# LCMS Convention Proceedings_St. Louis Missouri_1956_S259
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

258 SEMINARIES AND COLLEGES

bond issue, would be dependent upon the establishment of a uni-
form system-wide fixed charge for annual use of the facilities
calculated as an annual fee per student station used. Proceeds of
this fixed charge or annual fee need to be centrally funded, at least
in providing for the excess of the local debt service need. Synod
might authorize the Boards of Control to carry out these resolu-
tions, or it might establish a special holding company which, never-
theless, would have a secondary liability.

In order that the delegates may have an opportunity to com-
pare the history of the valuation of Synod’s investment in colleges
and seminaries in the United States and Canada only for the same
period of years included in the previous tabulation of property
valuation of the congregations themselves, namely, from 1920 to
1955, the following tabulation has been prepared:

Valuation of Synod’s Investment in Colleges
and Seminaries, 1920—1955

United States and Canada

Increase over 9% of Increase

Year Gross Amount Previous Year over 1934
ene nee $ 2,927,000
a 3,001,000 $ 74,000
3,001,000
3,131,000 130,000
4,837,000 1,706,000
6,491,000 1,654,000
10,158,000 3,667,000
9,070,000 —1,008,000
9,360,000 1,843,000
9,929,000 569,000
10,363,000 434,000
10,329,000 -- 34,000
9,373,000 — 956,000
9,372,000 — 1,000
9,576,000 204,000
9,344,000 — 232,000 — 2%
9,142,000 — 202,000 — 5%
9,824,000 682,000 3%
9,255,000 — 569,000 — 3%
9,468,000 213,000 — 1%
9,369,000 — 99,000 — 2%
8,413,000 — 956,000 — 12%
9,093,000 680,000 —~— 5%
8,415,000 — 678,000 — 12%
8,528,000 113,000 — 11%
8,433,000 — 95,0 — 12%
8,785,000 352,0008 — 8%
9,222,000 435,000 — 4%
10,574,000 1,354,000 10%
13,636,000 3,062,000 42%
15,814,000 2,178,000 65%
16,740,000 926,000 15%
27,452,000 10,712,000 187%
29,081,000 1,629,000 204%
- 28,897,000 —~ 184,000 202%
1955 a 31,302,000 2,405,000 227%

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