LCMS Convention Proceedings St. Louis, Missouri — 1920, Page 68

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68 Proceedings of Thirty-First National Conven a

The last two members are to be selected by the first
manent members of the Board, as long as the L. L. L. ex
tains its singular purpose of aiding Synod with word
financial and business matters. At all times the ,
Board shall consist of laymen of the Missouri Synod.

d. The Special Board is to select its own chairman,
an Executive Committee of three, if it seems desirable ai
self make the rules to govern its actions. * amt

e. The fund is to be deposited in one or more banks,
panies, or safety deposit vaults to be selected by the §
and is to be surrounded by proper safeguards. .

f. The fund shall be invested only in U.S. Goy. :
and U.S. Government Securities, or in high-class State and:
Bonds of this country. . 4

Synod also endorsed the work of the Lutheran Laymeg
by passing the following resolution: —

Resolved, That Synod, convened at Detroit June 16.4
preciates the determination of the Lutheran Laymen’s:]
collect the balance needed to complete the Three Million I
dowment Fund for our Veterans of the Cross, wishes these

God’s blessing, and encourages all officers and pastors as
laity of Synod to give further enthusiastic, energetic, and.
support to our Lutheran Laymen’s League in -their effort
every member of Synod do his fair share towards reachig
sired end. 4

3
Concordia Publishing House. Publicatf
(Germ. Rep., p. 179.) ‘ &
The Board of Directors of Concordia Publishing Br
attention to the fact that, according to records still z
Publishing House had passed its fiftieth anniversary on ¥¢
1920. Another successful triennium has, by the grace of @
Rising costs of labor and materials compelled the Boardd
prices. The report covered a great number of items ay
corresponding number of resolutions. (For list of p ably
German Report, p. 172.) Fe
Triglot Concordia. — The Board reported that the p
the Triglot Concordia (German, Latin, English) wo
investment of approximately $45,000. In spite of ext
ing, subscriptions have been -discouragingly few.
that the project may mean a net loss of many thou!
Synod resolved that every synodical congregation be v
a copy of this work. :
Periodicals. — The price of periodicals has not yet be
At present all but’one are issued without financial

at