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WOUGHBREDS!
PENSiON
‘Bishop Lawrence Sets Out to Raise
$5,000,000 For That Purpose.1
The Right Re1. William Lawrence
.Bishop of Massachusetts, who sut-
('eedod Phillips Brooks,tw-ent_1t1m
years ago has left his home in Bus
ton and opened an olflce at 14 “'11 ll
street. New York, in order to liaise:
$5,000,000 with which to start a scien-
tific pension fund for the 6,000 Epic
copui clergy of the. l‘nited States. He
means to enable clergymen who wish
to retire at the age of sixty-eight to;
do so on half pay He intends alsoi
to care for the widows and their ml
nor orphan children.
1
Bl his friends the bishop is consid
cled to possess almost unparalleled
rovers of persuasion He says he 1810111111111 has a wife and two mile c1111 1"; Ii: "5" ‘3 '° be "‘1" ml" nor can"
1'01 a money raiser They say that dren. Perhaps he will be getting 32,-1" " ”mg" “mm" ”a "y
as one of the board of fellows ofi
Harvard univ'elsit) (Harvard is gov-
erned by this board of seven mom-i
bus) Bishop 1.1111 rence raised 82 250
000 a few wars ago for that institu-1
hon. 1
'He became acting president
Welleslev college, and within the
week following oc("'1llled the big fire.
it became his duty to not.
’ amount needed was $2,000,000 and1
Bishop Lawrence gave himself ten'
months in which to collect that sum.
starting on March 1 1911. At eleven
11 clock on the night of Decelnbel "1
there was still a considelnble short 1
age. but the bishop said that therei
was no cause for alarm, which was’
demonstrated when the mall on New:
Year's morning brounht between 330.1
000 and $40 000 more than the rc-1
qulrcd amount. 1
It would seem. therefore ,that the
thief diiliculty has been overcome ml
the project of starting the church
pension fund with 3110001100 The.
city has the money and Bishop Law-
rence has a propositon w.hich onkthe.
dentimcntal side admits of no intui-
ligent criticism, while experts say it
is more sound on its actuarial and
financial sides than any similar under-
taking has ever been
Another reason for success mav hei
found in the fact that J Pierpont Monl
can lie treasurer oi’ the fund, of
which the. bishOp is chairman, Shmuel
Mather vice president. and Monell
Sayre, a former official of the Carne-
gie foundation, the secretary. Robert
Henderson. actuary of the Equitable.
ife Assurance societ1. has. given the.
church the benefit of his experience
in drawing up a working plan for the
relief of the rectors and their fami-
lies through the system that has been
adopted. 1
At the very start Bishop Lawrence
. OPEN NOSTBllSl END -
A COLD OR CATABBl-l
3 How To Get Relief, When Hood
and None are Stalled Up.
1.0mm. fifty! Your cold 111.111 or
catarrh disappears‘ Your clogged nos ‘
trlls will open. the air pooling» of1
your head will clear and you can
breathe freely. No more 'oiuilflig. hawk-
muacouo .diechlrn... drum:
; no Itrlilzllnc for ma. ‘
i
moon. membrane. giving Murmur
roilof. Hood colds Ind ootorrh ylold
NEGOWITN
FUND FOR MINISTERS.‘
_1came up against one diflicult proposi
i
1ows of clergy,
11111.1 children, 111 o
-l'uns the chance of reading
lie ill-sic. non't our otulfodjup onu ,1
one...“
Goon To E
IO'LLEGI
1110 «new
AMT
cronies!
“QT
I
discovered that 11 pension system
tion. The clergy are of all ages;
there is a great disparity between
lheil' present ages and the ages at
which they were ordained. A study
of the pension s1stems of the world
.110“ cd that if every parish. or other
101'1zanization,in addition .to paying the
rectors salari. should also pay an
amount equal to seven per cent. of the
slilan to the church pension fund. a
moderate pension could be given to
those clergvmen who wish to retile]
at the age of Sixty eight to the wid-
and to their orphan
children.
"Suppose a l'ectot is receiving S1,-1
200 a war, which is the normal salary
throughout the church.” said Bishop
Lawrence. “He is thirty-eight years
000 when he is sixty- eight and has
of thcln under
twenty one He is expected to sup-
port his family and clothe them
pretty well
“When you come to think of it, you
0f lino“ that he cannot save money for
old age for much life insurance. The
truth is that the church is getting his
Th? boat strength in his best. years, und1
when he is old' the custom has been
to 1111011 him upon churit1.And in
in the
papers puthctic appeals for him +1111!
his family. Do 1ou like it?
“Can any man be expected to do his
best work through life with that fu'
ture ahead? Can the public be ex-
pected to hold 11 body of men in high
respect who with their families the
going to fall into the charity class?
“Take the rector of whom we have
1been talking and his $1200 a year.:
His parish pays him $100 a month.
Tile pension system would require
.thnt the parish also send $7——seven
per cent——a month to the church
pension fund. which. having the rec-
burn and S J. Miller After tho
.ord of- that rector every month of his 101' church work see that her hus- I
active ministry and putting the funds
1at interest will pay the pension to above all thin", she must be
Lthe old man, and, at his death, to his
widow and children.
