# LCMS Convention Proceedings_St. Louis Missouri_1953_S453
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

FINANCIAL MATTERS 453

making profitable but safe investments of the millions of
et up in trust. The present members of this board are:
Behnken and Treasurer Schlueter, ex officio, and Messrs.
Waltke, Chr. Garbers, W. H. Kroehnke, August J.
“Theo. Schroeder, John A. Sauerman, and Chas. E.
secretary. As the time of the one or the other member
- poard expires, the Board of Directors fills the vacancies.
; book, Sections 9.23 and 9.25.)

4a
General Synodical Matters

minutes bear out that the Board of Directors was con-
fof its duty to prepare the annual synodical budget, which
fixed by the Fiscal Conference. The members of the Board
ors being “the custodians of all property of Synod,” and
Hem being “incumbent the general management and super-
i sof all the business affairs of Synod,” much time and attention
Et ven to financial matters. Pertinent action will be reflected
t “report of the Treasurer and in practically all the reports of
Serious departments. Our minutes indicate how the financial
referred to the Board of Directors at its last convention
in taken care of, such as the salaries of professors and other
al employees. Synod gave instruction to the Board of Direc-
look after the financial needs of the various departments,
the Student Service Commission, the colleges, the mis-
etc. This will be brought out in the respective reports.

e. greatest financial undertaking of the triennium was
the last Synod knew as the “Ten Million Dollar Offering,”
wn as the “Conquest for Christ” offering. For the sake
‘écord it should be said that this was initiated in the fall of
the immediate direction of Committee 3 of the Board
th the advice of a large advisory committee. In the February
; 1951, a Central Committee was appointed, with Mr. E. J.
fer.as chairman. At the same time the Rev. John C. Baur
ginted as director of the campaign and given the necessary
organization extended into all Districts, circuits, and
ations of Synod. When it was certain that the $12,000,000
tld be exceeded, the Board of Directors allocated that
to higher education and mission expansion on a 65% to 35%
ater another million dollars of the offering was likewise
uch of the cost of the campaign will be covered through
on the invested unexpended balances in the fund. In
allocations, the Board is, of course, guided by the instruc-
Synod.

nother matter, closely connected with the “Conquest for
ffering, was the establishment of the Senior College,

Saas

Seer