# LCMS Convention Proceedings_St. Louis Missouri_1947_S582
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

582 FINANCIAL MATTERS

and within the appropriations of the Fiscal Conference, the Board
of Directors granted a general increase in professors’ salaries,
amounting to 15 per cent. In a joint meeting with the Board for
Higher Education on May 17, 1945, it was agreed “that under the
circumstances and as an emergency measure, considering the dif-
ficulties of making adjustments in individual cases, the action of
the Board of Directors was the best solution for the time being.”
In one case, that of the Collegiate Institute at Bronxville, a special
grant of 5% in addition to the 15% increase was made.

18. Professors’ Garages. Synod in 1944 resolved “that garages
be furnished for those of our professors who desire to own and
operate automobiles.” (Proceedings, p.114.) After a thorough
survey by the Committee on Colleges it was resolved to take over
as synodical property all garages owned by professors or by the
institutions for the amount of $5,984.00.

19. Reserve Fund to Insure Synodical Buildings. Since it is
the policy of Synod not to carry insurance on our buildings, the
Board considered it wise to carry our own insurance and with the
consent and approval of the Fiscal Conference set up a Reserve
Fund for this purpose, setting aside $25,000 annually in the budget
for this purpose until a sufficient reserve has been built up.

20. Co-operation with Board for Higher Education. All mat-
ters involving educational policies, curricular matters, including the
filling of vacancies in professorships, policies such as pertaining to
the off-campus work of our professors, were decided in conjunction
with the Board for Higher Education.

Seminaries and Colleges — Individual

21. St. Louis Seminary. Synod decided that a chapel be built
at the Seminary from funds in the Peace Thankoffering. (Proceed-
ings, 1944, p.47.) Representatives of the Seminary informed us
that a minimum of $600,000 would be required to build a suitable
chapel according to the plans of the architect. The building ap-
propriation in the Thankoffering amounting to $1,500,000 was not
even sufficient to take care of the more urgent needs for ad-
ministration and housing purposes at the various schools for which
Synod had made provision. The building of the chapel therefore
could not be undertaken at this time.—The physical education
plant, a matter referred to the Board of Directors and the Board
for Higher Education, could not be acted on in this triennium.
Representatives of the Board of Control graciously yielded the right
of way to more urgent collections for relief in war-stricken coun-
tries. We hope the Centennial Collection will produce sufficient
funds to make possible the erection of a gymnasium both at St.
Louis and at Springfield. — The question of extending the leave