Collection › LCMS Convention Proceedings (St. Louis, Missouri) › 1935 · 36th Convention, Cleveland › Page 999
LCMS Convention Proceedings St. Louis, Missouri — 1935, Page 999

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

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999 Proceedings of Thirty-Sixth Regular Convention,

VI. PUBLICATION MATTERS.

Report of Committee 17:—

We recommend that the financial report of Concordia Publishing
House covering the financial standing of the last three years, May,.
1932, to April, 1935, which report has been audited by a certified
public accountant and the supplement report of which has been sub-
mitted to this body, be adopted. Your Committee feels that par-
ticularly at this convention the management and Board of Directors
should be commended for their efficient conduct of business in spite of
the manifold and distressing economic situations which have affected
also our Concordia Publishing House. (See report on page 223.)

Your Committee, in studying the Financial Report of Concordia
Publishing House, feels that this report reflects a condition in the
extension of credit which is quite out of proportion; and therefore
we recommend that Concordia Publishing House be encouraged to
follow a more rigid policy in the extending of credit.

Action of Synod.
This report was adopted.

Report of Concordia Publishing House.
(Memorial 501.)

The Board of Directors of Concordia Publishing House begs leave
to submit the following report on its administration during the trien-
nium 1932-1935,

There has been no change in the personnel of our Board during
this period. According to synodical regulations the term of office of
the following directors expires: Mr. Walter J unghans, Mr. R. C. Ober-
mann, and Mr. W. F. Wischmeyer.. The following gentlemen still
have another term to serve: Mr. M. J. Roschke, Mr. Oscar P. Brauer,
Mr. Harry J. W. Niehaus, and the undersigned. — May we venture
the remark that the work of Concordia Publishing House Board of
Directors is of such a nature that there always should be a prepon-
derance of seasoned and experienced members on this Board.

We, like just about all other business concerns, have experienced
a retrogression in our business, due first and above all to the general
depression, then to increases in cost of production brought about
principally by the NRA. A Proper survey of our turnover and our
profits cannot be made at the present moment because our Treasurer’s
report on the year closing April 80 cannot be compiled till after that
date. Our financial report will be handed as a separate item to the
delegates at the convention. This much, however, we may now say,
that for the first time in our history Concordia Publishing House