# LCMS Convention Proceedings_St. Louis Missouri_1938_S269
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

EES SZ SSS ee
Financial Matters 269

more consecrated groups of workers than our local boards, which
devote their time and talents to the interests of our educational
institutions unstintingly. However, the regulations in the Hand-
book governing the work of your Board of Directors in its rela-
tion to the local boards are in many cases obsolete or contra-
dictory. We have an understanding with the Committee on Con-
Stitutional Matters that a thorough revision of the Handbook
should be ordered by Synod at this convention; but the rules
referred to in this paragraph are of such importance to us that
we have asked a committee to revise them according to our ex-
perience and submit them to this convention of Synod for ratifica-
tion that they might immediately go into effect. A report of this
committee will be submitted in an unprinted overture.

2) College Libraries and Laboratories. — Owing to lack of
funds the important and even necessary annual appropriations for
libraries and laboratories could not be paid out during the last
years. Even the appropriation made by the last Synod for the
St. Louis Seminary library in the amount of $1,000 annually could
not be granted, Synod having made it a stringent rule for the
Board of Directors to practise the strictest economy. However,
when the Committee on Higher Education found a definite lack
of books on social and scientific subjects, such as are required by
the new curriculum and therefore recommended that up to $150
be allowed for this purpose for our twelve colleges, this was done.
On our recommendation the Fiscal Conference made the necessary
provision in the 1938 budget, so that 75 per cent. of the former
library and laboratory allowances will be paid out this year, which
amount to $6,600.

3) College Repairs. ~In accordance with the synodical reso-
lution of 1935 that “all repairs at our institutions be defrayed out
of the synodical treasury,” your Board of Directors, through its
Committee on Colleges, has endeavored to keep our many college
properties in as good condition as the funds at hand permitted.
In this connection we again express our appreciation of the co-
operation of our college boards. We find it a highly satisfactory
arrangement that many repairs and improvements were carried
out with student labor.

: 4) Fire Insurance. — The question of insuring our college

buildings was left to the Board of Directors by the last Synod for
further study. Your Board of Directors favors the plan of setting
aside $25,000 annually to build up an insurance reserve fund; but
the Fiscal Conference could not see its way clear to include such
a sum in the budget. The question will have to be left in abey-~
ance, unless Synod wishes to act in the matter.