How the Episcopal Church weathered the great depression. From Time Magazine 1932. In that year $15,000 was equivalent to about $235,000 today. Thank God for those rich wives.
Presiding Bishop James De Wolf Perry began the move for voluntary retrenchments last week by pruning his $15,000 salary 10%. He has a rich wife, an independent income. New York's small Bishop William Thomas Manning, who also has a rich wife, a fine Bishop's Palace, a salary of $15,000 and a $5,000 "discretionary fund," followed suit. In response to an emergency call for retrenchment from Bishop Perry, Massachusetts was the first diocese to act as a unit in salary cuts. Bishop Henry Knox Sherrill. who gets $15,000 per year, joined with 300 Massachusetts clergymen in contributing $28,000 in the form of reduced salaries. From retirement emerged wealthy, 81-year-old Bishop William Lawrence to lend sage counsel.
The general clergy was spared salary adjustments. No salary cut could Long Island's wealthy Bishop Ernest Milmorc Stires take because on assuming office he refused a salary, has only an impressive residence in Garden City with a liberal maintenance allowance and discretionary fund.
http://www.time.com/time/magazine/article/0,9171,743344,00.html
1 comment:
Times change. Wish we could find a priest with a wealthy spouse or a considerable inheritance to help us a couple of days a week!
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