A preacher wanted to earn money for his church.  He had heard there was big 
money in horse racing, so he decided to purchase a horse and enter it in the 
race.  However, at the local auction, the going price for horses was too 
steep and the preacher ended up buying a donkey.  The preacher figured since 
he had the donkey, he might as well enter it in the races.  The next day the 
donkey came in third place.

The following day in the racing form, the headlines appeared: 

                               PREACHER'S ASS SHOWS 

The preacher was so pleased with the donkey the he entered 
the donkey the next day also.  The donkey won.  The racing form 
read:

                              PREACHER'S ASS OUT IN FRONT 

The ranking Bishop was so upset with this type of publication
that he ordered the preacher not to enter the donkey in the races anymore.  
The headline read:

                          BISHOP SCRATCHES PREACHER'S ASS 

This was too much for the Bishop and he ordered the preacher to
get  rid of the donkey.  The preacher decided to give the animal 
to anearby convent.  The following day the paper read: 

                            NUNS HAVE BEST ASS IN TOWN 

The Bishop fainted.  He informed the Nuns to get rid of the 
animal so they sold it to a farmer for $10.  The next day the 
paper read:
                           NUNS PEDDLE ASS FOR TEN BUCKS 

They buried the Bishop  the next day.  The following day the paper read:

                     TOO MUCH ASS RESPONSIBLE FOR BISHOP'S DEATH