Collection › LCMS Convention Proceedings (St. Louis, Missouri) › 1926 · 33rd Convention, Holy Cross Church › Page 208
LCMS Convention Proceedings St. Louis, Missouri — 1926, Page 208

Scan: The Lutheran Church—Missouri Synod
Transcription machine transcription, uncorrected

208 Proceedings of Thirty-Third Regular Convention,

bounds of truth, we can state that it has been the experience of the
majority of our brethren, that it-is a very difficult matter to get the
needed funds for this treasury from our congregations in the manner
practised heretofore. . ;

4, Synod’s institutions, which depend upon this treasury for run-
ning expenses, are the heart of Synod, without which the other de-
partments of Synod’s work cannot function properly and in the end
must cease. The Synodical Treasury is on this account Synod’s main
treasury and of necessity must be supplied before others.

For these reasons we respectfully submit the following plan to
place this our most important treasury upon & sound financial basis.

“Have a certain per cent. (we advise 10 per cent.) of all moneys
included in the budget for each year added to the yearly budget as an
extra budget item; this sum to be set aside as the nucleus of a per-
manent endowment for the Synodical Treasury. The sums which
accrue in the course of years to remain intact until a stipulated sum
($5,000,000) has been reached, —the interest of which will be suffi-
cient to provide adequately for this treasury, — when the interest only
may be used for this purpose.

In this manner Synod will make wise provision for the future, if
not for the immediate present, and will eventually wipe out the dis-
grace of a yearly, deficit in jts most important treasury.

We herewith also respectfully advise other ways and means of
supplying this treasury with the necessary endowment.

- Sincerely hoping that Synod will give this important matter due
consideration and praying God to grant Synod His richest blessings
for all its deliberations, we are,

Respectfully,
Tue Aruinctron HricHts SpecIAL CONFERENCE ;
per Henry Heise.

Prairie View, Ill., January 13, 1926.

Report of Committee 15.

With reference to Overture 609 your Committee submits the fol-
lowing report: Barring the question whether or not it is wise that
moneys for such an important treasury a8 the Synodical Treasury
be derived from an endowment fund, your committee calls attention
to the fact that even at the present time the necessary moneys in-
cluded in the budget have not been paid and therefore thinks it un-
wise to add, as proposed, an additional sum for the purpose of estab-

‘lishing an endowment fund for the Synodical Treasury. Your
Committee therefore yecommends the following resolution: —
Resolved, That Synod reject the recommendation of Overture 609.

This report, together with its recommendation, was adopted.