# LCMS Convention Proceedings_St. Louis Missouri_1950_S580
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

580 FINANCIAL MATTERS

15. The problem of regulating the time of service of teacher
graduates (cf. Proceedings, 1947, page 257) had been referred to the
Board of Directors. This question still seems to be unsolved. The
Board for Higher Education might be asked to give this con-
sideration.

South American Matters

16. Our South American colleges are directly under the super-
vision of the Board of Directors. Adjustment of the salaries of the
professors in South America had to be made from time to time,
owing to serious inflation. Much attention was given to the proper
maintenance of the college properties. In connection with these
matters the visits of Dr. F. C. Streufert to South America in 1948
and 1949 as representative of the Home Mission Board, the Presi-
dent, and the Board of Directors were very helpful, as was also
the visit of the Rev. H. A. Mayer early this year.

17. Since we have ample room at the new seminary at Villa
Ballester, a suburb of Buenos Aires, and the location is more desir-
able, and since the Argentine District favored the plan, the pre-
paratory school at Crespo was discontinued, and the institution is
now united with the seminary. We respectfully ask that this be
ratified by Synod.

Report of Board of Trustees of Synod’s Trust Funds

18. “The approaching convention of Synod brings to mind that
the Board of Trustees of Synod’s Trust Funds wishes to make a spe-
cial report of its activity during the last three years. For the infor-
mation of the convention it should be stated that your Board of
Trustees, consisting of the President and the Treasurer of Synod, ex
officio, and five laymen appointed by the Board of Directors, is
charged with the responsibility of managing, conserving, investing,
and reinvesting all of Synod’s Trust Funds.

19. “Three years ago your Board was composed of Pres. J. W.
Behnken, or one of his Vice-Presidents as an alternate, Treasurer
W. H. Schlueter, and Messrs. C. H. Garbers, Emil Harms, August
J. Luedke, Theo. Schroeder, and Richard H. Waltke. Messrs. John
A. Sauerman and Dr. Paul Schulze were advisory members.
During the triennium the Lord saw fit to call unto Himself the
souls of Dr. Paul Schulze and Mr. Emil Harms, both of whom
served faithfully, diligently, and intelligently from the time of their
appointment until the end. We mourn their passing and miss their
counsel. Today your Board consists of President J. W. Behnken,
Treasurer W. H. Schlueter, and Messrs. C. H. Garbers, August J.
Luedke, John A. Sauerman, Theo. Schroeder, and Richard H.
Waltke.

ON
20. “Your Board has met regularly four times a year, and an

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