“Whether he is in one diocese or
another, whether he moves livery live
years or stays in the some parish for
life, whether the diocese in 11611 or
poor and has widows and orphans’
funds or not, will make no ditl'enence.
if his parish or mission has paid the
premium during his services with
them he and. no one else gets the pen-
sion—his widow and minor children."
If the church pension fund were a
contributory affair. and estimated
thus on a percentage basis, on what.
grounds, Bishop Lowrance was naked,J
did he urpcthe giving of $5,000,000?
'“The great trouble with pension
funds," replied the bishop, “is that
they generally start th the pleas-
ing assumption that 11_ their members
are young. Unfoflimoteiy'thlo assump
'llon is no more true of pensioners
than it is of other people. When a
man begins» young. something like
seven per cent. will carry his pension.
but if he is _-fifty SV8 91:31:97 when
pen-ion fund starts. there ‘
:5 figuring no if ho wore
LOOKS
V5 IT W‘ ONCE
GECfl-OSE
‘ ‘mollon o'r' tired.
tycoon; "1: it were not for Foley Kid
.2‘no1yPlllol.'oould novorbooblo to-
i
a I
/
1
- l THINK
AN'
.9
or
XIII]
1
.1
Hi1”
//
/
CLG‘THING'
Chi? ”DON S£R VICE
to the old men mt only all that they:
but'
i
themselves have contributed.
what the young fellow hue contribu-
ted as well. The fourteenth year
usually show things going to smash.
The only way to avert this ill citinr’
to ask the older men for something
like half of their salaries or to begin
operations, with a reserve.
i “The seven per cent. premium will’
provide an old age annuity equal toi
ilfty per cent. of the salary of the |
clergyman, and to a widow and minor ’
orphans.
“At the age of sixty Weight upon re-
itilement from regular work, this an.
nuity calculated (for technical roo-
sons) at 1 1-4 per cent. of the. aver
Inge annual salary. multiplied by the
Lnumber of years of the receipt of and
cry. will result in an annuity which
"it is figured this way: When ordl~
nation takes place at the average age,
1twenty-eight. and service in the
church has been continuous. the forty
years' service multiplied by 1 14 per
cent means fifty per cent. or half
pay. Such a method of calculation
1'101 the whole. church enables all im-
nuitiea that would be below $600 to
be brought up to that amount
"We shall also provide. upon dis
!
ability at any age, an annuity during;
itlle continuance of the disability equal
,to forty per cent. of the average 1111-
1nual salary for the last five years,
who a minimum of $600.
‘Aud now as to the widow. The
parsou's wife is 11 public character.
Tille. law 1ers wife may be :1 scold. the
1hueineua man's wife. may be flashy
but the person‘s wife, always hcfole
ltbe public. must be near the angels.
EOnce in a while the purscn gets a
misfit in choosing a wife. but. taking
iAmerlcan wives as they go, has there
been a liner. more self—sacrificing.
more emcient and more saintly body
of women than the pursons' wives?
"She must dress well. dress her
children well, do more than her share!
band's clothes are in good shape. and,
lF*fl“w
9“,.“ Y0” Kl!)
i"
DESMGDND .
1am as nears»:
111.1115 sun-war 11'
mm ‘woo'r are» “”5112;
p 11' UP FER ME SAUSAGE! '
l‘u. militia 11' .
mat-1w
”NT or MY all:
H‘fli‘ fizuv DAT
WHEN Dev 552 11'!
‘ml
o
L ‘t
\‘3
MARYLAND HA8 BIG DEFICIT.
1 1151: FOR and our
ANNAPOIJS. Mi. JI-II. 13.—-uory~ ’
.. - HORLICK 5
Governor and two Democratic Logicl .
=lutures during the last four year-o, to- THE ORIGINAL
day returned to :Domocrocy in both
branches of the State government with
the inauguration of Governor Ernerooni
C. Horringtou.
in his 11111113111111 address the nevi
executhe said tho state faced a. deficit i
of 31500. 000 become of the present;
MALTED MILK
1M oubotitutoo “YOU Imp?
CHIDHESTEB S PILLS
TIE DIAIOKI IRAN
FOO—I y'-
Sy‘dlelll of appropriations, and that o! {EL 1. M
budget system Was necessary. 8 a... will [no
Hot
fin nun r” a.
i mkmumm
4'" ' 8.1.11.1 W M- 1 minimum
42'Piece
DinnerSet
AND
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a
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—~. “A
W
. ~won1<so 111‘ THE HAY FisLo‘.
Arthur Jones. Allen.- Koo" writer: "1
hove been troubled With bladder and
kidney troubles for a good my
work in the boy hold."
Mon on wound boot- middle doc
dud those piling Mold romody 'for
one. 1‘ , .
no «motion
under the sun1 _
”11.111111110119111 or: ill-mod» kid-f
IS SOMETHING NEW IN DINNER WARE
The lucky Bluebird ("Tho Soul of Happiness") is the dough of
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Dicplayed at .Gehebe’s
25 WASHINGTON ST. scum NORWALX.
_. he’s
Soutb'hiorwalk
Get, " .'
It
25 Washington St”
Blue Bird Set Coupon
Tue Jan. 11
WHY
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Mo THAT 60W!
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will,
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JPTICIAN AND OPTOMET-
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HEADQUARTERS FOR ’6
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STORAGE AND REPAIRING.
WORK A SPIOiAIEI'Y
Norwalk Chronicler