# LCMS Convention Proceedings_St. Louis Missouri_1899_S20 # AI translation — CHI Digital Archive (demonstration) 20 Proceedings of the 24th General, or martyrs have remained. Whoever belongs to the Lord, even if he is by no means a Paul, may yet one day speak with Paul: "I have fought the good fight, I have finished the course, I have kept the faith. Henceforth there is laid up for me the crown of righteousness, which the Lord, the righteous judge, will give me on that day — and not to me only, but also to all who love his appearing" [2 Tim. 4:7-8]. Oh, that we might be there! Amen. Presidential Report. Many years ago now, a warning was once called out to us from Germany: "Do not be so confident, you Missourians! Pride goes before a fall. Consider: every free church so far has, without exception, gone under already in its second generation! And from what? From — lack of money." Now, that has not yet come to pass among us, although it would long since have been due, and although recently there was a good occasion for it as well. The "hard times" did indeed come. Here and there people really did have some doubts as to whether we would still be able to meet the costs of our large synodical budget and to assign fields of work to our outgoing candidates for the preaching and teaching ministry. But our faithful and deserving General Treasurer — and not he alone — nonetheless remained firm and calm on this point: there was no reason for such concerns. Our regular income would have covered our regular expenses even in those hard times, if only we had held to our two-thirds rule — that is, to the resolution that no building project resolved on by the Synod might be begun until two thirds of its cost had been subscribed by our congregations. Our temporary deficit, namely, is found solely in the building fund. Let us take note of that, then — cover the deficit and keep to the old, good rule. But then also resolve confidently on what is necessary, and go to meet the future firmly, yet also cautiously. Now that, thank God, the "hard times" are over, it will surely also be time to prove by our actions that it really was this hard time alone, and not something else, that this time prevented the carrying out of things so necessary. Here, though, I must confess that this and that give me some misgivings. For it seems to me that here and there people are growing more zealous for the establishment of all sorts of charitable institutions — hospitals, orphanages, old-age homes, etc. — than for the upkeep of our educational institutions