# LCMS Convention Proceedings_St. Louis Missouri_1944_S885
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

300 "FINANCIAL MATTERS

telligence to our task as the Lord has granted. In exercising the
Tesponsibility of stewardship we have been giving first considera-
tion to safety and second consideration to earnings. As a result,
our portfolio is in excellent shape today, and the aggregate of our
holdings is worth substantially more than par or book value,”

Boarp or TRUSTEES oF Synop’s Trust Funps
W. 4H. ScHLvETER, Chairman