# LCMS Convention Proceedings_St. Louis Missouri_1944_S300
# Machine transcription, uncorrected — CHI Digital Archive (demonstration)

800 ce Finatielal ‘Matters —

care of in this way. The building of the professor’s house was
Postponed.

29. The New Seminary at Buenos Aires, All the reeymmenda-
‘tions adopted by the last Synod concerning the establisiment of ”
~a new seminary’ in Argentina (Proceedings, 1941, p.95) were car-. |
ried out. Prof. Albert Lehenbauer was called’ as regular theo-
- logical professor and temporary president of the seminary. A full-
“time assistant was granted in the person of Pastor Rippe. The
“request for a full-time second professor could not be granted). since:

. “Synod alone has the right to establish a new professorship.

30. Any- further information on the activities of the Board dan

. be Gained from the complete official minutes of the Board Proceed-:

Yngs in charge of the Secretary.

31. The Board of Trustees of Synod’s Trust Funds reports: to
us as follows:

“The Board of Trustees of Synod’s Trust Funds came into.
‘being on April 22, 1937, through appointment by your Board. It
‘consists of the President of Synod, the Treasurer of Synod, and

five members appointed from the laity of Synod.’ Dr. J. W. Behn-.
ken has been a member since the beginning: : Dr. E. Seuel served:
‘until his retirement as Treasurer of Synod in 1942, when he was
succeeded by Mr. W. H. Schlueter, the present Treasurer.

“Lay membership on this Board is limited to two successive’
terms of three years each, after which there must be a lapse of
‘a year before the incumbent is again permitted to serve. Orig-
inally the members were: Messrs. Fred C. Pritzlaff of Milwaukee,
John A. Sauerman and Paul Schulze of Chicago, Walter H.
Schlueter and Richard H. Waltke of St. Louis. In 1938 Mr. Pritz-
laff withdrew . and was succeeded by Mr. August J. Luedke of
Milwaukee. Mr. Schulze served Mr. Schlueter’s unexpired term
_ from 1942 to 1943. Messrs. Sauerman and Schulze were succeeded
“by Messrs. Eimil Harms of St. Louis and C. H. Garbers of Chicago
_in. 1942, Messrs. John a Sauerman and Theo. Schroeder — the
‘latter of St: Louis — succeeded Messrs. Paul Schulze and Richard .
“H, Waltke in 1943. At present the term of Mr. Ludke has expired,
and Mr. Waltke has been nominated as his successor.

“The duties of the Board: of Trustees aré’to-‘manage, conserve, :
“and be responsible for all legacies, bequests, devises; endowments,.:
‘foundations, annuity gifts, and all other trust funds of Synod and
of Synod’s ‘institutions ‘and. activities.” During the seven years ©
‘ constituting the life of this Board the responsibility of. trust -has *:
“increased considerably. In April, 1937,.the total of trust’ funds |

~ placed in ourcare amounted to $3,734,514.59. On March 31, 1944,
this total ‘had grown to $6;263,103.28.