291:, which undertook to redeem the bonds. As regards Dáil funds in bank accounts in the United States, bondholders were divided between the "Hearn Committee", led by de Valera supporter John J. Hearn, and the "Noonan Committee", led by Bernard Noonan. Noonan felt the Free State should control the funds and redeem them; Hearn argued they should preferably go to Sinn Féin as leaders of the
303:
to the United
Kingdom but not to the Irish Republic; it further ruled that the funds should be returned to subscribers, as "the purpose for which the moneys were subscribed by the so-called bondholders, that is, the establishment of a Republic of Ireland free and independent of any allegiance to
254:
was appointed ambassador to the United States by the First Dáil. De Valera went on a fundraising tour of
America from June 1919 to December 1920. O'Mara went to the United States in September 1919 and liaised with the
99:
on 19 June 1919. This was for £500,000, half in an
Internal Loan raised in Ireland, half in an External Loan raised in the United States ($ 1.25m at an exchange rate of $ 4.50 to the pound). Both were
1129:
104:, and the External limit was increased in August 1919 to $ 25m. The money raised was held in bank accounts in Ireland and the United States controlled by three
52:
148:
of £500,000 internal and $ 20,000,000 external, which was launched in
America on 15 October 1921 and raised $ 700,000 before being suspended after the
288:
559:
137:
271:
The Dáil split over the Treaty and the pro- and anti-Treaty factions agreed to freeze the bank accounts until the situation was resolved. The
152:
of 6 December 1921. About $ 2,500,000 of the total of $ 5,800,000 raised in
America had been sent to the Dáil Ministry in Ireland by then.
259:. O'Mara fell out with de Valera over management of the funds and resigned his post in May 1921. De Valera replaced him with his brother
798:
729:
703:
677:
651:
625:
32:
494:
887:
322:
took office. Repayment was "effectively completed" by 1936, under the Dáil
Eireann Loans and Funds (Amendment) Acts of 1933 and 1936.
1071:
766:
599:
476:
348:
450:
Kelly, Stephen (Winter 2011). "The Sinn Féin millionaire: James O'Mara and the first
American bond-certificate drive, 1919-1921".
113:
80:
76:
848:
319:
314:
newspaper. The
Executive Council refused to allow the trustees to implement the New York court decision until after the
48:
315:
292:
92:
853:
502:
284:
101:
1134:
296:
366:
256:
117:
283:' Dáil Eireann Loans and Funds Act, 1924 vested the Dáil loan funds in its Minister for Finance. In 1925, the
17:
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424:
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260:
167:
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133:
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1036:
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977:
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411:
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121:
47:, used to fund the state apparatus the Republic was attempting to establish in opposition to the
425:"The Raising Of the First Internal Dáil Éireann Loan and the British Responses to it, 1919–1921"
109:
519:
1067:
762:
595:
472:
403:
344:
56:
1113:
756:
589:
464:
969:
395:
340:
Money for
Ireland: Finance, Diplomacy, Politics, and the First Dáil Éireann Loans, 1919-1936
276:
263:. The amount raised by the first loan was about $ 5,100,000 external and £375,000 internal.
251:
129:
84:
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272:
125:
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227:
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36:
28:
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investigating bank accounts linked to the Dáil, was taken from a tram and shot by
1031:
338:
914:
304:
Great
Britain, was never accomplished". De Valera, now leader of the opposition
495:"Setting up and financing of the Offices of the First and Second Dail Eireann"
407:
981:
415:
367:"The National Loan 1920; Michael Collins and the Democratic Revolution"
308:
party, urged his American supporters to use their refunds to invest in
105:
386:
Dickinson, Edwin D. (1927). "The Case of the Irish Republic's Funds".
973:
399:
166:
was closed by the military authorities in 1919 for publishing the
960:
Garner, J. W. (October 1927). "A Question of State Succession".
1116:
1919 propaganda newsreel, from the Irish Film Institute archive
95:, "Republican Bonds", and other funding. The Dáil approved the
591:
Guerrilla Warfare in the Irish War of Independence, 1919-1921
299:
ruled against Noonan, on the basis that the Free State was
295:, or failing that be returned to subscribers. In 1927, the
16:"Dáil funds case" redirects here. Not to be confused with
678:"Finance — Form of Application, 1919 Issue (Internal)"
287:
released the Dáil funds in Irish bank accounts to the
958:, 551 (New York Supreme Court 11 May 1927).;
1064:
Shadow of a Taxman; Who Funded the Irish Revolution?
1032:"Dáil Eireann Loans and Funds (Amendment) Act, 1936"
1005:"Dail Eireann Loans and Funds (Amendment) Act, 1933"
620:
618:
841:
128:. £25,000 worth of gold was buried in concrete in
1101:Dáil Eireann Loans and Funds (Amendment) Act 1936
1096:Dáil Éireann Loans and Funds (Amendment) Act 1933
469:Michael Collins and the Making of the Irish State
888:"Millionaire helped finance War of Independence"
520:"The Irish Press 1919-1948: Origins and Issues"
465:"Michael Collins; Minister for Finance 1919–22"
1130:Institutions of the Irish Republic (1919–1922)
951:Irish Free State v. Guaranty Safe Deposit Co.
