# LCMS Convention Proceedings_St. Louis Missouri_1902_S114 # AI translation — CHI Digital Archive (demonstration) 114 Proceedings of the 25th General, or entertainment paper such as the *Concordia Magazine* was not large enough to continue it in its existing form and shape, while the demand for a paper in English along the lines of the German *Kinder- und Jugendblatt* [Children's and Youth Paper] kept growing. As a result, after consulting the views of the theological faculty in St. Louis and with the consent of the Reverend General President, Prof. F. Pieper, we resolved to transform it, from January 1 of this year, into a paper for the upper grades of our schools and for our confirmed youth, and to publish it under the name 'Young Lutherans' Magazine.' In the few months since this English youth paper began appearing, it has already become clear that a real need for such a paper, and a demand for it, did exist — it already has over 9,000 subscribers. "Unfortunately some books here and there could not be delivered on time, because with the old machines we had been using we were not able to produce them in sufficient quantity early enough without letting other necessary work sit idle. This shortcoming will, however, be remedied in the future, since these machines are being replaced by new and more practical ones. "By resolution of the Reverend Synod of 1899, the operating capital of the Concordia Publishing House was to be reduced to $300,000.00. We have tried to do justice to this resolution, but it was not possible for us to reduce it to the set amount. We have reduced it every year as much as possible, without disrupting the operation of the business or burdening our customers too heavily, and the capital now stands at $300,000.00 with a surplus account of $34,759.17. "As the General Agent's report shows, outstanding accounts have been reduced quite considerably. "By resignation, Messrs. W. C. Schütz and H. F. Kirchhoff left the Board of Directors, and in their place, with the consent of the Reverend General President, Messrs. Louis Hofman and Joseph Schüssler were elected. "A new state law required us to install two additional fire escapes on our printing-house building. "The Board of Directors held its regular business meetings every month along with a number of special meetings; the books and cash of the business were also audited weekly by a committee of the board, and the monthly trial balances and the quarterly and annual reports of the agent were examined and found correct. "We further take the liberty of recommending to the Reverend Synod for suitable action: that the Synod encourage and request the Reverend General President, Prof. F. Pieper, to continue the dogmatics work he began several years ago