New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-17
TT MAY GO OUT OF BUSINESS
PLAN OF THE AMERICAN CHURCH Mis-
sIONARY SOCIETY.
COMPELLED TO RETAIN IT'S CORPORATE EN-
BE TURNED OVER TO THE GENERAL

IsTENCE But ITS MONEY WILL PROBABLY
BE TURNED OVER TO THE GENERAL
BOARD or MISSIONS.
>. 49,, ,rus,ees Of the American Church Mis-
.i,,.rv Society adop; the plan now under serious
considerations the society. the treasury OF wh'ch
has been depleted Of nearly $4,000 OF tunds' as mas
rocor,lv been discovered. Will wind up It's aIaits
and will practically go out OF active business Inc
conditions under which it holds most of It's trust
c,,ds ar. sucb however that II will be compelled
e. re,oin its corporate existence, but the money at
its dismissal will be turned over TO the Ueheiai
BOARD OF Missions of the Episcopal Church
According 10 the statement Of the Rev Arthur
r. Knsolving one of the Executive 'oi""'','oc
which has been examining the books OF the society
since the shortage left by Henry A. Oakley 'he
treasurer and the Rev. William A. Newbod, the
raneral secretary was brought 10 light the losses
of the society have been large but they nave eA-
tended over a long period or years anu ia'se
renaration will he received. In one case. ne says
that OF Mr. Oakley. there Will be- a full restora-
tion The actual money loss will be less than
$1,000
To those who remember the establishment or the
American Church Missionary Society, the protest
Of the late Bishop Burgess. OF Name whlch WAS
r,ade nj that tme seems prophetic lie opposed
IN, formation Of the society," at least It's incor-
marathon for he apparently foresaw that any Or
,anization antagonistlc to the General bcard o'
Missions would probably come TO grief sooner OF
later.
This s.cetv was organized in 1850 by those who
~, ornosod 10 the General Board or were dssat-
is6ed with its management. The new society ur-
,red its preference for the system or voluntary
asso,lation for missionary work in DISTINCTION from
.be Genera! Board II gained many adherents' anu
IN one year. not long after its establishment its
contributions reached the sum or nearly s''""' !"
1871 the General Board extended an invitation 10 'he
American Church Missionary Society 10 become an
auxiliary OF the Board. but the invitation was de-
clincd In 1877. however at the request or the So
cietv a committee appointed from botn organ
lzations to discuss the question Of union on some
basis with the result that the society became an
auxiliary TO the board but II retained us cnarter
tts organization and It's Independence with regarh
10 fields of labor and the administration OF ITS
funds" Although auxiliary OF, the society mas
been in no sense responsible TO. the parent uou!
and tho annual submission or accounts WHICH II
has made to the Board has been only a torInaIlty
Tho proposlton now before the authorities or the
soie is 20 turn over their funds 10 the treasurer
OF the General Hoard for expenditure, as tle Ia.-
tor MAY deem advisable. Trust funds amounting 70
over $4,000 have been placed IN the care OF tis
society and they cannot be given absolutely ana
legally 70 the General Board Hence the society
must retain its existence. although IL may not en-
gaze In active work In the future. The general and
special funds the disposal OF the society assre
gate tl3i.8 . e.
l. Is probable that the line OF action TO be fol,
lowed In the future will be definitely determined
continue 70 prosecute the present missions OF the
society in Mexico Hayti South America and else
where II: the event OF the suggested change, Is
question which has not been settled