St. Cajetan was born in 1480 into the nobility of Venice, Italy. He received a law degree in Padua when he was 24. He worked as a diplomat for Pope Julius II, but when the pope died in 1513, he withdrew from the papal court.
He was ordained a priest in 1516. In 1522, he founded a
hospital for incurables in his hometown; in 1523, he founded a hospital in
Venice. Yet he also sought to work on spiritual healing, and he joined the
Oratory of Divine Love in Rome. He felt, like several Protestant Reformers at
the time, that the lay people needed more spiritual education and nourishment. Instead
of splitting from the Church, he worked to reform it from within.
In 1524, he founded his own order, Congregation of Clerics
Regular or the Theatines (from the town Theate) that would combine the spirit
of monasticism with active ministry. One of its first members was the bishop of
Chieti/Theate, who would later become Pope Paul IV.
The Protestant Reformation was gaining traction during this
time, causing political strife. In 1527, the small order had to flee to Venice
following the sack of Rome by the Holy Roman Empire, comprised of Protestant
Germans, Italian mercenaries, and mutinous Spanish soldiers. Father Cajetan
himself was tortured by Spanish troops before escaping.
He expanded the order, opening oratories throughout Italy.
In Naples, he opened a bank to aid the poor. It offered an alternative to
usurers. Today, the Bank of Naples is the oldest bank in continuous operation
in the world.
St. Cajetan died on Aug. 7, 1547. He is the patron of
bankers, unemployed people, gamblers, and document controllers. His feast day
is Aug. 7.
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