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Show Church Debt FinancedAlong Financed FinancedAlong Along Business LinesTen Lines LinesTen Ten days after a plan plnn for paying payingoff payingoff payingoff off Its Indebtedness was adopted by bySt bySt bySt St St . . Paul s Methodist Episcopal plscopal church churchat churchat churchat at Northport , , Long Island , , half of the thegoal thegoal thegoal goal of $20.000 20.000 20000 $20,000 $ . , had been obtained obt'llned obtllned ' In Inpledges inpledges Inpledges pledges It Is expected that th'1t th1t ' the plan planwill planwill planwill will enable the church cburch to pay tbe the tbeentire theentire theentire entire debt In thirty six mouths months with wIth- wIthout without without - out asking asUng for any nny contributions . . , The plan vlan was devised by the theChurch theChurch theChurch Church Financing rInancing Bureau of New NewYork NewYork NewYork York , which whicb la Is conducting the cam clm- clm cam- campaign clmpaign : campaign - - paign Friends and members of tbe the tbeI tbechurch thechurch thechurch I church are asked ashed to lend small sumswhich sums sumswhich I whIch are to be repaid twenty years yearshence years yearshence yearshence hence to the lenders or their heirs heirsTo heirsTo heirsTo To guarantee payment p'lyment plyment ' , the church churchwiII churchwill churchwill wiII will tal take e out a policy , , on the twenty twenty- twentyyear twenty-year twenty year - - . year endowment endosvment plan phn , on the life Ute of ofthe ofthe ofthe the lender , and the church will w1l1 vay pay vaythe paythe paythe the premiums . . The loans thus obtained are used usedto usedto ; to pay off oll tho tbe the chuich's chuichs ChUlch's ChUlchs church's churchs ' ' Interest bear bear- bearI bearing bearing - I ing tng debt . , The life Insurance pre pre- premIums pre- pre premiums premiums - - miums the church chureh pa pays s are said sald to toamount toamount toamount amount to less each year than tbe the tbeformer theformer theformer former Interest rate alone . . The prin prln principal . cipal clpal clp ' Indebtedness 13 Is being wiped out outat outat outat at the same timeLiterary time-Literary time Literary time -Literary Literary - Literary Digest . . for then wo we can do the tbe things that thatwUl thatwill thatwill wUl will lead them to liave have confidence conf1l1ence in in11S inus Inus 11S us , to love us , . and obey Ilbey us . " |