Rensselaer Journal, Volume 12, Number 41, Rensselaer, Jasper County, 19 March 1903 — HIS ONE GOOD REASON. [ARTICLE]

HIS ONE GOOD REASON.

Why Minister Thought Loan to Church a Good One. Mayor Seaman of Perth Amboy, who is treasurer of a local savings bank, tells a story about Rev. James I* Lancaster, rector of St. Peter’s Episcopal church there. The parson, who used to be a Presbyterian preacher, is by no means “slothful in business” while serving the Lord, and for that reason among others is vice president of the bank and a member of the loaning committee. An application was received recently from trustees of the First Presbyterian church for an additional loan on bond and mortgage to be used in completing their new edifice. The reverend gentleman was asked, in committee, what he thought of iL “Well,” said he, “the financial risk Is good, for the property is worth three times the amount of the loan. The moral risk is all right, for they are good people. Then again, they are predestinarlans. But I do not lay so much stress on the fact that they are predestinated to pay this debt as I do on their belief that they are predestinated to go to hell if they don’t”—New York Times.