Show church debt financed along business lines ten lays days after a plan for paying off its ita indebtedness was wag adopted by st pauls methodist episcopal church at northport North port long island half of tho the goal of had been obtained in pled pledged gea it Is expected that the plan will vill enable the church to pay the entire debt in thirty six ft months without ou asking tasking for any contributions the plan was devised by tho the church financing bureau of new york which Is conducting the fam cara palan laign friends and members of the church are asked to lend lead small sums which are to be repaid twenty years hence to tho the lenders or their heirs to guarantee payment the church will take out a policy on tho the twenty year endowment plan on tho the ufa life of the lender and the church will pay ny tho premiums the loans thus obtained are arc used to pay off MT the churche churchs chur cha interest boar bear ing debt tho the life insurance premiums the church pays are said to amount to less each year than tho former interest rate alone the principal indebtedness la Is being wiped out at tho the same famo time literary digest |