# LCMS Convention Proceedings_St. Louis Missouri_1944_S907
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

822 . FINANCIAL MATTERS

time to enter into a voluntary agreement of laying in store:
certain days as God has prospered us (1 Cor. 16:2), in order to
proper provision for those of our own house. i
3. Neither is the Fund “just a business proposition.” Business
is always carried on for profit. The Pension is a friendly family:
affair and arrangement under which only those will benefit who on:
account of illness, old age, or bereavement are not able to suppott
themselves. :
4, (a) Those non-members who contend that they and their
widows are entitled to the income of the L. L, L. Endowment should;
consider that those $80,000 would not go very far if they were dis-'
tributed among the 1,600 persons depending on support. They:
should also remember that in 1919 the Endowment Fund would:
have been designated for pension proper if it had not been for the:
attitude taken by one adverse man. Under the circumstances
the L. L. L. presented the Fund with the condition that the proceeds’.
should be used “in the manner adopted by Synod.” This expresses:
the hope that the time would come when Synod would be ready t
systematize the support department. ?
(b) The Permanent Support Fund, balance $224,000, was:
started in 1917 by a bequest of the English District in the amoun’
of $3,000 with the condition that it become the nucleus of a pension
system. ‘
5. The last excuse, inability to contribute, cannot be advanced.)
since the Fort Wayne convention expressly stated (what really:
is self-evident), that the underpaid and unfortunate are to receiv
help by applying to the officials. Proceedings, 1941, p.381. Those:
brethren who confided in us and accepted our advice are no}
members of the Fund.
During the last three years the participation of workers
increased by 40 per cent; of the salary-paying organizations, b
60 per cent, and the assets, by 112 per cent. And we say: To God:
all praise and glory! But there remains the disheartening fact
that one half of all congregations and one thousand and two.
hundred professors, pastors, and teachers have not contributed
a cent for almost seven years, and the thousands of latecomers;
only a part of what Synod could rightfully expect of the:
As a result several million dollars are irretrievably lost to our cause
A large number of belated entrants, workers and congrega
tions, realizing the great advantage of having the special Old
and Death Benefits offered to those who remit in full, are paying
off the arrears in convenient installments. No interest is chargéd
on the back dues.