styled and known as the Irish Free State”

Raising money was one of the great successes of the Irish government, as the funds provided the sinews of war with which to fight Britain. This book details the history of the financing of the Irish revolution from both domestic and international loans. Divisions in Irish society over the Anglo-Irish Treaty and the creation of the Irish Free State led to the outbreak of the Civil War. The Free State’s ability to deny the anti-Treaty forces access to the loan funds through a ten-year court battle would prove a powerful weapon in defeating the Republicans.

The Dáil government depended on the loans to finance their operations, and the failure of the anti-Treaty forces was due in part to their shortage of funds. International complications arose for the Free State when courts in Dublin and New York disagreed over dispersal of the money. Upon his return to government office, Eamon de Valera appealed to bond holders, particularly those in the United States, to give the loan money to him to found an opposition newspaper. Only when de Valera himself formed a government would all of the bond money be repaid. These events would raise questions of international law, and the results would shape Irish relations with the United States for a decade.

The Treaty Crisis the Civil War and Rival Claims for

The Daily Funds in the New York Courts

New Claims for the Bond Certificates

The Irish Settlement

Promotional Material for the Internal Loan

Promotional Material for the Sale of Bond

The Impact of the Bond Cases in International Law

Fogarty v ODonoghue from The Irish Reports

Irish Free State et al v Guaranty Safe Deposit

The book can be purchased here