Collection › LCMS Convention Proceedings (St. Louis, Missouri) › 1926 · 33rd Convention, Holy Cross Church › Page 924
LCMS Convention Proceedings St. Louis, Missouri — 1926, Page 924

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

924 Proceedings of Thirty-Third Regular Convention,

Wuereas, Information regarding the needs and the circum-
stances of present and prospective dependents is essential to enlisting
the interest of our congregations and people at large; therefore be it

Resolved, That we recommend to the General Body of the Mis-
souri Synod at its next convention to call into service a full-time
General Secretary with clerical help to conduct the affairs of the
General Board of Support. , :

The District also voted to go on record as follows: —

“Although it is not possible at the present time to have a general
pension system, we recommend that the English District go on record
as urging Synod not to lose sight of the ultimate aim of establishing
a Pension Fund.” J. FrepERIC WENCHEL, Secretary.

Action.
Synod resolved not to call a full-time secretary. at this time, as
present arrangements are satisfactory, but to authorize the Board of
Support to employ clerical help for the relief of the Board’s secretary.

Report of the Lutheran Laymen’s League Endowment Fund.
January 1, 1923, to December 31, 1925.

‘On January.1, 1923, the fund amounted to two million fifty thou-
sand three hundred sixty-six dollars and twenty cents ($2,050,366. 20),
and on December 31, 1925, it amounted to two million three hundred
four thousand six-hundred eighty-seven dollars and seventy-nine cents
($2,304,687.79), showing an increase of -two hundred’ fifty-four
thousand three hundred twenty-one dollars and fifty-nine cents
($254,821.59). This increase is accounted for as follows: —

Two hundred fifty thousand dollars ($250,000) of this increase
was received in June, 1923, from the Lutheran Laymen’s League.
The balance of four thousand three hundred twenty-one dollars and
. fifty-nine cents ($4,321.59) is accounted for through exchange or
reinvestment of bonds that had become due.

- Ag stated in my report of three years ago, nearly all the fund is
invested in registered United States Liberty Bonds. The fund is
kept in a fire-proof and police-protected vault in the National Safe
Deposit Co. in Chicago, and the box containing the fund cannot be
opened except in the presence of the treasurer of the fund and one
witness, either President. Pfotenhauer or Mr. Fred C. Pritzlaff.

The treasurer has given a surety bond by a surety bond company.

The income of the fund was turned over to Mr. E. Seuel, Treas-
urer of Synod, for the benefit of the Board of Support in an amount
of two hundred eighty-eight thousand dollars ($288,000) during the
period of the three years. One thousand two hundred seventeen
dollars and ninety-two cents ($1,217. 92) is in the’ bank, being the
balance on January 1, 1926.