# LCMS Convention Proceedings_St. Louis Missouri_1950_S984
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

286 SEMINARIES AND COLLEGES

profession or business. The President of the college shall 44
attend the meetings of the Board of Control in an advisory.4
capacity.” .

Nore.— The proposed wording, if accepted, introduces the following
changes into the present arrangement: ‘ ;

1, The addition of one teacher to the membership of the Board
Control. ’ ;

2. The provision that no more than two of the lay: members s
be engaged in the same profession or business.

Handbook Section 6.141

With the help of the bursar and the comptroller of Valparaiso
University and in personal consultation with Mr. Henry Badger,
chief consultant in accounting to the United States Office of Edu
cation and author of the Standard Textbook in Accounting for. x
Junior Colleges, your Board has worked out a system which.
conforms to the generally accepted standards of educational:
accounting procedures and practices. ;

This new plan has been adapted for Synod’s use by Mr. Elm
Jagow, business manager of the River Forest college, and success.
fully presented to the examiners in the process of accrediting tha
institution. The new system of accounting and control has me
with such approval that the examiners have referred other schoo
to our River Forest business department for study and adaptatio
of this system to their own needs.

The Board for Higher Education is prepared to gradually 4
introduce the basic elements of this system in all of Synod’s col- '
leges and seminaries where conditions indicate that it can rende
the proper service and where it is feasible to carry out its provisions

In this development process, during the past triennium, the
Board of Directors and Mr. Walter Schlueter, the treasurer of E
Synod, have been fully co-operative through the prompt discharge .%
of their assigned responsibility to prescribe a uniform accounting 4
system for our colleges and seminaries and by making available any “4
funds required for its development and introduction.

Since this system has now been introduced, the Board for
Higher Education believes that it will be in the interest of efficient gj
administration and that it will remove a handicap to accreditation .#
if an adjustment can be undertaken in Section 6.141 of the Hand- “

book. .We recommend therefore 4
, That the words “The Board of Directors of Synod, in conjunc-
tion with” be deleted from Section 6.141 so that the revised section 4
will read:

“6,141 Uniform Accounting Methods

“The Board for Higher Education shall establish and pre- FE
scribe, on the basis of reasonable and generally accepted 4