Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1893-06-15

total sum expended was 81 So. 5t leaving
a balance on hand of S3lS 49, There arc
important places Us yet without even oc'
casiOnal manifestations of the church and |
it grievrs the committee that they are not |
able, for lack ot funds, to occupy them
The financial statement Of the treasurer of |
the committee accompanied the report.
Following is a summary;
Balance reported to convention
June iSt- !n'S -. Z '...''''...'..''S lI32l
Special oneftorles.: -......,.,......,.,. 2lS25
Personal contributions. ............... gll..0
s2,ii1.5a
Payments ACKNOWLEDGEMENTS. Si,s2T.5i
Balance in treasury ...........,.....S 3ls,sS
Bishop Coleman called for pledges from
the different parishes for the missionary
and educational committee. The responses
were US follows: Church of the Ascension,
Claymont, s27; Old Swedes, $50; Trinity,
Wilmington, 500 Christ, Delaware City,
So or $50; st. Peters, Smyrna, $50; Christ,
Dover two collections to be taken st.
Luke's, Seaford. SO; st. Marks, $40.
George ii, Bates read the report of the
trustees of the diocese The following is
q synopsis: Since the report to the last
convention there has been considerable
and gratifying increase of trust property
conveyed or assigned to this corporation
and there are indications OF much more
that will be ut an early date. The trust of
primary importance. both in amount and
dignity, is the fund for the endowment of
tie episcopate. BY the report of 1857 it ap
pelred that the fund had then reach ed u
Total of 81, SO. including Sl4037.i9
then due from the parishes under the
usspssment made by the convention of
ls>2. when S5O,o0O was settled upon us the
amount of the fund, until such time as
hy resolution of the convention, that stun
should he declared insufficient. The report
of lSS1 concluded its discussion Of this
subject with an earnest appeal for such
action ~ the convention as would secure,
first the PAYMENT IN full OF the balances
due from the parishes and, secondly, that
AN effort be at once nauyuratGd to obtain
Individual subscriptions independent Of
and in addition 10 the parochlal apportion-
mcnt now in course Of collection This
appeal was made To a convention whose
members were thoroughly aroused TO the
NECESSITY of prompt and effective action
ANA the response was the passage Of Il
resolution for the increase Of the fund by
the addition to all existing resources of
s,,U.uOO, to be raised by u canvass of the
diucpse bv one or more special agents. BY
a second resolution the payment of the
balances due from the parishes was also
tirrcd The Rev. 7. Il. Llghtncr was
selected to tax" charge oil this inn
unrtant matter Aided, mainly iii cutln-
sci, bv Il committee of laymen of his
own choice he was able to report in
six months subscriptions to the amount
Of 81. 900, whercupon the deputies From
81, Andrews Church, Wilmington, guaran.
tred the interest on the remaining 5000
until il should he made ny individual sub.
srriptlons At st, Johns Church Deem
her 7th, 1857, the endowment fund of
S3OOOO was placed upon the altar. The
ANONYMOUS subscription to the fund of
f,i,i. rt.Il inst "a Ia
seuueut addition, 1t resulted in an actual
increase Of 81 900, rs the sum of $1,000 was
until then required to complete S3D, 900,
the amount agreed upon for the additional
endowment fund. The time for the pay
ment of the last instalment oil the sub
scription notes expired November LIST.
1syl and June 9th, 1888, there remained
due and unpaid on said notes Principal,
"a III 81. interest, SSOS.5l total. 81, 800 UJ.
Of this there will inevitably be some loss,
mt much less than was anticipated The
following summary shows the present
condition of the fund as compared with
1857:
I,yss,,nents. 81, 50l.00 fj2.SOO on
h-principal,, hl.if 2Od II
Balances due from parishes ll,I3L93 a,Osi5s
Cost of real estate bought
in by corporation As mort
cages (nlniILing S35uu3ac-
crusd ntefesl).... a,HUhS'
Balance principal OF notes
tana NEUTRALITY-SUSPICIOUS.. s,557,5:
Paid on notes since trea-
surer's report. .....,.... lTaO
fa9,2l6.OO $40 O!9g
The item Of unpaid notes for the endow
ment fund ought not to contain posi-
bilitv of loss exceeding at tue utmost
81, so. We may, therefore, safely tret
Inc existing fund, assuming all the unpaiC
as over SOS, 900, as against $4,000 in 1887
In order that tho convention may under
stand precisely the income available to
the payment of the salary of the bishoI
the following statement OF income nov
hsinr, received is made Annual lnteres
on SIS 900, d per cent mortage s., liz. oi
SI7, 100, per cent mortgage $500; on bal
ances due from parishes, S536.7l; net rent
from real estate which can be rented, sa,
500 total, 81, 6337l." The disabled clerg.
fund, the report continued, has increased
from 81 600. IS in 1887 to So, $50 81, as snowl
by the treasurers report Tor TINS year,
The treasurer read his report, OF Which
the following is summary:
PrincipaI of endowment fund ........f7,9 81 80
Holy TRINITY I'D swedesl Church per-
nAnent fund Unteresp. ,..,,......... 500
Interest of sndowmentfund ........... 5,4UI =
Principal OF disAb ed clergy fund 49,. 5l5.0
Interest u disabled clergy fund....... 3Ja
CIR,
Principal Of endowment fund ....,... s7,9lie
Holy Trinity (Oid Swedes) Church per
manent fund (lnteresll, ........,..... suhl
Interest of endowment iund.... ...... 5,iU'.C
Principal OF disabled clergy fund ....- aia.t
lntorst OF disabled CLERGY iund........ 1891
DIR. Littell, dean of the missionary cor
vocation, read his report.
The Rev. Mcssrs. McKim and Wells an
Mr.. Newbold were appointed a Commute
TO nominate to the convention liz person
for election to the vacancies in the boar
of trustees of the diocese.
st. Peters Church. smyrna, was seiectc
as the place for holding the next CONVEX
ton.
Or. H. r. Burton, on behalf of the We
try of st. Peters Church, Lewes, presente