Word: pensionable
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...reverend administrators of 19 Protestant ministerial pension funds conferred at Atlantic City last week. They were humbly aware that it is God "that giveth thee power to get wealth," in their cases $154,258,455 collected from 22,609,989 church members to care for 110,000 ministers. Yet they wanted manly wisdom on the investment of that wealth. Dispenser of the wisdom was Rev. William Thomas Boult, 43, who worked two years for Scranton, Pa. investment bankers before becoming treasurer of several national Congregational organizations...
Alter the percentages slightly as economic conditions and the general investment market changes. No pension or other denominational board which Mr. Boult could discover owns common stocks. He approved that situation, because common stocks have a speculative aspect and churches must be certain of their investment income. Also many churchgoers deem all speculation unholy gambling; and "organizations becoming partners through stockholding in an industry expose themselves to the charge of prejudice in favor of the industry...
...pension boards disbursed $9,469,533 last year. Their new interdenominational president is Dr. Henry Hayes Sweets, 58, of Louisville, Ky., secretary the past 26 years of the Southern Presbyterians' Board of Education & Ministerial Relief...
Stampeded in a wild, all-parties, vote-getting scramble to voice (but not vote) approval for a proposal to "equalize" (raise) the pensions of 40,000 British veterans of previous wars to the pension scale of World War veterans...
...German mechanic, was recaptured, escaped again only a fortnight before the Armistice. After the War he went back to India, is now a major. He was still good at polo and played on the team which won the 1922 Inter-regimental and Cavalry tournaments. In 1924 he retired on pension, became polo correspondent for the London Times, assistant editor of the London Spectator...