Word: mortgagee
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Dates: during 1940-1949
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The man behind this mortgage burning is the First Congregational's minister, the Rev. James W. Fifield Jr., 43. In the eight years of his pastorate, Dr. Fifield has made his Los Angeles church the biggest Congregational church in the U.S.
Some 2,000 church members crowded into the church. The photographers poised their flashlight bulbs. The parson's wife stepped to an oil lamp and held the mortgage contract over the chimney. In less than a minute, one of the tidiest church mortgages in the country (from a banker...
When he took it over, the bank was demanding long overdue payments on the mortgage. Into this desperate situation Dr. Fifield descended from the skies: he arrived from Grand Rapids by plane in response to pleas from the First Congregational's Committee of Eleven.
Dr. Fifield's drive to pay off the mortgage on the 75th anniversary of the founding of the First Congregational Church is his greatest high-pressure campaign to date. Practically everything was done to church members to make the money roll out of their pockets except stand them on...
At the end of the triumphant campaign Dr. Fifield made one small mistake. In his elation he invited an official of the bank which held the mortgage to witness the mortgage payment. The banker wired: "Please be reminded that officers of the bank do not at this period derive an...