# LCMS Convention Proceedings_St. Louis Missouri_1899_S109
# AI translation — CHI Digital Archive (demonstration)

Ninth Delegate Synod of Missouri, Ohio, and Other States, 1899. 109

Assets and Debt of the Synod.
The Synod has as assets:

Securities .............................................. $10500.00
Lent to congregations ..................................... 5700.00
40 acres of land at Arlington, Nebr. ...................... 1200.00
Claim against the Board of Control ......................... 278.35
In the hands of the General Treasurer ................... 19806.58

The Synod owes:

On bequests .............................................. $23843.18
Borrowed against notes ................................... 11000.00
To the fund for the Heathen Mission ...................... 17576.59
To the fund for the Jewish Mission .......................... 617.88
To the fund for the General Home Mission .................. 1049.49
To the fund for poor students at St. Louis ................... 501.00
To the Dr. Luther Monument Society ......................... 1005.64
To the Barthel Estate .......................................... 122.42
To the Concordia Seminary at St. Louis ...................... 5027.20
To the Concordia Seminary at Fort Wayne ....................... 100.00
To the Concordia Seminary at Springfield ....................... 100.00
To the Teachers Seminary at Addison ............................ 100.00
Miscellaneous ................................................... 165.50
Debt on February 1, 1899 .................................... 23723.97
                                                             ——————————
                                                             $61208.90    $61208.90

"Your Auditing Commission has audited the books and accounts of
the General Treasurer and found them correct. — For a fuller
understanding of the foregoing report, let the following serve. The
purchase price for the institution at St. Paul, Minn., is now fully
covered by the proceeds of the Barthel Estate. The latter now
consists only of a piece of real estate in the heart of the city,
which, by a moderate appraisal, has a value of $18,000.00 and brings
in about $118.00 a month in rent, but so far could not be sold at an
acceptable price. The shares in a commission business amounting to
$11,000.00, which had been transferred to the Synod from the Barthel
Estate, have become entirely worthless through the bankruptcy of the
firm.

"The Synod's present debt on February 1 of this year amounted to
$23,723.97, as against $5237.36 at the last closing on April 1, 1896,
showing thus an increase of $18,486.61. This increase in the debt is
explained by the fact that income has not kept pace with the
expenditures increased in the last three years, particularly through
the taking over of the preparatory schools [Progymnasien]. The
following table gives a picture of the Synod's financial position
over the last five trienniums.