LCMS Convention Proceedings St. Louis, Missouri — 1932, Page 162

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934 Proceedings of Thirty-Fifth Regular Convention,

will refer to only one. There are quite a number of loans on which
no payments whatever have been made in five, ten, even fifteen years,
which indicates an utter lack of consciousness of obligation.

11. Several of our colleges, particularly River Forest and Spring-
field, have had the laudable practise of requiring work on the part
of students receiving help out of indigent ‘students’ funds of the
college. There is much work at our institutions that can be done by
students with profit to both college and student. Quoting Prof. H.
Stoeppelwerth in the American Lutheran: “Our boys will learn the
value of money and the laws that govern its acquisition and use.”
A number of other colleges have now also instituted the practise with
satisfactory results, and we would commend the plan to Synod for
general adoption.

Respectfully submitted by your
Boarp or AUDITORS.
Ws. Lotrmann. W.H.Roscuxe. O.E. Fiscuer.

Action on the report of Committee 18: —

As to paragraph 5, the recommendation of the committee was
adopted that Synod, for the reasons stated, act favorably on the rec-
ommendations of the Board, that where vacancies occur in the facul-
ties, the Board of Directors be consulted before such vacancies are
filled.

As to paragraph 6, the recommendation of Committee 18 was
adopted that Synod establish the rule that all our educational insti-
tutions charge a so-called “furniture fee” to make replacements when
and as they become necessary.

_As to paragraph 7, the recommendation of Commitiee 18 was
adopted that the matter of inequality of other fees be referred to the
Conference of Professors. .

As to paragraph 9, regarding the setting aside of 5 per cent. from
the earnings of the Endowment Fund to build up a reserve fund (see
also Memorial 610), the recommendation of Committee 18 was adopted
that, after the present unsettled investment conditions have righted
themselves, the 5 per cent. which the Special Board is. setting aside out
of “A” earnings be returned to the Earnings Account, to be used for
the support of our Veterans of the Cross-as originally intended.

As to paragraph 10, referring to delinquent Church Extension
loans, the recommendation of Committee 18 was adopted, reading :
“Referring to loans on which no payments have been made for five, ten,
and fifteen years, indicating an utter lack of consciousness of obliga-
tion, your Committee récommends that Synod express its disapproval
of such indifference to obligations and encourage the Church Exten-
sion Board to call upon the District officers for assistance in bringing
the matter to the attention of such congregations.”