The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1916-07-13
AMOUNT Will LEAD DIOCESE
Committee Who Raised It Was Messrs.
Lance, Brown, Cavanagh,
Price and Doctor
Pennoyer.

st. Matthews has pledged $5,465, its
contribution to the national endow-
ment fund for the pensioning of aged
and infrm clergymen of the Episcopal
church.
ut S the most notable offering for
an outside fund ever raised in the
church, y said the Rev. Fred Ingley,
rector of st. Matthews, when the cam
paign ended last night
35It will do away with the tragedy
Of the old and infrm clergyman, de-
pendent upon others for livelihood,
that a Presbyterian minister, writing
in a recent issue of the Atlantic
Monthly, referred to as the crime
Of Professionalism
"The plan under which the fund will
be administered is the most scientific
provision ever made for aged clergy
men and is devised by the expert sta
tistician, DR.. Mcneil Sayre. JaPierre-
pont Morgan is to invest the money
For the past six months there has
been a nation wide campaign through
out the membership of the Episcopal
church to raise five million dollars to
take care Of its aged clergy and the
widows and orphans of deceased clergy.
Bishop Lawrence, of Massachusetts,,
the leading statesman in the House of
Bishops, was released from duty in his
diocese for the space Of a year that
he might devote all his energies tow
ards the success of the campaign.
The money must be raised by March
LIST, 1917, on which date the Church
Pension Fund goes into effect. The
younger clergy will have their pensions
obtained by the assessment on each
parish they serve of seven per cent of
their salaries; at the age of sixty eight
they will be eligible to retire on
half pay.
The protection also insures proper
provision for the families Of deceased
clergy. But in order to look after the
older men in the ministry for whom
nothing has so far been paid, the large
sum Of FIVE million dollars must first
be raised to take care Of what it known
in insurance circles as accrued
iabilities.'
The main difference between ordinary
insurance and this special insurance, is
that if an insured clergyman dies leav-
ing neither wife nor minor children, his
estate has no claim on the fund.
The minimum amount paid any
clergyman will be 5000 per annum.
The maximum amount, $4,000 AS the
men getting $4,000 and $4,000 a year
have per cent of their salaries paid
into the general fund annually, and as
it is scientifically computed that per
cent of a salary reserved for the forty
years of working life which is the
average length, would amount to enough
to pay one-half of the annual salary
thereafter, the men drawing large sal
aries will contribute more than what
they draw out will amount to, while the
men getting small salaries, one-half Of
which would amount to less than $500,
will still receive their 5000 annually
without eating into the capital
To provide against any temptation
on the part of young women to marry
superannuated clergymen for the sake
of getting pensioned for the remain
der Of their lives, the widows pension
is graded according to the number Of
years during which she has been the
wife of the clergyman compared to
the entire number of years he has
served in the ministry.
The committee in charge of raising
the fund consisted Of Al. IT. Lance, g.
G. Brown, n. A. Pennoyer, M. D., Nor
gan w. Price and R. P. Cavanagh.
There is much rejoicing in ST. Mat
thew's parish over the generous re-
spouse of their people towards fund,
no part Of which is to be given to its
own rector, since he is among the
younger clergy whose pension will come
from the assessment on the parishes