The Ragman can draw upon the physical powers of any number of the corrupted souls that make up his suit. This way he can increase his strength, speed and stamina dozens or even hundreds of times over, though he has stated that it isn’t easy to tap into a large number of souls at once (at the time, he commented that the most he had ever done was somewhere over a hundred). This also allows Ragman to avoid most wounds as he can use one of his other souls to take the damage for him, allowing him to continue to operate at peak efficiency while the souls he has trapped use the damage for him.
Most significantly, having defeated an enemy, he can acquire new souls by absorbing them with the suit, although he can only do this for truly evil souls; as an example, he was unable to absorb the soul of super-villain Blue Moon because she was regularly sent to prison as her powers only worked at night, her time in prison counting as her having ‘served her time’ and preventing Ragman ‘punishing’ her himself. This adds a new rag to the suit, and thus adds to the Ragman’s power supply. However, Rory has mentioned that the process of acquiring a new soul gives him stomach cramps and nausea. Once a corrupted soul has helped him a certain amount of times, it is allowed to pass on to Heaven, having earned redemption for the sins it committed in life that would have sent it to Hell if it had simply died in the normal manner.
Also, the Ragman possesses a number of minor magical powers, such as kinetically controlling the suit (i.e. entangling Eclipso with his cloak while grappling with her). The suit will also automatically materialize whenever he is in danger, and will normally teleport him to wherever he’s needed.
It has recently been revealed that the suit can take on other forms, such as weapons and still collect souls. Whether Rory will use this ability in the future is yet to be seen. To date, it has taken the forms of a cloak in ancient Egypt, a spear during the Roman Empire, and a dagger in 19th Century England.
A community of Jews in 16th century Eastern Europe created the Ragman to replace the Golem, their previous defender. Gerry Regan was the last European Ragman, as he, still named Jerzy Reganiewicz, fled to the United States after failing to protect the Jewish population from Nazi persecution. After settling down in Gotham City, Regan passed the mantle of Ragman to his son Rory. Rory Regan is a ragman, doing good in his community by buying used items from people who need money. The suit of rags that he wears was originally just a costume made from materials found around the rag shop he shared with his father, Rags’n’Tatters. Currently each of the patches in the suit is made from the soul of an evildoer that the Ragman had punished and absorbed. The absorption of these souls caused a problem for Rory at one point, when the evil souls hungered for murder and finally freed themselves of Ragman. It was only with the support of Batman and Regan’s old friend, Rabbi Luria, that he regained control, though at the cost of Luria’s life. Ragman’s powers have increased since then. Currently, he can absorb souls into his costume. With each new soul added, a rag is added. He can call upon the souls in his costume to lend him their attributes or power. He is also a very proficient magic user.