Religion: Bishop on Business

Of the Protestant churches in Chattanooga, Tenn., First Baptist is the largest, First Presbyterian the richest, St. Paul's Episcopal the most swank. Last week at St. Paul's the Episcopal diocese of Tennessee was holding its annual convention, and rich Zeboim Charles Patten, chairman of the church's endowment corporation, was telling assembled laymen and clergy about investments. Up rose Rev. Alfred Loaring-Clark, diocesan chairman of religious education.

"Mr. Patten." asked he, "may I ask whether any of the endowment investments have been placed in securities of corporations violating the principles of Christianity?''

Shuffling his papers,...