Religion: What Churches Should Buy

The 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.

Diversify your church wealth thus, advised Mr. Boult:

Government bonds 10%.

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