583:
581:
467:. In Doherty, Gabriel; Keogh, Dermot (eds.).
8:
881:
879:
755:Ní Dheirg, Iosold (2008). "The Dáil Loan".
53:United Kingdom of Great Britain and Ireland
826:
824:
822:
820:
275:of 1922–1923 was won by the forces of the
132:'s garden. On 27 March 1920, Alan Bell, a
962:The American Journal of International Law
388:The American Journal of International Law
93:anti-conscription funds raised in 1917–18
915:"Dáil Eireann Loans and Funds Act, 1924"
551:
279:established under the 1921 treaty. The
1087:Links to Oireachtas debates on bills:
174:Origin of internal loan subscriptions
1091:Dáil Eireann Loans and Funds Act 1924
761:. Mercier Press Ltd. pp. 47–53.
471:. Mercier Press Ltd. pp. 54–69.
7:
493:O'Donoghue, Daithi (26 March 1951).
35:(parliament) of the self-proclaimed
730:"Finance — appointment of trustees"
51:of the internationally recognised
14:
63:and in the United States for the
704:"MINISTERIAL MOTIONS. - FINANCE"
320:the first Fianna Fáil government
144:on 26 August 1921 approved the
1062:Adams, R. J. C. (April 2022).
886:Humphreys, Joe (23 May 2013).
588:McKenna, Joseph (2011-02-17).
343:. Greenwood Publishing Group.
1:
849:Dictionary of Irish Biography
423:Evans, Gary (February 2012).
758:The Story of Michael Collins
518:Robbins, David (June 2006).
337:Carroll, Francis M. (2002).
289:Free State Executive Council
49:Dublin Castle administration
1066:. Oxford University Press.
803:Second Dáil Éireann debates
652:"Finance — loan prospectus"
239:
231:
221:
213:
205:
197:
189:
181:
31:issued in 1919–1921 by the
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854:Cambridge University Press
736:. Oireachtas. 19 June 1919
503:Bureau of Military History
15:
594:. McFarland. p. 34.
463:McCarthy, Andrew (2006).
371:generalmichaelcollins.com
297:Supreme Court of New York
114:President of Dáil Éireann
1108:Financing the First Dáil
626:"Finance — trustee deed"
257:Friends of Irish Freedom
219:Great Britain and France
55:. The subscribers were
531:Dublin City University
267:Reimbursement of funds
170:of the internal loan.
91:authorised him to use
940:Carroll 2002 pp.50–51
560:"Financial Proposals"
316:1932 general election
281:Free State Oireachtas
87:on 2 April 1919, the
59:, in Ireland for the
373:. Collins 22 Society
138:Collins' IRA "Squad"
81:Minister for Finance
18:Sinn Féin Funds case
1114:The Dáil Bonds Film
840:Dempsey, Pauric J.
452:New Hibernia Review
436:Maynooth University
293:rump Irish Republic
175:
134:resident magistrate
1110:(Dáil 100 website)
1037:Irish Statute Book
1010:Irish Statute Book
920:Irish Statute Book
788:Carroll 2002, p.10
734:First Dáil debates
708:First Dáil debates
682:First Dáil debates
656:First Dáil debates
630:First Dáil debates
564:First Dáil debates
499:Witness Statements
365:Doran, Michael A.
173:
150:Anglo-Irish Treaty
122:Bishop of Killaloe
57:Irish nationalists
843:"Crosbie, George"
285:Free State courts
261:Stephen M. O'Mara
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243:
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1135:Government bonds
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830:Kelly 2011, p.25
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805:. 26 August 1921
799:"Issue of Loans"
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45:Republican funds
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118:Michael Fogarty
110:Éamon de Valera
97:First Dáil Loan
77:Michael Collins
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566:. 2 April 1919
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126:James O'Mara
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859:27 November
306:Fianna Fáil
182:Amount (£)
142:Second Dáil
1124:Categories
1043:13 October
1016:13 October
926:13 October
899:16 October
809:13 October
774:19 October
740:13 October
714:11 October
688:11 October
662:11 October
636:11 October
607:13 October
570:13 October
536:19 October
509:12 October
484:22 October
458:(4): 9–28.
441:19 October
377:19 October
356:11 October
326:References
168:prospectus
89:First Dáil
41:Dáil funds
25:Dáil loans
546:Citations
408:0002-9300
301:successor
505:. No.548
240:370,163
203:Leinster
198:171,177
187:Connacht
106:trustees
982:2188483
416:2188482
331:Sources
318:, when
222:11,647
214:41,297
206:87,444
195:Munster
190:57,797
83:in the
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527:Theses
475:
432:Theses
414:
406:
347:
211:Ulster
140:. The
124:; and
978:JSTOR
523:(PDF)
428:(PDF)
412:JSTOR
237:Total
75:When
29:bonds
27:were
1068:ISBN
1045:2015
1018:2015
928:2015
901:2015
861:2015
811:2015
776:2015
763:ISBN
742:2015
716:2015
690:2015
664:2015
638:2015
609:2015
596:ISBN
572:2015
538:2015
511:2015
486:2015
473:ISBN
443:2015
404:ISSN
379:2015
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345:ISBN
232:801
179:Area
160:The
33:Dáil
23:The
970:doi
396:doi
43:or
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