Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-05-29
OF
CHURCH should
BEDISTR|BUTED
Treasurer Guilds Report Urges
More EndoWments and Bet
ter Salaries to Clergy

John Guild. treasurer of the protest
ant Episcopal church OF the Hawaiian
Islands, presents an impressive re-
port for the u months ending April
80, 1916. The report, submitted to the
conyocation now in session. includes
the following fiGures, showing the
pros Eer.ty of the church here, the in
crease in the value Of It's property nm
der Bishop RESEARCHES administration.
and the broad scope OF its work made
possible by businesslike methods:
Church Property.
4: II will he noted from the balance
sheet that there mas been an increase
OF SITS in the value of church prop
erty actually paid for during the past
year, this increase being made up as
follows; ..".. .-.. =.
st. EIizabeth's, Honolulu IS $500
Epiphany church, Honolulu 81. 5000
KahaIa Beach house lease 49,. $50. 90
Chapel, Kona -.,.......... ...... 600 90
..~. e.. ~ .a-~ :2G75. 90
THE years that Bishop Restarick
has been at the head of the church in
Hawaii have been years of building up
of the church, 10th in Honolulu and
throughout the islands, and the result
OF what the Bishop has accomplished
during these years can perhaps best
be seen by the following comparative
figures showing the increase for the
period during which have been treas.
Grer:. .-'.... .....s ~. - -
Value of church property
and endowments, April
80, 1903 ............... 1851 ,5I4.3J
Value of church property
and endowments, April
30. 1916 ..........|......$5 $3.50 ,S63.l6
In addition to the above. st. Glen
ents church. which is separate cor
poration, owns a beautiful property in
Honolulu valued at $4,000.
While as churchmen we have much
reason to be Proud Of what has been
accomplished, | cannot help suggest
ing that with the present general pros
perity in Hawaii, the matter of trying
to get some additions to the endow-
ments Of the church might well re-
ceive serious consideration at this
time, as an increase in our endowment
funds would mean a great deal in pro-
viding more income for the better car
rying on OF the work already estab-
lished. Conditions in these islands
may greatly change, and We should try
to srovide Tor yile future. ~ { ~
s. treasurer ofstfie church corpora
tion for d nana5er of years, / think I
may also be allowed to say that in my
opinion more thought might be- given
hy Niss hStaen ofeths seharebsts~ the
fact fiHt with living expenses high.
the NsAlafles Sof our clergy are in most
cases Inadequate A clergyman should
not always be IN position where he
constantly feels himself on the edge of
anxiety for the ititure, but am afraid
that this in too many instances is the
case. and in this year. of plenty it
seems to me that special effort
might be made to add to our endow-
ments, and thereby maze il possible to
increase the salaries Of the men and
women who are giving their lives to
the carrying ON of the work of the
Protestant Episcopal church in Ha-
waii ...
Hilo Railroad Troubles Felt. ..
I'm MY last report called atten.
value Of the Hiio Railroad Company
bonds, in which there is invested part
OF the Endo 4ment funds of the
church. As the reorganization of the
affairs of the Hilo Railroad Company
is not vet entirely completed, no
change has been made in the yalua-
ton at which these bonds are carried
on the books of the corporation. BY
the emil OF aRotEers yesL, however. the
value OF what the holders Of these
bonds will get III new bonds and pre-
ferred stock will be better known, and
an adjustment Of the book value of
same can then be made. .v r..
This loss OF ihcome. of course, has
been sharply felt by tie different in
stitutions that lad their funds in
vested in these securities, particularly