# LCMS Convention Proceedings_St. Louis Missouri_1944_S296
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

a

296 | ; Financial Matters

ments of every kind, which may be required in order to carry into
effect this resolution of transfer hereby authorized.”

In the August meeting Dr. Seuel reported that the reorganiza-
tion of Concordia Publishing House had been effected and a per-
_ petual charter had been granted.

8. The budget was inaugurated annually and set up by the
‘Fiscal Conference. The report of the Treasurer shows that by
the grace of God the necessary funds: to meet the requirements of
the budget were willingly contributed by our people. No debts
were made. The larger part of the surplus was set aside from time
to time as a “Postwar Fund.”

9. The last Synod appropriated approximately $50,000.00, sub-
ject to the final approval of the Fiscal Conference, to provide suit-
able offices for various departments of Synod, most of which are
now housed in Concordia Publishing House.. That a number of
efforts made to carry out this resolution were unsuccessful can
be easily understood when we consider how the abnormal times
affect the real estate and building situation. We trust that the
' resolution will remain in force.

10. Several memorials were before the last Synod to reduce
the teaching load of Dr. W. A. Maier, so that he could give more
time to the Lutheran Hour broadcasts. (Proceedings, 1941, p. 39.)
This matter was turned over to the local Board of Control and the
Board of Directors. After a number of joint meetings had been

- held, it was agreed that Dr. Maier be given a two-year leave of
absence as professor in absentia, in order that he might devote his
full time to the interests of the Lutheran Hour.

11! Through its Advisory Board for Valparaiso University the
Board kept in close, sympathetic touch with this our only Lutheran
school for higher learning. Reports were submitted from time to
time. Every year the Board gave permission for a congregational
collection for Valparaiso, without putting on a high-pressure

campaign. We are glad to note that the scope and amount of these

collections have increased from year to year. In March this year
permission was sought and granted to put on a debt elimination
campaign to wipe out the indebtedness of $300,000.00, which is
hampering the work of the University. This was not to be a con- .
gregational collection, but was to be collected through individual
contributions to be solicited from the 40,000 readers of the Valpa-
raiso Bulletin and through the gifts of larger contributors. We
recommend that time will be granted on the convention program
for a report to Synod on the University.

12. Close contact was maintained with Synod’s Radio Station
KFUO. Since the last convention resolved to grant an annual