Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-03-12
MERGE GREAT FUNDS
FOR RELIEF OF CLERGY
Episcopal Boards Issue Statement as
to Rive Million" Fund Now
Being Raised.
CARRYING on LARGE wOIil
General Clergy Relief Fund Has Been
AlnUncr of Episcopal Church for
SiNty-One Years in Relief OF Aged
Clcrg. men and Their Widows.

Vt 4 meeting Of tho trustees OF tho
General Clergy l;cliof Fund held at ].
Wall street. New York ct'y. ON Fob.
ruhry -, the trustees by unanimous
action. took AN important step in uni
lying tn" system OF pension and relief
OF tho clergy. widows ard orphans If
,he Episcopal Church. Il va. agreed
tha; tho General Clergy Relief Fund
would hereafter work With the Church
Pension Fund towards ono system.
which. when the $4,000 GOO nov. sought
for hy the Church Pension Fund is oh.
tanned, viii 10 contaminated through
q merger Of the two systems. For
siNty-one years tho General Clergy Re-
lict Fund has, by its efficient charita-
bio system, been tho amoncr of the
church FOR the aged clergy. WIDOWS
aud orphans. The corporation has -
capita! OF some 100000 and has dis
tributcd each wear about $4,000. q
luna which has been built up largely
under the leadership of Rev. y fred
j. i. Mcclure, OF Philadelphia
Tho following statement has teen
issued by tho officers OF the ,;,u.ral
Clergy Relief Fund and the C.,uvch
ension Fund:
&c n
cral Clergy Relief Fund looking back
with gratitude at the lahors OF the
fund fer the siXty-onc years OF it's his
tory rar;icularly during the sixteen
Years Of the present administration
anticipate with pleasure the fruiticn
OF ,heS" labors in the early establish
n"nt of a complete pension system for
the church in the Church Pension
Fund. Until March J. 1917, request
p"rishcs and individuals to continue
their usual contributions 10 the Gen.
",hl Clergy Relief Fund. ON March /.
l"l'. when tho $500. coo reserve OF the
church Pension Fund Is planned to he
accumulated, the two funds. acting un-
der the authority Of the general con-
Ecntion. and a special law of the State.
Of which both arc corporations will
merge under the tile of The Church
Pension Fund"
After that date all liabilities OF tho
General Clergy Relief Fund will hc
assumed by the Church Pension Fund.
ana the assets Of the General Clergy
Relief Fund will he held under The
trusts with which they are now i'm
Clergy Relief Fund will cease TO be
taken separately; tho assessment by
the Church Pension Fund or parishes
Of !. per cent on their clerical salaries
VIII carry the entire cost OF pensions
to the clergy and their families Tbc
clergy Relief Fund request all OF its
trends TO contribute generously to the
so.oUo,ooO reserve. which will enable
the Church Pension Fund to star; its
system. The trustees of both funds
express their high appreciation of the
services of the Rev. Mr.. Mcclure. who.
as executive officer of the General
Clergy Relief Fund. has hecn IN er-
fective instrument in preparing the
church for comprehensive pension
plan.
tSisncd, DAVID II. GREER
PRESIDENT General Clergy Relief Fund
tSigndD ALFRED j. i. MCCLURE.
Treasurer and Financial Agent Cen
eral Clergy Relief Fund
tSiSncd) WILLIAM LAWRENCE
President tho Church Pension Fund.
(Signcd) MONRLL SAYEE,
Secretary the Church Pension Fund.