Religion: Pensions, Pensioners

In 1917 the "pitiable" state of elderly Episcopal clergymen moved Bishop William Lawrence (now retired) of Massachusetts to raise $8,700,000 among U. S. Episcopalians, help found the Church Pension Fund. Treasurer of this organization today is J. P. Morgan, although the man who really runs it is dapper, twinkling, argumentative Bradford B. Locke of Princeton, its able executive vice president. Last week the Church Pension Fund held its 21st annual meeting in Manhattan, heard from its President William Fellowes Morgan that its assets now stand at a fat $33,000,000. A new...

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