Word: funds
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Dates: during 1930-1939
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...unwittingly inaugurated a new program of cooperation between the University and its immediate territorial neighbors. This was the first of a series of speeches to be made by members of Harvard's public-speaking classes to various high school, church, and teachers groups in behalf of the current Community Fund drive...
Public speaking has thus joined the various English composition courses in providing vocational training for their more promoting students. Just as the "Advocate" and the "Monthly" provide a practical outlet for the talents of budding authors, so does speaking in behalf of the Community Fund give invaluable aid to aspiring orators...
...last week the indefinite extension of an arrangement with China which permits China, when caught short of cash between her monthly shipments of silver to the U. S., to make and pay for purchases in this country by borrowing from the Treasury's $2,000,000,000 Stabilization Fund on the security of Chinese gold held in U. S. banks (estimated to be somewhere around $110,000,000). When China's next shipment of silver arrives in the U. S., she sells it to the Treasury, and with the dollars thus obtained, repays the loan to the Stabilization...
...pitiable" state of elderly Episcopal clergymen moved Bishop William Lawrence (now retired) of Massachusetts to raise $8,700,000 among U. S. Episcopalians, help found the Church Pension Fund. Treasurer of this organization today is J. P. Morgan, although the man who really runs it is dapper, twinkling, argumentative Bradford B. Locke of Princeton, its able executive vice president. Last week the Church Pension Fund held its 21st annual meeting in Manhattan, heard from its President William Fellowes Morgan that its assets now stand at a fat $33,000,000. A new problem, however, faced the Fund-the possibility that...
...total annual income of $15,000,000. They pay nearly $11,000,000 a year to 38,000 clerical pensioners, widows and orphans. How much an individual pensioner gets, after retiring at around 68, depends upon how well-managed his church's pension affairs are. The Episcopal fund, first in the U. S. to be established and continued upon the sound "actuarial reserve" basis used by life-insurance companies, pays the most- an average $969 a year. In general, pensioning ministers has special actuarial aspects. It has been calculated that their life expectancy at 68 is 11.35 years, whereas...