# LCMS Convention Proceedings_St. Louis Missouri_1926_S239
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

Ev. Luth. Synod of Missouri, Ohio, and Other States. 1926. 9295

The expense of taking care of the fund during the three years
amounted to one hundred seven dollars and eighty cents ($107.80),
which was expended for rental of the safety-deposit box and the
suréty bond.

The books were audited every year by certified public accountants
(Smart, Gore & Co. of Chicago). A copy of the audits was sent to
your Board of Auditors, who, in the presence of President Pfoten-
hauer, on March 22, 1926, personally counted all the securities and
made their report in the Lutheran Witness and Lutheraner as follows:

“The undersigned members of the General Auditing Board of
Synod, together with the Hon. President F. Pfotenhauer, D. D., on
March 22, 1926, inspected the securities of the Lutheran Laymen’s
League Endowment Fund as outlied in the report of Messrs. Smart,
Gore & Co., Certified Public Accountants, Chicago, for the period
from January 1, 1925, to December 31, 1925.

“The books had been audited by Messrs. Smart, Gore & Co.,
which audit was accepted by your Board of Auditors, who in the
presence of President F.Pfotenhauer, D. D., personally counted all
the securities which were deposited for safe-keeping in the vaults of
the National Safe Deposit Co., Chicago, Ill, and represent the En-
dowment Fund amounting to two million three hundred four thou-
sand six hundred eighty-seven dollars and seventy-nine cents
($2,304,687.79), which agrees with the amount stated in the bal-
ance sheet.” “F, Prorennaurr, President.

“ARNOLD ABEL Members, General
“Epwarp W. JAEGER \ Auditing Board.”

The above report is respectfully submitted.
Chicago, Il, March 24, 1926. Paut Scnutze.
The report was adopted.

Contribution of the Lutheran Laymen’s League
to the Support Fund.
Report of the Treasurer.
(German Report, p. 318.)
“Mr. President: —
“Complying with the resolutions adopted by the Lutheran Lay-
men’s League at a meeting of June 7, 1926, I now take pleasure in
tendering your honorable body $250,000, to be added to the permanent
‘Lutheran Laymen’s League Endowment Fund, the income from
which is to be used for the support of incapacitated pastors, pro-
fessors, teachers, and the widows and orphans of deceased pastors,
professors, and teachers.
“The securities covering this sum are now deposited in a fire-
proof, police-protected safety vault of the First Wisconsin National
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